Tag: importance of management

Questions Related to importance of management

Management is a _______.

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

  1. dynamic process

  2. continuous process

  3. both (a) and (b)

  4. none of the above.

Show answer
Correct Option: C
Explanation:

Management is a dynamic as well as continous. Management is a dynamic process because it keeps on changing with the changes that takes place in environment. It is continous process because it is the act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively. It continues till the goals are achieved by organisation.

Mathematical approach to management is closely related to ________.

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

  1. empirical approach of management

  2. inter personal behaviour approach of management

  3. corporate approach of management

  4. decision theory approach of management

Show answer
Correct Option: D
Explanation:
Mathematical approach to management is closely related to decision theory approach. As per this approach analysis and use of mathematical model is the main work of management.

The word " management" derives its origin from the 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

Show answer
Correct Option: C

Greek work 'Nomos' means ________.

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

  1. controlling

  2. planning

  3. organizing

  4. management

Show answer
Correct Option: D

Hick defines management as "the process of getting things done by the ______ and through the ______".

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

  1. people, manager

  2. people, employees

  3. people, people

  4. manager, people,

Show answer
Correct Option: C

Who started 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

Show answer
Correct Option: B

Management by objectives (M.B.O) s given by _________.

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

  1. Peter Drucker

  2. Fredrick Taylor

  3. Hick

  4. Haimann

Show answer
Correct Option: A

To a very large extent the success of an organization is dependent on its _________.

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

  1. raw material supplier

  2. management

  3. promoter

  4. none of the above

Show answer
Correct Option: B

Haimann observes that, "management is the function of _______ ".

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

  1. getting things done through people and directing the efforts of individuals towards a common objective.

  2. forecast, and to plan, to organize to command.

  3. the process of getting things done by the people and through the people.

  4. thinking and utilizing human, material & financial resources in such a manner that would result in best combination.

Show answer
Correct Option: A

Statemetn I :  A true manager can continue to manage the same way as he has been doing it in the past.
Statement II : Considerations of efficiency and survival require that a manager should be constantly engaged in the task of innovation. 

Select the correct answer from the options given below - 

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

  1. Statement I and Statement II both are true.

  2. Statement II is true but Statement I is false

  3. Statement I and Statement II both are false.

  4. Statement I is true but Statement II is false.

Show answer
Correct Option: B