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Test: Nature And Significance Of Management - 1 - Commerce MCQ


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10 Questions MCQ Test Business Studies (BST) Class 12 - Test: Nature And Significance Of Management - 1

Test: Nature And Significance Of Management - 1 for Commerce 2024 is part of Business Studies (BST) Class 12 preparation. The Test: Nature And Significance Of Management - 1 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Nature And Significance Of Management - 1 MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Nature And Significance Of Management - 1 below.
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Test: Nature And Significance Of Management - 1 - Question 1

Q  The three R’s to save the environment are

Detailed Solution for Test: Nature And Significance Of Management - 1 - Question 1

The three R's – reduce, reuse and recycle. It all help to cut down on the amount of waste thrown away. 
They conserve natural resources, landfill space and energy. Plus, the three R's save land and money communities must use to dispose of waste in landfills.

Test: Nature And Significance Of Management - 1 - Question 2

Which aspect of management is concerned with the end result?

Detailed Solution for Test: Nature And Significance Of Management - 1 - Question 2

 Effectiveness in management is concerned with doing the right task/completing activities/achieving goals within the prescribed time. In other words, it is concerned with end results.

Test: Nature And Significance Of Management - 1 - Question 3

The following is not an objective of management:

Detailed Solution for Test: Nature And Significance Of Management - 1 - Question 3

Policy making is not an objective of management. It is in fact a process that involves the setting up of goals and objectives for the organisation and the determining the ways to achieve the desired goals. That is, it can be said that policy making is the path through which the objectives of a management i.e. organisational objectives (such as earning profits and growth of the organisation), social objectives (such as providing employment) and personal objectives can be achieved.

Test: Nature And Significance Of Management - 1 - Question 4

Policy formulation is the function of:

Detailed Solution for Test: Nature And Significance Of Management - 1 - Question 4

They are the ones, responsible for developing the policies and goals for the organization. On the other hand, middle level managers interpret these policies in terms of plans and objectives and works towards implementing them with the help of the operational management. The operational management as per the instructions of the middle management directly oversees the actual work process.

Test: Nature And Significance Of Management - 1 - Question 5

Coordination is:

Detailed Solution for Test: Nature And Significance Of Management - 1 - Question 5

Coordination is the force that binds all the other functions of management. It is however, the essence of management, for achieving harmony among individual efforts towards the accomplishment of group goals. 

Test: Nature And Significance Of Management - 1 - Question 6

A good manager synchronises all the activities of different departments through:

Detailed Solution for Test: Nature And Significance Of Management - 1 - Question 6

Coordination is not a separate function of management but it is the essence of management. Any organization has different types of department. All These departments have their own set of work,while doing this work, there is high probability of some clashes,and that's the time we need coordination. Management synchronizes the activity of different departments and individuals towards the achievement of organizational goal.

Test: Nature And Significance Of Management - 1 - Question 7

Under what function of management, policies and strategies are formulated?

Detailed Solution for Test: Nature And Significance Of Management - 1 - Question 7

Policies and strategies are formulated under planning which is a function of management. Planning is deciding in advance what to do, how to do when to do, and who is to do it. Planning involves setting objective sand developing appropriate courses of action to achieve these objectives.

Test: Nature And Significance Of Management - 1 - Question 8

The possibilities of inadequate profits or even losses due to uncertainties are known as ____________

Detailed Solution for Test: Nature And Significance Of Management - 1 - Question 8

Business risk is the uncertainty of profit due to various seen and unforeseen causes when there is inadequate profit or even losses its because of some such causes which itself is business risk.

Test: Nature And Significance Of Management - 1 - Question 9

Middle level management consists of :

Detailed Solution for Test: Nature And Significance Of Management - 1 - Question 9

Middle level management is the link between top and lower level managers. So middle level manager consist of finance manager. President and chairman are a part of top level management and a supervisor comes under operational or supervisory level.

Test: Nature And Significance Of Management - 1 - Question 10

Which of the following is not an example of non-economic activity?

Detailed Solution for Test: Nature And Significance Of Management - 1 - Question 10

Non-economic activities are those activities which do not generate any income or money while they are carried out. Patriotism, sentiment, sympathy are all emotions, feelings of an individual whereas teaching is an activity which involves money transfer after it is carried out (unless it is intentionally carried out without any pay). Because a teacher gets salary for teaching, it is not an example of non-economic activity.

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