12th B.ST- CHP 1 - QUIZ 3

Identify the nature of management where it is practiced as personal application of existing knowledge to achieve desired results.

• Management as an art

• Management as an Science

• Management as an Profession

• Management as both are and and science

Identify the nature of management when it is said to be a systematized body of knowledge that explains certain general truths.

• Management as a science

• Maangement is an art

• Management is a profession

• Management is art and science

To become a Chartered accountant in India a candidate has to clear a specified examination conducted by the Institute of Chartered Accountant of India.

Identify the feature of profession in which the above statement is related.

• Well defined body of knowlege

• Restricted entry

• Professional association

• Ethical code of conduct

We know that all music is based on seven basic notes. However, what make the composition of a musician unique or different is his use of these notes in a creative manner that is entirely his own interpretation.

identify the feature of art to which the above example is related.

• Personalized application

• Based on practice and creativity

• Existence of theoretical knowledge

• None of the above

Name the level of management at which the managers are responsible for implementing and controlling the plans and strategies of the organization.

• Top level

• Middle level

• Operational level

• None of the above

Policy formulation is the function of...

• To level

• Middle level

• Operational level

• None

Authority-Responsibility relationship binds individuals as superiors and subordinates and give rise to different _____ in an organization.

• functions

• levels

• objectives

• policies

Your grandfather has retired as the Director of a manufacturing company.

At which level of management was he working?

• Top management

• Middle management

• Supervisory management

• None

Mr. Hari Mohan and Ms. Malti Rana both are fast friends and working as managers in Mata Fabrics Ltd. They are playing a very important role in the company. Through their efforts quality output is maintained, wastage of material is minimized and safety standards are maintained.

Identify the management level at which they are working

• Top maangement

• Middle management

• Supervisory management

• None

Suhasini is working as a branch manager in Fabmart. In Suhasini's organization the objective is procurement and sale of traditional Indian handloom and handicraft items. They sell fabricsm furnishing, ready-mades and household items made out of traditional Indian fabrics. Suhasini has to decide quantities, variety, colour and texture of all the above and then allocate resources for their purchase from different suppliers or for their inhouse development.

Identify that which function of management is hereby performed by Suhasini

• Planning

• Organizing

• Staffing

• Directing