Nature and significance of management Quiz-3

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

Rohan works as a production manager in Global Enterprises Limited. He has been given the task of getting 1000 units of hand woven table mats manufactured at the cost of ₹150 per unit within 10 days. In order to be acknowledged as an effective manager, he must ensure that

• The cost of production does not exceed ₹150 per unit
• The work is completed within 10 days even at higher cost per unit
• The cost of production is less than ₹150 per unit
• All of the above

Jay is working as a marketing manager in a company. Has been given the task of selling 100000 units of a product at the cost of ₹100 per unit within 20 days. He is able to sell all the units within the stipulated time, but had to sell last 1000 units at 20% discount in order to complete the target. In such a situation, he will be considered to be

• An efficient manager
• An effective manager
• Both effective and efficient manager
• None 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