Grade: XII
Subject: COMMERCE
Unit Number: 3 Unit Name: Management
Topic Name: Management-Meaning,
Nature and Importance
Question 1.
Successful organisations do not achieve goals by chance but by following a
deliberate process known as
(a) Planning
(b) Co-ordination
(c) Controlling
(d) Management
Answer: (d) Management
Question 2.
Management is essential for the organisations which are
(a) Non-profit organisations
(b) Service organisations
(c) Social organisations
(d) All of the above
Answer: (d) All of the above
Question 3.
Management contains a series of interrelated functions that include
(a) Planning
(b) Organising
(c) Directing
(d) All of the above
Answer: (d) All of the above
Question 4.
People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
, (c) Both of the above
(d) None of the above
Answer: (b) Common objectives
Question 5.
Successful management ensures that
(a) Goals are achieved with least cost
(b) Timely achievement of goals
(c) Both of the above
(d) None of the above
Answer: (c) Both of the above
Question 6.
Efficiency is concerned with
(a) Doing the right thing
(b) Doing things right
(c) Minimising cost
(d) None of the above
Answer: (b) Doing things right
Question 7.
Effectiveness relates to
(a) Doing things right
(b) Completing activities
(c) Achieving goals
(d) All of the above
Answer: (d) All of the above
Question 8.
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
(a) The cost of production does not exceed ₹150 per unit
(b) The work is completed within 10 days even at higher cost per unit
(c) The cost of production is less than ₹150 per unit
(d) All of the above
Subject: COMMERCE
Unit Number: 3 Unit Name: Management
Topic Name: Management-Meaning,
Nature and Importance
Question 1.
Successful organisations do not achieve goals by chance but by following a
deliberate process known as
(a) Planning
(b) Co-ordination
(c) Controlling
(d) Management
Answer: (d) Management
Question 2.
Management is essential for the organisations which are
(a) Non-profit organisations
(b) Service organisations
(c) Social organisations
(d) All of the above
Answer: (d) All of the above
Question 3.
Management contains a series of interrelated functions that include
(a) Planning
(b) Organising
(c) Directing
(d) All of the above
Answer: (d) All of the above
Question 4.
People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
, (c) Both of the above
(d) None of the above
Answer: (b) Common objectives
Question 5.
Successful management ensures that
(a) Goals are achieved with least cost
(b) Timely achievement of goals
(c) Both of the above
(d) None of the above
Answer: (c) Both of the above
Question 6.
Efficiency is concerned with
(a) Doing the right thing
(b) Doing things right
(c) Minimising cost
(d) None of the above
Answer: (b) Doing things right
Question 7.
Effectiveness relates to
(a) Doing things right
(b) Completing activities
(c) Achieving goals
(d) All of the above
Answer: (d) All of the above
Question 8.
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
(a) The cost of production does not exceed ₹150 per unit
(b) The work is completed within 10 days even at higher cost per unit
(c) The cost of production is less than ₹150 per unit
(d) All of the above
