List of top Business Studies Questions on Principles and Functions of Management

Write any two features of coordination.

State any one internal source of recruitment.

A company hired consultants to restructure departments for better efficiency. Identify the management function.

Which of the following best reflects that management aims at achieving results through others?

Direction (Q1-Q5): Read the passage given below and answer question.

Sunrise Solar Solutions is experiencing rapid growth in the demand for its residential solar panel installations in Gurugram. To manage this expansion, the CEO, Mr. Sharma, held a meeting with his senior managers. During the meeting, Mr. Sharma outlined the company's goal of increasing installation capacity by 25% over the next fiscal year to capitalize on the booming market. Following this, the Operations Manager, Ms. Verma, began grouping the increasing number of installation teams geographically and assigning specific service areas to each team to ensure efficient coverage. The HR Manager, Mr. Khan, was tasked with determining the number of new technicians and support staff required and developing a recruitment drive to fill these positions. As the new teams were onboarded, the Installation Supervisor, Mr. Singh, personally explained the new installation protocols and provided hands-on training to ensure quality and safety. Finally, the Finance Manager, Ms. Das, implemented a system to track the actual number of installations against the set targets and identify any deviations requiring corrective action.

Give the meaning of ’Directing function of management. State any two features of Directing.

Match List-I with List-II.

List-I (Function of Management)	List-II (Merit/Meaning)
(A) Planning	(I) Bridging the gap between where we are and where we want to go
(B) Motivation	(II) Process of instructing, guiding, and leading people to achieve organizational objectives
(C) Directing	(III) Inducement to act in a certain manner
(D) Controlling	(IV) Ensuring activities are performed as per plans

Choose the correct answer from the options given below :

Organisational barriers include:
(A) Status
(B) Rules and regulations
(C) Complexity in Organisation
(D) Lack of Attention
Choose the correct answer from the options given below:

Which of the following is the function of Top-level management?

‘Memo Builders’ was constructing a five star hotel for a leading hotel chain. The hotel had to be given possession by next year but the construction of the hotel was running six months behind schedule. The Chief Executive Officer of ’Memo Builders’ was concerned as Memo Builders was known for its quality and timely completion of projects. He asked Nitin, the senior of the Project Head for a thorough investigation. Nitin investigated and reported to the Chief Executive Officer that inspite of huge absenteeism of workers, additional workers were not called. Nitin also reported to the Chief Executive Officer that three of the ten machines being used by the workers were defective. Nitin ordered for repair of the machines and asked the Project Head to appoint additional workers with attractive wages to ensure that the deadline is met.

The G20 Summit was organised in India. The government left no stone unturned to make G20 summit a success.
At the higher level, the work to be performed was identified and grouped to enable people to work most effectively together for accomplishing 27 objectives. This involved building infrastructure, beautification of the city. hospitality, security arrangements etc. Duties were assigned to different job positions which led to establishment of clear relationships. This helped in creating a hierarchical structure and in co-ordination amongst all working for the summit

Statement 1: The objective of financial management is to maximize shareholders' wealth.
Statement 2: The shareholders gain if the value of shares in the market increases. Choose the correct option from the following:

Nishtha runs a chain of famous restaurants, ’Indian Kitchen’, in different parts of Delhi. The restaurant chain was known for good quality food and quick service. ‘Indian Kitchen’ was generating good revenue and had goodwill in the market. Nishtha would take a weekly report from all the Restaurant Managers and take necessary action to resolve the problems, if any. Nishtha noticed a sudden decline in sales in one of the restaurants. She questioned the Restaurant Manager who mentioned that the restaurant is seeing a gradual decrease in the number of customers, but could not provide a clear explanation for it. So, Nishtha formed a team to find out the causes of the declining customers as this is the key area for restaurant business and is critical to the success of business. By doing this, Nishtha is performing a step of the process of a function of management.

Aakash delegated some of his non-core activities to Sumit, his subordinate. It developed Sumit's ability to deal effectively with challenges and helped him to realise his full potential. Identify the importance of organizing from the given paragraph.

Kanan is working in StarPro Ltd. He ensures that his department has necessary workforce and he co-operates with other departments for smooth functioning of the organisation. At which level Kanan is working?

Even the most efficient managers can not handle all the work himself. So it is a pre-requisite to the efficient functioning of an organisation which enables him to focus on high priority activities. Identify the term being reflected above.