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CBSE Questions for Class 12 Commerce Business Studies Nature And Significance Of Management Quiz 8 - MCQExams.com
CBSE
Class 12 Commerce Business Studies
Nature And Significance Of Management
Quiz 8
Management includes ___________________.
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Administrative management
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Operative management
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Either (A) or (B)
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Both (A) & (B)
Explanation
Management includes :-
a) Administrative management- Administration is concerned with policy-making and management deals with policy implementation.
b) Operative management- Management also looks after the activities and makes sure that all the required activities are done in an effective manner.
_____is a method of scientific inquiry into the
circumstances necessitating change and the action that may be taken thereon.
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Status quo
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Action research
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Driving forces
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Freezing the status quo
Explanation
Action research is a method of scientific inquiry into the
circumstances necessitating change and the action that may be taken thereon. Action research helps to improve the methods or approaches. Kurt Lewin coined the term 'action research'. It seeks transformative change through the simultaneous process of taking action and doing research.
_____refers to that co-ordination in which a superior authority co- ordinates his work with that of his subordinates and vice vesa.
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External co-ordination
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Horizontal-co-ordination
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Vertical co-ordination
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None of above
Explanation
Vertical co-ordination refers to that co-ordination in which a superior authority co- ordinates his work with that of his subordinates and vice versa. It helps to form a systematic chain of command in the organization. Vertical coordination ensures orderly flow of information.
______ refers to the establishment of a relationship between the persons of the same status.
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External co-ordination
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Horizontal co-ordination
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Vertical co-ordination
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None of above
Explanation
Horizontal coordination refers to the establishment of a relationship between the persons of the same status. Horizontal coordination can be defined as a process of synchronization between the two or more persons working at the same level of authority. Generally different departmental heads discuss the policy of their department with each other in order to facilitate coordination in the organization.
The parts of the multiple nature of an individual which are recorded in the brain and are replayed in course of a transaction are described as:__________, ego states.
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Guardian, child and adult
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Parent, adolescent and adult
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Principle, child and adult
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Parent, child and adult
Explanation
The parts of the multiple nature of an individual which are recorded in the brain and are replayed in course of a transaction are described as: Parent, child and adult ego states.
When two or more people encounter each other, sooner or later one of them will speak or give some indication of acknowledging the presence of others. This is called the transactional stimulus. The other person will then say or do something which is in some way related to the stimulus, and that is called the transactional response.
For example:
Stimulus(PARENT): Support staff is not disciplined.
Response(PARENT): It is a sign of times.
Statement I: Efficient control system discriminates between important and unimportant factors.
Statement II: ZBB can be used more meaningfully in those areas where a direct relationship exists between the expenditure on an activity and its benefit to the enterprise.
Select the correct answer from the options given below:
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Both Statement I and Statement II are correct
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Statement I is correct but Statement II is incorrect
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Statement II is correct but Statement I is incorrect
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Both Statement I and Statement II are incorrect
Explanation
Both the statements are correct. For effective control system it is important to prioritise on the important and unimportant factors. This helps in building a sense of clarity on the achievement of the goals and objectives of the organisation.
ZBB is a budgeting process that allocates funding based on program efficiency and necessity rather than budget history. As opposed to traditional budgeting, no item is automatically included in the next budget. In ZBB, budgeters review every program and expenditure at the beginning of each budget cycle and must justify each line item in order to receive funding. Budgeters can apply ZBB to any type of cost: capital expenditures; operating expenses; sales, general, and administrative costs; marketing costs; variable distribution; or cost of goods sold. When successful, ZBB produces radical savings and liberates organizations from entrenched departments and methodologies. When unsuccessful, the costs to an organization can be considerable.
Human relations skills are also called.
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Conceptual skills
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Technical skills
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Interpersonal skills
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Problem solving skills
Explanation
Human relations skills are also called interpersonal skills. It can also be defined as the skill required to communicate or interact with other human beings.
The term 'human relations skill' refers to an employee's ability to work well with others while performing their job.
Hence, C is the correct option.
A _________ is the ability to perform the given job.
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Communication skills
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Technical skills
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Interpersonal skills
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Administrative skills
Explanation
Technical skill is the ability to perform the given job. Technical skill can also be defined as the skill which is required to complete the given task in an effective and efficient manner. It is one of the crucial skills which employees should possess to achieve organizational goals.
Hence, B is the correct option.
Drucker assigns three jobs to management.
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Managing a business; managing managers; and managing workers and work
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Managing a employees; managing managers; and managing accounting work
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Managing a business; managing creditors; and managing accounting work
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None of above
Explanation
Drucker assigns three jobs to management:
a) Managing a business
b) managing managers
c) managing workers and work
According to Peter Drucker, these three jobs will help to conduct proper functioning of all the activities in an organization.
Hence, A is the correct option.
Management is ____________ Science.
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Developed
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Developing
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Well settled
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Exact
Explanation
Management is a developing science. Management deals with the complex structure of human behaviour. It is better to emphasis that management is still a growing or developing science.
A manager should know how to identify a problem and possess the ability to find a best solution for solving any specific problem. This can be termed as.
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Technical skills
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Leadership skills
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Problem solving skills
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None of the above
Explanation
A manager should know how to identify a problem and possess the ability to find a best solution for solving any specific problem. This can be termed as problem solving skills. Problem solving skill is referred to those skills of a person by which he/she is able to solve a given problem in a situation in an effective manner.
Importance of management.
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It enables the organization to survive in changing environment
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It improves standard of living and increases the profit which is beneficial to business and society
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Management fills up various positions with right persons, having right skills, training and qualification
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All of above
Explanation
Importance of management:-
a) It enables the organization to survive in changing environment
b) It improves the standard of living and increases profit which is beneficial to business and society.
c) Management fills up various positions with the right persons, having the right skill, training, and qualification.
Management can be defined as a process of getting things done with the aim of achieving goals effectively and efficiently. In absence of management, no organization can run successfully.
Hence, D is the correct option.
Which of the following is social science?
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Economics
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Sociology
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Psychology
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All of above
Management is __________ Science.
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Exact
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An inexact
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Pure
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Perfect
Explanation
Management is an inexact science. It deals with the complex human phenomenon about which knowledge is still limited. Management is also defined as an inter-disciplinary science as it draws subject matters from other disciplines.
Management is an art because of________________________ .
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The process of management involves the use of know-how and skills
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The process of management is directed towards the accomplishment of concrete results
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Management is personalized in the sense that every manager has own approach to problems
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All of above
Explanation
Management as art: Use of theoretical knowledge in a personal way. Regular practice and creativity indicate art.
Management is an art because of:
a) The process of management involves the use of know-how and skills
b) The process of management is directed towards the accomplishment of concrete results
c) Management is personalized in the sense that every manager has his own approach to problems.
Hence, D is the correct option.
Scholars belonging to ___________ feel that study of management should be based on interpersonal relations.
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Empirical approach
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Group behaviour approach
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Interpersonal behaviour approach
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Decision theory approach
Explanation
Scholars belonging to the interpersonal behavior approach feel that the study of management should be based on interpersonal relations or human relations skills. The interpersonal behavior approach is termed as 'behavioural science', 'leadership' or 'human relations' approach by a different group of scholars.
Hanry feyol, the __________ Industrialist and popularly known the 'founder of modern management theory'.
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German
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French
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Greek
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American
Explanation
Henry Fayol, the French Industrialist and popularly known the 'founder of modern management theory'. Henry Fayol was born in France in 1841. He became famous as "Father of Management Studies and Thoughts". He developed fourteen principles of management which act as guidelines for management to perform managerial activities.
_____ deals with harmonizing the work relations effects at all leaves for common purchase.
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Motivation
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Co-operation
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Direction
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Co-ordination
Explanation
Coordination deals with harmonizing the work relations effects at all leaves for common purchase. Coordination can be defined as the orderly synchronization of group efforts so as to provide unity of action in order to achieve a common goal. It hhelps to organizational effectiveness.
___________ popularly known as the 'founder of modern management theory.'
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Frederick Taylor
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Luther Gulick
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Newmann and Summer
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Henry Fayol
Explanation
Henry Fayol popularly known as the 'founder of modern management theory.' He was born in France in 1841. He developed 14 principles of management which act as a guidelines for managers to perform manegerial activities.
___________ coined the word POSDCORB.
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Luther Gulick
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New man and summer
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Henry Fayol
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Marshall
Explanation
Luther Gulick coined the word POSDCORB. POSDCORB is used as an acronym for Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting. It reflects classical view of organization theory. It is broadly used in the field of management.
_____________ is termed as 'behavioural science', 'leadership' or 'human relations' approach by different group of scholars.
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Empirical approach
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Group behaviour approach
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Interpersonal behaviour approach
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Decision theory approach
Explanation
Interpersonal behavior approach is termed as 'behavioural science', 'leadership' or 'human relations' approach by different group of scholars.
Scholars belonging to interpersonal behavior approach feel that study of management should be based on interpersonal relations or human relations skills.
Operation researchers and analyst primarily belong to group of.
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Group behaviour approach
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Interpersonal behaviour approach
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Empirical Approach
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Mathematics Approach
Explanation
Operation researchers and analysts primarily belong to a group of mathematics approaches. Scholars belonging to Mathematics Approach are of the opinion that if planning, decision-making, organizing, etc., conform to logical processes then the same can easily and suitably be presented in mathematical symbols.
Hence, D is the correct option.
_________ is concerned with the persons, or organization groups making the decision making process.
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Empirical Approach
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Group behaviour approach
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Interpersonal behaviour approach
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Decision theory approach
Explanation
The decision theory approach is concerned with the persons, or organization groups making the decision-making process. A decision theory approach is an interdisciplinary approach. It helps to determine that how the decisions are made in a job environment that is uncertain. It helps to analyze the decision-making process.
Hence, D is the correct option.
Management might plan.
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For a short period
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For a long run
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For a short period or long run
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None of the above
Explanation
Management might plan- for a short period and also for long period. The time period depends on the organizational objectives. Management helps to achieve group goals. It also helps to use available resources at an optimum level.
Management is ______________.
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An art
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A science
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Both art and science
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Neither
Explanation
Management
is
science
because of several reasons—it has universally accepted principles, it has cause and effect relationship, etc, and at the same time it is
art
as it requires perfection through practice, practical knowledge, creativity, personal skills, etc.
Management is both art and science
.
A firm business income is nil/negative. It shall still be allowed as deduction on account of remuneration to working partner to the maximum extent of _____________________________.
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Actual remuneration paid as specified in partnership deed
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Rs. 50, 000
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Nil
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None of the above
An efficient control system helps to ________.
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accomplish organisational objectives
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boost employee's morale
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Judge accuracy of standards
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all of the above
Explanation
Essentials of an effective and efficient control system. Some of the essentials are:
1. Simplicity
2. Objectivity
3. Promptness
4. Economy
5. Flexibility
6. Accuracy
7. Suitability
8. Forward-looking Nature
9. Focus on Strategic Points
10. Motivating and Others.
Answer the following question.
Which of the following is not a function of management?
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Planning
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Staffing
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Co-operating
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Controlling
Explanation
Cooperating is not a function of management.
Among the given options option (c) cooperating is the correct answer.
There are Five functions of a management which are as follows :
(a) planning
(b) organising
(c) staffing
(d) Directing
(e) controlling
Coordination is needed to perform all these five functions of a management
Which of the following is not a Principle of management given by Taylor?
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Science, not rule of the thumb
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Functional foremanship
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Maximum not restricted output
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Harmony not discord
Explanation
Taylor supported and advocated separation of planning and execution functions. This concept is known as Functional Foremanship. Functional Foremanship is a management technique that spreads duties of a traditional industrial foreman among several different individuals.
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