Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

Nature and Significance of Management Chapter Quiz

12 Questions

1 Views

Nature and Significance of Management Chapter Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main reason why control becomes necessary in management?

To avoid business expansion

To discourage employee creativity

To ensure people are working as per pre-decided standards (correct)

To micromanage employees

Which form of businesses were initially managed by the owners themselves?

Government organizations

Sole proprietorship firms and partnership firms (correct)

Non-profit organizations

Public limited companies

What problem arises as the size and activities of a business expand?

Problem of capital, production, sales, and employees (correct)

Problem of employee satisfaction only

Problem of advertising

Problem of employee training only

In what circumstances is there a need for trained, experienced, and expert people in management?

When the size and activities of the business expand Signup and view all the answers

What term is used to describe the work done by a group of trained, experienced, and expert people in management?

Management Signup and view all the answers

What major benefit does developing a 'Company' offer in business?

Easy arrangement of big amounts of capital Signup and view all the answers

What is the significance of management according to the text?

Management helps in achieving maximum satisfaction using minimum resources. Signup and view all the answers

From the text, what can be inferred about the levels of management?

Middle Level Management is responsible for strategic decision-making. Signup and view all the answers

In what manner has management been important since ancient times as per the text?

Management helped primitive human beings in their hunting and fishing activities. Signup and view all the answers

What is required when more than one person join hands for work completion in a systematic manner, as mentioned in the text?

Planning and delegation of authority and responsibility Signup and view all the answers

Which functional area of management deals with managing finances according to the text?

Financial Management Signup and view all the answers

What does the text suggest about management's role in achieving objectives when human beings realized their limitations?

Management became essential to achieve objectives with the help of others. Signup and view all the answers