12 Questions
What is the primary focus of management of people?
Directing and motivating individuals
Why is management considered all pervasive?
It can be applied across all types of organizations
How is management defined?
A process of getting things done through others effectively and efficiently
What characteristic of management is highlighted by the statement 'A collection of diverse individuals with different needs but working towards fulfilling the common organizational goals'?
Management as a group activity
What does a successful organization need to change according to its environment?
Adapt its goals to match environmental needs
Why is management considered to be a three-tier machinery?
Because of the three levels in the management hierarchy
Which characteristic of management emphasizes the importance of achieving goals effectively and efficiently?
Focus on achieving goals effectively and efficiently
What is a way in which entry to a profession can be restricted?
Through an examination or acquiring an educational degree
Why do managers focus on directing and motivating individuals?
To achieve both individual and organizational goals
Which factor does NOT contribute to proving that management is multi-dimensional?
Management of finances
Where does efficient management focus when considering tasks and goals?
Prioritizing cost-benefit analysis alongside task completion
What is the primary way in which co-ordination integrates group efforts?
By unifying diverse interests towards common objectives
Study Notes
Nature of Management
- Management is an art of getting things done through others, involving directing and motivating individuals to achieve organizational and individual needs.
Characteristics of Management
- Management is all-pervasive, applicable to all types of organizations whether economic, social, or political.
- Management is a group activity, requiring the contribution of diverse individuals towards achieving common organizational goals.
- Management is a dynamic function, adapting to changing external environments, including social, economic, and political factors.
Objectives of Management
- Social objectives include creating employment opportunities for disadvantaged sections of society and providing basic amenities to employees.
- Organizational objectives may involve achieving specific goals, such as generating employment opportunities for physically challenged persons.
Aspects of Management
- Management involves co-ordination, which integrates group efforts by unifying diverse interests and giving them a common focus to ensure performance according to plans.
- Management is multi-dimensional, encompassing various aspects, including management of work and management of people.
Hierarchy of Management
- Management is considered a three-tier machinery, consisting of top, middle, and operational levels in the management hierarchy.
Professionalism in Management
- Entry to a profession may be restricted through examinations or educational degrees.
Test your knowledge on important very short answer questions from Chapter 1: Nature and Significance of Management in Class 12 Business Studies. Questions cover topics like management by people and the meaning of the term 'process'.
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