Nature and Significance of Management

Previous Years' CBSE Board Questions

1.1 Management-Concept, Objectives and Importance

MCQ

1. Statement I: Management is multi-dimensional. Statement II: The activities involved in managing an enterprise are common to all organisations whether economic, social or political. Choose the correct option from the options given below:
2. Statement I is true and II is false.

1. Statement II is true and I is false.

1. Both the statements are false.
2. Both the statements are true.

2 'Alfanzo Ltd.' is achieving all its objectives in an effective and efficient manner. It is earning enough revenue to cover costs and the risks of the business. Now the company wants to increase the sales volume, the capital investment, the number of employees and the number of products also. By doing this, the management wants to achieve its following objective:

1. Survival (b) Profit
2. Personal (d) Growth

1. The process of designing and maintaining an environment in which individuals work together in groups, efficiently accomplishing selected aims, is known as
2. Planning (b) Organising
3. Management (d) Efficiency. (Term-I, 2021-22)

1. At times, a business may concentrate on producing goods with fewer resources but cannot achieve the targeted production. In such a case, the business is said to be:
2. Effective but not efficient
3. Efficient but not effective
4. Both effective and efficient
5. Neither effective nor efficient

(Term-I, 2021-22)

1. 'The management gives a common direction to the individual effort in achieving the overall goal of the organisation.' Which point of importance of management is highlighted in this statement?
2. Helps in achieving personal objectives
3. Helps in achieving group goals
4. Helps to increase efficiency
5. Helps to create a dynamic organisation

'SORT-IT Ltd.' is a leading software development

company. The company is satisfying the diverse needs

of it's employees. Its employees are given competitive

salaries and perks. They have been given chance for

their personal growth and development. Identify the

objective of management being met by 'SORT-IT Ltd.'

1. Social
2. Personnel
3. Organisational
4. Both Social and Personnel (Term-I, 2021-22)

JS Printing Solution Ltd. is a company manufacturing

printers and scanners. The management of this

company is known for speedy and prompt delivery

of orders. As a result, the market share of this

company is growing. The company grabbed a new

project to supply 1,500 printers to Upris : Bank

Ltd. for its various branches, within two weeks.

The Production Manager, Ashok, made on: of his

efficient subordinates, Deepak the incharge of the

project and also gave him the right to conmand

workers in order to meet the target. Now, Ashok

could use his time on high priority areas. He f : It that

this will also give an opportunity to Deepak to gain

experience and develop himself for higher pc sitions.

On getting the charge, Deepak was very ha py, his

confidence level increased and he was encouraged to

do his best to fulfill the responsibility. Considering his

responsibility, Ashok kept a track of the completion

of work with Deepak and he is providing I im the

needed guidance to reach the target on time.

The application of the concept used above allows

Ashok to use his time on high priority areas. This will

lead to the organisation towards:

1. Adaptation to change
2. Effective Management
3. Economies of Scale
4. Reduction in conflicts among different divisions (Term-I, 2021-22) (EV)
5. 'The main objective of any organisation should be to utilise human and material resources to the maximum possible advantage.' The above lines highlight which of the following objectives of management?
6. Organisational objectives
7. Social objectives
8. Personal objectives

(2021 C)

1. Both (b) and (c)
2. 'In order to be successful, an organisation must change itself and its goals according to the needs the environment. Which characteristic of management is being highlighted here?

(Term-I, 2021-22) (An

1. Management is all pervasive
2. Management is multi-dimensional
3. Management is a group activity
4. Management is a dynamic function (2021 C)
5. The objective of management which consistently creates economic value for various constituents of society is:
6. Organisational objective
7. Social objective
8. Personal objective
9. Both Social and Personal objective. (2020 C)

1. Arnay has recently started a business to sell computers. He hired a shop in Nehru Place in New Delhi, where he assembles various components to make computers and supplies them as per order. He performs a series of composite but separate functions simultaneously and ensures that computers are delivered in time as per orders. These functions are performed by all managers at all times. The feature of management highlighted above is:

1. Management is a continuous process.
2. Management is pervasive.
3. Management is dynamic.
4. Management is a group activity.

(2020 C)

VSA. (1 mark)

12 Various input resources are required by management to complete a task effectively and efficiently. Name any two. (Al 2019)

Management is the process of getting things done. State the meaning of the term 'Process' used in this statement. (Delhi 2016)

1. What is meant by 'Efficiency' in management?

(Foreign 2016, Delhi 2015) R

1. What is meant by 'effectiveness' in management? (Delhi 2015)

Explain, how management helps in the development of society. (Delhi 2015)

How does management help in achieving personal objectives? State. (Delhi 2015)

1. What is meant by 'Management' of People? (Delhi 2014)
2. What is meant by 'Management of Work'? (AI 2014)
3. Identify the basic characteristic of management involved in the statement— 'The activities involved in managing an organisation are common to all organisations, whether economic, social or political'. (Delhi 2014 C) U

SAI (3 marks)

21. Identify the characteristic of management which

states that the activities involved in managing an

enterprise are common to all organisations whether

economic, social or political. Also state two other

characteristics of management. (2021 C)

Mita has a successful ice cream business at Bikaner.

namely 'Smart navours' ice creams are utterly

delicious. She makes ice creams from fresh milk and

the same are available in a wide range of flavours and

packs. She sets viable business objectives and works

with the same in mind in order to ensure that the

customers will come back for purchasing.

Having the first mover advantage, her business was

doing well. To earn higher profits, she started cutting

costs. This would sometimes lead to delay in delivery

and the ice cream was not reaching the market in

time. Over a period of time, the demand for her ice

cream declined and because of it, the competitors

entered the market. She lost some of her market

share to competitors.

At the beginning of summer season, she got back to

back order for supply of 4,000 ice cream packs of

different flavours for special occasions. To ensure

that the task was completed and orders delivered

in time she hired additional workers. She was, thus

able to produce and deliver the ice cream packs but

at a high production cost. While completing activities

and finishing the given task for achieving goals, Mita

realised that she was ignoring one of the important

aspects of management.

Identify the aspect of management that has been

ignored by Mita. Also explain the same with the help

of an example. (Delhi 2019) Ev

SAII (4 marks)

Define 'Management'. Explain how management is a

multidimensional activity. (Al 2019)

Explain any four points of importance of management.

(Delhi 2016, 2014 C)

Mega Ltd. was manufacturing water-heaters. In the

first year of its operations, the revenue earned by

the company was just sufficient to meet it's costs.

To increase the revenue, the company analysed the

reasons of less revenues. After analysis, the company

decided

1. To reduce the labour cost by shifting the manufacturing unit to a backward area where labour was available at a very low rate.
2. To start manufacturing solar water-heaters and reduce the production of electric water-heater slowly.