List of top Business Studies Questions on Nature and Significance of Management

State any four functions performed by middle level managers.
Explain the following points of importance of coordination :
(i) Growth in size
(ii) Specialisation
State any four characteristics of management.
State any four features of coordination.
State any four points of importance of management.
Read the following statements carefully :
Statement I : The entry to a profession is not restricted either through an examination or through acquiring an educational degree.
Statement II : There is no restriction on anyone being designated or appointed as a manager in any business enterprise irrespective of the educational qualifications possessed.
In the light of the given statements, choose the correct alternative from the following :
What is co-ordination?
Define management as a modern concept.
‘Management is universal’. What does it mean?

“Management of people” has dimensions of:

"A manager applies the acquired knowledge in a personalised and skillful manner in the light of the realities of a given situation.” Identify the nature of management of reflected from the above lines.
Identify and state the nature of management discussed in the above case.
Three friends, Aman, Ashish and Ashi after completing their MBA from a reputed management institute, formed a start up named ‘Solutions’. The goal of the start up was to make a social and environmental impact through its services. ‘Solutions’ supports social business ideas to improve living conditions in slums of Mumbai. As all the three friends are specialised in social work, they adopted three different slums of Mumbai and started educating the slum dwellers in their own creative manner. Aman used ‘playway method’, Ashish used ‘music’ as a method of learning while Ashi used ‘activity based method of learning’. They used basic knowledge in their unique manner and were able to educate the slum dwellers.
It implies that skillful and personal application of acquired knowledge varies from individual to individual in achieving desired results.
A multinational sweets and snacks company had been into catering business for the last many years. To add to its prospects and to grow in the long run, it wants to increase its sales volume, the number of products and capital investment.
The organisational objective of management it seeks to achieve is :
Which of the following statement is correct about personal selling?
The key position of top-level management is___.
”Management always works by keeping an end result or aim of the organisation. All activities of managers are directed towards the end result.” From the above statement, identify the feature of management.
Akash Industries has installed a waste recycling plant in its premises and does not dump their waste material anymore. This plant is providing employment to many people. Identify the objective of management which the company is achieving by doing the aforesaid activity.
Coordination unifies unrelated interests into purposeful work activity. Identify the nature of it.
Explain any one point of importance of the concept identified in (a).
Identify and explain the concept of management discussed in the above paragraph.
The activities involved in managing the enterprise are common to all organisations whether economic, political, or social. Identify the feature of management:
________ means doing the task correctly and with minimum cost.
Three friends, Aman, Ashish, and Ashi, after completing their MBA from a reputed management institute, formed a startup named ’Solutions’. The goal of the startup was to make a social and environmental impact through its services. ’Solutions’ supports social business ideas to improve living conditions in slums of Mumbai. As all the three friends are specialised in social work, they adopted three different slums of Mumbai and started educating the slum dwellers in their own creative manner. Aman used ’playway method’, Ashish used ’music’ as a method of learning while Ashi used ’activity-based method of learning’. They used basic knowledge in their unique manner and were able to educate the slum dwellers. It implies that skillful and personal application of acquired knowledge varies from individual to individual in achieving desired results.

(a) Identify and state the nature of management discussed in the above case.
State any three points of importance of the function identified in (i) above.