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Test: Nature And Significance Of Management - 2 - Commerce MCQ


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20 Questions MCQ Test - Test: Nature And Significance Of Management - 2

Test: Nature And Significance Of Management - 2 for Commerce 2024 is part of Commerce preparation. The Test: Nature And Significance Of Management - 2 questions and answers have been prepared according to the Commerce exam syllabus.The Test: Nature And Significance Of Management - 2 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 - 2 below.
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Test: Nature And Significance Of Management - 2 - Question 1

Which of the following is not included in Top Level Management?

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 1
  • The three levels of management typically found in an organization are low-level management, middle-level management, and top-level management.
  • Top-level managers are responsible for controlling and overseeing the entire organization.

The board of directors, president, vice-president, and CEO are all examples of top-level managers.

These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business.

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

Mainly planning is concerned with ________

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

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.

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Test: Nature And Significance Of Management - 2 - Question 3

__________ Aims to help each other

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 3

Cooperation is the act of cooperating or acting together for a common goal, with the goal of assisting one another. It is more or less active help from a person, organization, or other entity

Test: Nature And Significance Of Management - 2 - Question 4

Which level of management serves as a link between top level managers and first line managers?

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 4

Correct option is B. Middle level management

Test: Nature And Significance Of Management - 2 - Question 5

The work performed by Top Level Management is ______________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 5

The work performed by top level management is complex and stressful as their basic task is to integrate diverse elements and coordinate the activities of different departments according to the overall objectives of the organisation.

Test: Nature And Significance Of Management - 2 - Question 6

Vinod Limited target production of 25,000 units in a year. Production manager was able to achieve this target but at a higher production cost. In this case, manager is ________ but not ________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 6

Efficiency means doing the task correctly and with minimum cost.
Effectiveness in management is concerned with doing the right task, completing activities and achieving goals.

Test: Nature And Significance Of Management - 2 - Question 7

Vinod Limited target production of 22,000 units in a year. Production manager was able to cut down the cost but could not achieve the target. In this case, manager is ________ but not ________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 7

Efficiency means doing the task correctly and with minimum cost.
Effectiveness in management is concerned with doing the right task, completing activities and achieving goals.

Test: Nature And Significance Of Management - 2 - Question 8

A process needs

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 8

A process is an instance of program execution. This means, for example, that if you open up two browser windows then you have two processes, even though they are running the same program.
The life-cycle of a process can be described by a state diagram which has states representing the execution status of the process at various times and transitions that represent changes in execution status.
The operating system maintains management information about a process in a process control block (PCB). Modern operating systems allow a process to be divided into multiple threads of execution, which share all process management information except for information directly related to execution. This information is held in a thread control block (TCB).
Threads in a process can execute different parts of the program code at the same time. They can also execute the same parts of the code at the same time, but with different execution state:
They have independent current instructions; that is, they have (or appear to have) independent program counters.
They are working with different data; that is, they are (or appear to be) working with independent registers

Test: Nature And Significance Of Management - 2 - Question 9

Management is a __________ Activity

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 9

Management is a group activity. Management is an activity which is necessary wherever there is a group of people working in an organization.

Test: Nature And Significance Of Management - 2 - Question 10

Management is not ______________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 10

Management is an intangible force as we cannot feel or touch it. The presence of management can be felt in the way an organization functions.

Test: Nature And Significance Of Management - 2 - Question 11

Management is _________________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 11
Management is Multi Dimensional:
- Management involves various dimensions and aspects that need to be considered and addressed.
- It encompasses planning, organizing, leading, and controlling activities to achieve organizational goals.
- It includes decision-making, problem-solving, and resource allocation.
- It involves managing people, processes, and resources effectively and efficiently.
Management is Required in Small Business Firms:
- While the extent of management may vary in small business firms, it is still crucial for their success.
- Effective management ensures proper utilization of resources, improves productivity, and enhances profitability.
- It helps in setting goals and objectives, developing strategies, and making informed decisions.
- It ensures effective coordination among different functions and departments within the firm.
Management is not an Individual Activity:
- Management is a collaborative effort that involves working with and through others.
- It requires effective communication, delegation, and teamwork.
- Managers need to motivate, guide, and supervise their subordinates to achieve desired outcomes.
- Collaboration and coordination among individuals and teams are essential for effective management.
In conclusion, management is a multi-dimensional process that is required in small business firms. It involves various activities and requires collaboration and coordination among individuals and teams.
Test: Nature And Significance Of Management - 2 - Question 12

Management is directly concerned with _______________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 12

MANAGEMENT is all about the art of getting things done through others. All the elements are non-living and can be controlled in an organisation but we need people to manage and direct the non-living things into most productive uses.

Test: Nature And Significance Of Management - 2 - Question 13

Which one of the following is not an objective of Management?

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 13

Objectives of management include organizational, social and personal. So political objective is not an objective if management. 

Test: Nature And Significance Of Management - 2 - Question 14

Organisational objective is not concerned with __________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 14

Organizational objective is not concerned with supply of quality goods as it is a concern of operational level of management.

Test: Nature And Significance Of Management - 2 - Question 15

Providing facility of Schools and hospitals is the _____objective of management.

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 15

Providing facility of school and hospital is the social objective of management. Social objectives it involves the creation of benefit for society.

Test: Nature And Significance Of Management - 2 - Question 16

Chief Marketing Officer and Managing Director is the part of _________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 16

Chief marketing officer and managing director is a part of top level management. Top Management consist of the senior-most executives of the organisation by whatever name they are called.

Test: Nature And Significance Of Management - 2 - Question 17

Management is both Science and Art. Science can be defined as _________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 17

Yes management is both science and art. Science can be defined as systematic body of the knowledge. Its principles are based on a cause and effect relationship.

Test: Nature And Significance Of Management - 2 - Question 18

Management is also considered as a profession where ______________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 18

Dynamic Function

Management is considered a profession where dynamic functions play a crucial role. This means that managers need to be adaptable, flexible, and able to respond to changes and challenges within the organization and its external environment. Managers are responsible for planning, organizing, directing, and controlling resources to achieve organizational goals effectively and efficiently. They also need to possess skills such as leadership, communication, decision-making, and problem-solving to be successful in their roles. While qualifications and backgrounds may vary, being able to perform these dynamic functions is essential for anyone who wants to excel in the field of management.

 

Test: Nature And Significance Of Management - 2 - Question 19

The word________denotes a function, a task, a discipline.

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 19

The word management denotes a function, a task, a discipline.

Test: Nature And Significance Of Management - 2 - Question 20

Effectiveness is concerned with ____________

Detailed Solution for Test: Nature And Significance Of Management - 2 - Question 20

Effectiveness in management is concerned with doing the right task, completing activities and achieving goals.

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