Business Studies - Class XII - Chapter 1

Successful organisations do not achieve goals by chance but by following a deliberate process known as-

• Planning

• Co-ordination

• Controlling

• Management

Management is essential for the organisations which are

• Non-profit organisations

• Service organisations

• Social organisations

• All of the above

Management contains a series of interrelated functions that include

• Planning

• Organising

• Directing

• All of the above

People in the organisations carry out diverse tasks with the aim to achieve

• Different Objectives

• Common Objectives

• Both of the above

• None of the above

Successful management ensures that

• Goals are achieved with least cost

• Timely achievement of goals

• Both of the above

• None of the above

Efficiency is concerned with

• Doing the right thing

• Doing things right

• Achieving end results

• None of the above

Effectiveness relates to

• Doing the right task

• Completing activities

• Achieving goals

• All of the above

Management is said to be poor if it is

• Efficient but ineffective

• Effective but inefficient

• Both inefficient and ineffective

• All of the above

Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Identify the feature of management being highlighted in the given statement.

• Management is all pervasive

• Management is a goal oriented process

• Management is a continuous process

• All of the above

Management is equally important to run a political organisation as it is to run an economic organisation. Which feature of management is being reflected in the given statement?

• Management is goal oriented

• Management is multidimensional

• Management is all pervasive

• Management is a group activity