Business Studies: Nature And Significance Of Management Quiz

10 Questions | By Vndn.dalal | Last updated: Mar 22, 2022 | Total Attempts: 1483

Questions

Settings

Create your own Quiz

Answer these questions to find out your knowledge of "Nature and Significance of Management".

Questions and Answers

1.

Management works with the following objectives:
- A.
  
  Objective of profit maximization
- B.
  
  Objective of sales maximization
- C.
  
  Objective of becoming market leader
- D.
  
  Multiple objective
2.

Coordination is
- A.
  
  An essence of management
- B.
  
  A function of management
- C.
  
  None of the above
- D.
  
  Part of Management
3.

The function of management, which creates various departments is called __________________.
- A.
  
  Planning
- B.
  
  Staffing
- C.
  
  Organising
- D.
  
  Directing
4.

Completing the task with minimum cost and optimum utilisation of resources is called __________________.
- A.
  
  Efficiency
- B.
  
  Effectiveness
- C.
  
  Coordination
- D.
  
  Organising
5.

The primary or first function of every manager is __________________.
- A.
  
  Planning
- B.
  
  Staffing
- C.
  
  Coordination
- D.
  
  Organizing
6.

Management is used only in Business Organisations.
- A.
  
  True
- B.
  
  False
7.

The process of creating an internal environment, where individual work effectively and efficiently for achievement of goal is known as
- A.
  
  Coordination
- B.
  
  Delegation
- C.
  
  (c) Management
- D.
  
  Planning
8.

Management is a process because:
- A.
  
  It involves series of steps
- B.
  
  It leads to systematic working
- C.
  
  It involves one single activity
- D.
  
  None of the above
9.

Liaison with the outside world is the function of:
- A.
  
  Top Level
- B.
  
  Supervisory Level
- C.
  
  Middle Level
- D.
  
  All of the above
10.

Coordination does not come by chance but is a __________________ process. (Take care of spelling)

Related Topics

More Business Study Quizzes

Business Correspondence MCQ Quiz With Answers

Here is an interesting quiz about 'Business Correspondence' that will assess your knowledge of Business Letters. So, if you think you have a good understanding of this topic, then you must take this quiz as it will prove...

Questions: 10 | Attempts: 19577 | Last updated: Sep 21, 2022

Sample Question
Which term below refers to the process of transmitting information from one person or group to another?

Feedback

Communication

Sender

Receiver

A Level Business Quiz Questions And Answers

Are you planning to start a new business or grow up the existing one? You can take this A Level Business quiz and see what your understanding of running a business is. We have prepared a set of questions for you that will help...

Questions: 40 | Attempts: 11344 | Last updated: Jul 24, 2022

Sample Question
A business has to raise prices to pay higher wages. Which stakeholder is affected least?

Workers

Shareholders

Managers

Customers

GCSE Year 10- Business Studies Exam Preperation Quiz

Questions: 20 | Attempts: 5653 | Last updated: Mar 22, 2022

Sample Question
Which of the following would not be included in the business planwhen planning to open a brand new business?

Financial predictions

Market research

Last years profit and loss figures

Aims and objectives