Nature & Significance of Management in Business Studies Quiz 2

Nature & Significance of Management in Business Studies

Question 1. 

  • Assertion (A): There is a kind of cost-benefit analysis involved and the relationship between inputs and outputs.
  • Reason (R): If by using less resources (i.e., the inputs) more benefits are derived (ie., the outputs) then effectiveness has increased.

(A) Assertion (A) is false and Reason(R) is true.

(B) Assertion (A) is true and Reason (R) is false.

(C) Both Assertion (A) and Reason (R) are false.

(D) Both Assertion (A) and Reason (R) are true.

View Answer
  (B) Assertion (A) is true and Reason (R) is false.

Question 2.

  • Assertion (A), Coordination is not an exclusive function of the top management.
  • Reason (R), Coordination is the responsibility of all managers-top, middle and operational levels.

(A) Assertion (A) is false and Reason(R) is true.

(B)  Assertion (A) is true and Reason (R) is false.

(C) Both Assertion (A) and Reason (R) are false.

(D) Both Assertion (A) and Reason (R) are true.

View Answer
  (D) Both Assertion (A) and Reason (R) are true.

Question 3. 

  • Assertion (A), Management is a full-fledged profession.
  • Reason (R), Management meets the exact criteria of a profession.

(A) Assertion (A) is false and Reason(R) is true.

(B) Assertion (A) is true and Reason (R) is false.

(C) Both Assertion (A) and Reason (R) are false.

(D) Both Assertion (A) and Reason (R) are true.

View Answer
  (D) Both Assertion (A) and Reason (R) are true.

Question 4. 

  • Assertion (A). Management is a series of continuous interrelated functions.
  • Reason (R). The process of management is a series of continuous, interrelated, but separate functions (planning, organising, directing, staffing and controlling). These functions are simultaneously performed by all managers all the time.

(A) Assertion (A) is false and Reason(R) is true.

(B) Assertion (A) is true and Reason (R) is false.

(C) Both Assertion (A) and Reason (R) are false.

(D) Both Assertion (A) and Reason (R) are true.

View Answer
  (D) Both Assertion (A) and Reason (R) are true.

Question 5.

  • Assertion (A). Planning cannot prevent problems.
  • Reason (R).Planning can only predict the problems and prepare contingency plans to deal with then if and when they occur.

(A) Both Assertion (A) and Reason (R) are true.

(B) Both Assertion (A) and Reason (R) are false.

(C) Assertion (A) is true and Reason (R) is false.

(D) Assertion (A) is false and Reason(R) is true.

View Answer
(D) Assertion (A) is false and Reason(R) is true.

Question 6.

  • Assertion (A). Management is a dynamic function.
  • Reason (R). An organisation interacts with ins external Environment which consists of various social, economic and political factors. In order to be successful, an organisation must change itself and Its goals according to the needs of the environment.

(A) Assertion (A) is false and Reason(R) is true.

(B) Assertion (A) is true and Reason (R) is false.

(C) Both Assertion (A) and Reason (R) are false.

(D) Both Assertion (A) and Reason (R) are true.

View Answer
  (D) Both Assertion (A) and Reason (R) are true.

Question 7. 

  • Assertion (A), Management is a tangible force and its presence can be felt in the way the organization functions.
  • Reason (R). The effect of management is noticeable in an organisation where targets are met according to plan, employees are happy and satisfied, and there is orderliness instead of chaos.

(A) Assertion (A) is false and Reason(R) is true.

(B) Assertion (A) is true and Reason (R) is false.

(C) Both Assertion (A) and Reason (R) are false.

(D) Both Assertion (A) and Reason (R) are true.

View Answer
  (A) Assertion (A) is false and Reason(R) is true.

Question 8.

  • Assertion (A), Coordination is an all pervasive function.
  • Reason(R). Coordination is required at all levels of management due to the interdependent nature of activities of

(A) Assertion (A) is false and Reason(R) is true.

(B) Assertion (A) is true and Reason (R) is false.

(C) Both Assertion (A) and Reason (R) are false.

(D) Both Assertion (A) and Reason (R) are true.

View Answer
  (D) Both Assertion (A) and Reason (R) are true.

Question 9.

  • Assertion(A):Social objective of management involve creation of benefits or economic values to the society.
  • Reason(R):Now a days,profit maximization is the only objective of management alternatives:

(A) Assertion(A) is False, but Reason(R) is true.

(B) Assertion(A) is True, but Reason(R) is False.

(C) Both Assertion(A) and Reason( R) are True, but Reason ( R) is not the correct explanation of Assertion (A).

(D) Both Assertion(A) and Reason (R) are True and Reason(R) is the correct explanation of Assertion (A).

View Answer
  (B) Assertion(A) is True, but Reason(R) is False.

Question 10.

  • Assertion(A):Management is an exact science.
  • Reason(R): It is based on human behavior .It is neither precise nor as comprehensive as the pure science like physics or chemistry.

Alternatives:

(A) Assertion(A ) is False, but Reason(R) is true.

(B) Assertion (A) is True, but Reason(R) is False.

(C) Both Assertion(A) and Reason( R) are True, but Reason( R)is not the correct explanation of Assertion(A).

(D) Both Assertion(A) and Reason( R) are True and Reason ( R)is the correct explanation of Assertion(A).

View Answer
  (D) Both Assertion(A) and Reason( R) are True and Reason ( R)is the correct explanation of Assertion(A).

Question 11.

  • Assertion(A): Satisfaction of personnel objectives is very important in an organisation..
  • Reason(R): Employees are one of the most valuable resources for an organization,

Alternatives:

(A) Assertion(A) is False, but Reason( R) is true.

(B) Assertion(A) is True ,but Reason( R ) is False.

(C) Both Assertion(A)and Reason(R) are True, but Reason (R)is not the correct explanation of Assertion(A).

(D) Both Assertion(A)and Reason(R) are True and Reason(R)is the correct explanation of Assertion(A).

View Answer
  (D) Both Assertion(A)and Reason(R) are True and Reason(R)is the correct explanation of Assertion(A).

Question 12.

  • Assertion(A):Management principles are developed through observation and repeated experimentation.
  • Reason(R):Outcomes of management principles can be predicted accurately.

Alternatives:

(A) Assertion (A) is False, but Reason( R) is true.

(B) Assertion(A) is True, but Reason( R) is False.

(C) Both Assertion(A) and Reason( R) are True, but Reason( R)is not the correct explanation of Assertion(A).

(D) Both Assertion(A) and Reason(R) are True and Reason( R) is the correct explanation of Assertion(A).

View Answer
(B) Assertion(A) is True, but Reason( R) is False.

Question 13. If ANU considers management as a discipline, identify the reason

(A) has a code of conduct

(B) requires regular practice

(C) it is a skillful activity

(D) a lot of literature is available

View Answer
(D) a lot of literature is available

Question 14. Identify the concept of management in the above case __________.

(A) art

(B) profession

(C) both Art & Science

(D) science

View Answer
(B) profession

Question 15. Every manager applies his personal skill and knowledge in the day-to-day functioning of an enterprise. It is proved because _________.

(A) management is an art

(B) management is a profession

(C) management is a science

(D) none of these

View Answer
(A) management is an art

Question 16. Identify the features of management as a profession __________.

(A) systematic body of knowledge

(B) service motive

(C) restricted entry

(D) all of the above

View Answer
(A) systematic body of knowledge

Read the following and answer questions from 17 to 21 on the basis of the same:

Alcargo Ltd is a operating its business on large scale. Co. realizes that human resources are the most important assets of its business, So HRM Department is set up to show a developmental path to the employees through proper training modules and job enrichment. Time to time incentives and awards are given to employees which was based on their performance, which keeps the employees highly motivated. Ravi , just a graduate inhumanities is appointed as the Plant superintendent in the company. Ravi knew that there are certain theories and principles of management based on deep observation and experimentation. So, he studied various theories and principles of management
before joining the Company. Ravi is very energetic and he likes to deal with severe situations. On August 20th, He informed his boss that the goal he had been assigned had been achieved and the quality was also very good. The best part is that there is one day left for the deadline ,which is August 21.However,his boss was dissatisfied because the expenses incurred by his team to complete the project exceeded the upper limit (norms).

Question 17. Which objective of management is pursued by management of Alcargo Ltd ___________.

(A) Organizational objectives

(B) Personal objectives

(C) Social objectives

(D) None of these

View Answer
(B) Personal objectives

Question 18. Identify the feature of profession which is not applicable here – “Ravi, just a graduateinhumanities is appointed as the Plant super intended in the company.’

(A) Service Motive

(B) Ethical code of conduct

(C) Restricted Entry

(D) Well defined body of knowledge

View Answer
(C) Restricted Entry

Question 19. Which aspect of management is violated by Ravi in above case?

(A) Controlling

(B) Effectiveness

(C) Efficiency

(D) Planning

View Answer
(C) Efficiency

Question 20. Identify the nature of management highlighted in this line-“Ravi knew tha ttherea recerta in theories and principles of management based on deep observation and experimentation.”

(A) Management as Profession

(B) Management as an Art

(C) Management as Science

(D) None of the above

View Answer
  (C) Management as Science

Question 21. Which aspect of management is followed by Ravi in above case?

(A) Controlling

(B) Effectiveness

(C) Efficiency

(D) Planning

View Answer
(B) Effectiveness
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