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Test: Nature and Significance of Management- Case Based Type Questions- 1 - Commerce MCQ


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10 Questions MCQ Test Business Studies (BST) Class 12 - Test: Nature and Significance of Management- Case Based Type Questions- 1

Test: Nature and Significance of Management- Case Based Type Questions- 1 for Commerce 2024 is part of Business Studies (BST) Class 12 preparation. The Test: Nature and Significance of Management- Case Based Type Questions- 1 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Nature and Significance of Management- Case Based Type Questions- 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- Case Based Type Questions- 1 below.
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Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 1

Direction: Read the following text and answer the below questions :

Das is the Managing Director of ‘Gamut Ltd.’, manufacturing different varieties of cheese. He has an efficient team working under him consisting of Rajat, the Production Manager, Vinay – the Marketing Manager and Adit – the Finance Manager. They understand and interpret the policies made by Das, ensure that their departments have adequate manpower, assign them the necessary duties and motivate them to achieve the desired objectives.

Identify another function of the level highlighted in the above case.

Detailed Solution for Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 1
Rajat, Vinay and Adit are working at the “Middle Level”, as the “Functional Heads” for the smooth functioning of their respective Departments . Other than this, one more function the three Functional Heads must perform is to “Motivate” the Employees of their Respective Departments in order to achieve the Desired Objectives.
Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 2

Direction: Read the following text and answer the below questions :

Das is the Managing Director of ‘Gamut Ltd.’, manufacturing different varieties of cheese. He has an efficient team working under him consisting of Rajat, the Production Manager, Vinay – the Marketing Manager and Adit – the Finance Manager. They understand and interpret the policies made by Das, ensure that their departments have adequate manpower, assign them the necessary duties and motivate them to achieve the desired objectives.

Identify another function of the level highlighted in the above case.

Detailed Solution for Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 2

Coordination is the means by which the activities of various departments, peoples, groups, or individuals are linked with in an organization that enables the team to perform effective and efficiently. Effective coordination is very essential to an organizations' success

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Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 3

Direction: Read the following text and answer the below questions :

Das is the Managing Director of ‘Gamut Ltd.’, manufacturing different varieties of cheese. He has an efficient team working under him consisting of Rajat, the Production Manager, Vinay – the Marketing Manager and Adit – the Finance Manager. They understand and interpret the policies made by Das, ensure that their departments have adequate manpower, assign them the necessary duties and motivate them to achieve the desired objectives.

Das is working at which level of management ?

Detailed Solution for Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 3
Top Level of Management consists of board of directors, chief executive or managing director. The top management is the ultimate source of authority and it manages goals and policies for an enterprise. It devotes more time on planning and coordinating functions.
Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 4

Direction: Read the following text and answer the below questions :

Das is the Managing Director of ‘Gamut Ltd.’, manufacturing different varieties of cheese. He has an efficient team working under him consisting of Rajat, the Production Manager, Vinay – the Marketing Manager and Adit – the Finance Manager. They understand and interpret the policies made by Das, ensure that their departments have adequate manpower, assign them the necessary duties and motivate them to achieve the desired objectives.

The departmental managers, Rajat, Vinay and Adit are working at which level of management ?

Detailed Solution for Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 4
The branch managers and departmental managers constitute middle level. They are responsible to the top management for the functioning of their department. They devote more time to organizational and directional functions.
Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 5

Direction: Read the following text and answer the below questions :

A very innovative firm has decided to increase its sales. The company is good but they have noticed that their growth has stagnated for the last couple of years. The top management calls for an emergency meeting. For this, they have outlined a series of activities to be performed by each person. The people are told the activities they have to perform. Thus, the work is divided among individuals. The efforts taken by the firm turn out to be very productive for the organisation and it gains huge profit. The newspapers and management institutes also praise the company for its high standards of management. However, as time passes the size of the organisation grows and thus they think of bringing another concept of management with a lot of precision. This concept of management is not voluntary but rather based on a lot of clear cut thinking in advance. The main idea is to reduce confusion among the employees regarding any of the activities they have been assigned.

Find out one characteristic of the concept highlighted in the above case.

Detailed Solution for Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 5
Deliberate effort: To deliberate means to carefully think or talk something through, it also means slow and measured, the pace of this kind of careful decision making. If you choose deliberately, you make a very conscious, well-thought-through choice.
Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 6

Direction: Read the following text and answer the below questions :

A very innovative firm has decided to increase its sales. The company is good but they have noticed that their growth has stagnated for the last couple of years. The top management calls for an emergency meeting. For this, they have outlined a series of activities to be performed by each person. The people are told the activities they have to perform. Thus, the work is divided among individuals. The efforts taken by the firm turn out to be very productive for the organisation and it gains huge profit. The newspapers and management institutes also praise the company for its high standards of management. However, as time passes the size of the organisation grows and thus they think of bringing another concept of management with a lot of precision. This concept of management is not voluntary but rather based on a lot of clear cut thinking in advance. The main idea is to reduce confusion among the employees regarding any of the activities they have been assigned.

Identify in the above lines a concept of management discussed which the company tries to bring.

Detailed Solution for Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 6
Co-ordination is the unification, integration, synchronization of the efforts of group members so as to provide unity of action in the pursuit of common goals. It is a hidden force which binds all the other functions of management.
Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 7

Direction: Read the following text and answer the below questions :

A very innovative firm has decided to increase its sales. The company is good but they have noticed that their growth has stagnated for the last couple of years. The top management calls for an emergency meeting. For this, they have outlined a series of activities to be performed by each person. The people are told the activities they have to perform. Thus, the work is divided among individuals. The efforts taken by the firm turn out to be very productive for the organisation and it gains huge profit. The newspapers and management institutes also praise the company for its high standards of management. However, as time passes the size of the organisation grows and thus they think of bringing another concept of management with a lot of precision. This concept of management is not voluntary but rather based on a lot of clear cut thinking in advance. The main idea is to reduce confusion among the employees regarding any of the activities they have been assigned.

Identify the function of management highlighted in the above lines which the company follows :

Detailed Solution for Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 7
Planning is the function of determining in advance what is to be done and who is to do it. This implies setting goals in advance and developing a way of achieving them efficiently and effectively. Planning cannot prevent problems, but it can predict them and prepare contingency plans to deal with them if and when they occur.
Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 8

Direction: Read the following text and answer the below questions :

A very innovative firm has decided to increase its sales. The company is good but they have noticed that their growth has stagnated for the last couple of years. The top management calls for an emergency meeting. For this, they have outlined a series of activities to be performed by each person. The people are told the activities they have to perform. Thus, the work is divided among individuals. The efforts taken by the firm turn out to be very productive for the organisation and it gains huge profit. The newspapers and management institutes also praise the company for its high standards of management. However, as time passes the size of the organisation grows and thus they think of bringing another concept of management with a lot of precision. This concept of management is not voluntary but rather based on a lot of clear cut thinking in advance. The main idea is to reduce confusion among the employees regarding any of the activities they have been assigned.

Find out one importance of the concept highlighted in the above case.

Detailed Solution for Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 8
As organisations grow in size, the number of people employed by the organisation also increases. At times, it may become difficult to integrate their efforts and activities. Therefore, for organisational efficiency, it is important to harmonise individual goals and organisational goals through coordination.
Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 9

Direction: Read the following text and answer the following questions on the basis of the same:

Sana is the branch manager of ABC Handicrafts Pvt. Ltd. The company’s objective is to promote the sales of Indian handloom and handicraft products. It sells fabrics, furnishings, readymades and household items made out of traditional Indian fabrics. Sana decides quantities, varieties, colours and textures of all the above items and then allocates resources for their purchase from different suppliers. She appointed a team of designers and crafts people in the company, who developed some prints for bed covers in bright colour on silk. Although the products looked very attractive and impressive, they were relatively expensive on the front of affordability for an average customer. Sana suggested that they should keep the silk bed covers for special festive occasions and offer the cotton bed covers on a regular basis to keep costs under control.

Sana suggested that they should keep the silk bed covers for special festive occasions and offer the cotton bed covers on a regular basis to keep costs under control.” Which function of management is highlighted in this context?

Detailed Solution for Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 9
Controlling is the management function of monitoring organisational performance towards the attainment of organisational goals. The task of controlling involves establishing standards of performance, measuring current performance, comparing this with established standards and taking corrective action where any deviation is found.
Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 10

Direction: Read the following text and answer the following questions on the basis of the same:

Sana is the branch manager of ABC Handicrafts Pvt. Ltd. The company’s objective is to promote the sales of Indian handloom and handicraft products. It sells fabrics, furnishings, readymades and household items made out of traditional Indian fabrics. Sana decides quantities, varieties, colours and textures of all the above items and then allocates resources for their purchase from different suppliers. She appointed a team of designers and crafts people in the company, who developed some prints for bed covers in bright colour on silk. Although the products looked very attractive and impressive, they were relatively expensive on the front of affordability for an average customer. Sana suggested that they should keep the silk bed covers for special festive occasions and offer the cotton bed covers on a regular basis to keep costs under control.

In the above case “company’s objective is to promote the sales of Indian handloom and handicraft products.” The above line focus on which feature of management?

Detailed Solution for Test: Nature and Significance of Management- Case Based Type Questions- 1 - Question 10
An organisation has a set of basic goals which are the basic reason for its existence. Management unites the efforts of different individuals in the organisation towards achieving these goals.
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