Tag: business organisation

Questions Related to business organisation

The word "management" derives its origin from a word -

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. monos

  2. konos

  3. nomos

  4. lomos

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Correct Option: C

Who stated that management means, "Getting things done through and with people"?

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. James

  2. Koontz and O'Donnell

  3. Haimann

  4. Henry Fayol

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Correct Option: B

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 _____________________________.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. Actual remuneration paid as specified in partnership deed

  2. Rs. 50, 000

  3. Nil

  4. None of the above

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Correct Option: B

The classic feature of administration is that ________.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. it is concerned with policy making

  2. it is concerned with policy implementation

  3. it is legislative

  4. both a & c

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Correct Option: D
Explanation:

Administration refers to the legislation of a particular matter of work. Administration is concerned with the policy making of an organization where different administrative process are adopted in order to make several policies of the company. 

The five elements in the management process are __________.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. plan, update, lead, and supervise

  2. organize, plan, control, staff and manage

  3. plan, organize, staff, lead and control

  4. plan, lead, organize, manage and control

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Correct Option: D
Explanation:

Management is a dynamic process of getting things done by others with the aim of achieving common goals effectively and efficiently. Management process includes all the function that are followed by a manager as a managerial action which includes planning, leadings, organizing, managing and controlling. 

Which of the following is not an element of the management process?

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. Pricing

  2. Staffing

  3. Planning

  4. Controlling

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Correct Option: A
Explanation:

Management is a dynamic process of getting things done by others with the aim of achieving common goals effectively and efficiently. Therefore, pricing is not an element of the management process as it is the part of marketing strategy of a company and does not relates to directly influencing human behaviour. 

The Greek word nomos means __________.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. management

  2. government

  3. organisation

  4. consumer

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Correct Option: A

Invariably, management can be called __________.

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. inter-disciplinary science

  2. inter a disciplinary Science

  3. only science

  4. only art

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Correct Option: A

Which is not a basic function of the management processes?

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. Controlling

  2. Organizing

  3. Working

  4. Leading

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Correct Option: C
Explanation:

Management is a dynamic process of getting things done by others with the aim of achieving common goals effectively and efficiently. Management process includes all the function that are followed by a manager as a managerial action which includes planning, leading, organizing, managing and controlling. Therefore, working is not a basic function of planning. 

Which of the following is not an objective of management?

business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

  1. Not to waste the efforts of management

  2. To save the time efforts & money

  3. Management does not take care of the betterment of the society

  4. None of the above

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Correct Option: A