Assignment 1st
Chapter 1st
Nature and Significance of Management
Very short answer type questions
1. Management is a process of getting things done State the meaning of
the term process used in this statement.
2. The activities involved in managing an enterprise are common to all
organization whether economic social or political. Which characteristic
of management is highlighted in this statement?
3. What is meant by management?
4. In order to be a successful organization must change its goals
according to the needs of the environment. Which characteristic of
management is highlighted in this statement?
5. To meet the objective of management of Alia limited offer employment
to physically challenged person. Identify the organizational objective is
trying to achieve.
6. “A collection of diverse individuals with different needs but working
towards fulfilling the common organizational goals” this is statement
highlights which characteristic of management?
7. ‘Is management concerned only with doing the right task, completing
activities and achieving goals without taking consideration cost
benefits.’ Give reason to support your answer?
8. Give any two social and personal objectives of management.
9. “Management is considered to be three tire machinery.” Why?
10. How does coordination integrate group efforts? State briefly.
11. How is entry to a profession is restricted ?
12. State any two points which indicates that management is multi-
dimensional.
13. An achievement of which organizational objectives results in “an
increase in sales volume, increase in the number of employees,
number of products, and increase in capital investment”.
14. A company’s targeted production 50,000 units in a year, to
achieve this target manager has to operate double shift due to power
failures. The manager is able to meet the target but at the higher
production cost. Is the manager is efficient or not ?
Short answer type questions
15. ‘Management does not have some features of profession’.
Explain those features.
16. What is meant by ‘Management’? Explain three features that
establish it as an Art.
Or
‘Art is skillful and personal application of existing knowledge to achieve
the desired results and some kind of creativity is required to practice
its basic principles learnt’. Pick up the points from the statement and
explain the same to prove that management is an art.
17. ‘Co-ordination needed at all level of management and it is the
responsibility of all managers’. Explain
18. Describe any five reasons which clarify that management is
gaining importance day by day.
Long answer type questions
19. Without effective management the resources will remain
resources can not be converted in two productive utilities. “do you
agree”? give reasons.
Or
“Success of an organization largely depends on its management”
Explain five reasons to justify your answer.
20. BTU Power ltd. Set up a factory for manufacturing solar lanterns
in the remote village as their was no reliable supply of electricity in
rural area. The revenue earned by the company was sufficient to cover
the cost and the risks. The demand of lanterns was increasing day by
day, so the company decided to increase production to generate
higher sales. For this they decide to employ people from nearby
villages as a few jobs opportunities were available in that area. The
company also decided to open a school and teach the children of its
employees.
A. Identify and explain objectives of management discussed above.
B. State any two values which the company wanted to
communicate to the society.