Business Studies: Nature And Significance Of Management Quiz

10 Questions | Total Attempts: 1248

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Business Study Quizzes & Trivia

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)
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