INDUS UNIVERSAL SCHOOL, SAINIKPURI, SECUNDERABAD

(Sri Lakshmi Saraswathi Educational Society and Affiliated to Central Board of Secondary Education, New Delhi)

CHAPTER- NATURE AND SIGNIFICANCE OF MANAGEMENT

1MARK QUESTIONS
1. Most of the MNC’s make some changes in their products before they launch in a specific country. Which
characteristic of management does this statement indicate?
2. Management is multi-dimensional. Enumerate any two dimensions of management.
3. Management consists of an ongoing series of functions. Which characteristic of management is highlighted by
this statement?
4. What is meant by effectiveness in management?
5. What do you mean by management hierarchy?
6. How does management ensure optimum utilization of resources?
7. Rahul is planning to launch a new line of products in two years’ time. However, at present he has reduced its
prices by 10% to retain its existing customers. What are the two main objectives he is focusing at?
8. Management creates a dynamic organization. How?
9. At which level of management the managers are responsible for the welfare and survival of the organization?
10. Identify the nature of management when a manager applies the existing theoretical knowledge in his own
unique manner.
11. Why is management called inexact science?
12. What is the primary reason for coordination?
13. Mention two elements of coordination.
14. Pizza Hut keeps introducing new variety of pizzas in its menu. Which characteristic of management is reflected
in the statement?
15. Schools and Colleges in the USA are changing the way they operate their administration system. Name and
explain the characteristic of management highlighted by this statement

3-4 MARKS QUESTIONS

16. How is coordination an integral part of all managerial functions.

17. What do you understand by levels of management? Explain briefly the various levels.
18. Explain what are the organizational objectives of management.
19. Why is management considered an intangible force?
20. Management process is a series of continuous , composite and inter-related functions, with no pre-determined
sequence” Explain?
21. Write a note on the importance of coordination?
22. A.R.Rehman is the first Indian to win the Oscar award for his composition ‘Jai Ho’. His composition is unique
and different as he has used the singing notes in a manner that is entirely his own interpretation. Like
A.R.Rehman , ‘Nandan’ General Manager in SSLtd. Uses his knowledge of management in a unique and
different manner and all the employees working under his guidance are happy and satisfies. He rewards the
employees who come to office on time.
a) Identify the nature of management highlighted here.
b) State two other ways in which nature of management can be explained.
c) Identify the value that Nandan wants to inculcate in his employees. Also explain how.
23. Hindustan Entertainment Company is organizing circus shows internationally for the last thirty years. Their
shows have been successful across the globe. Of late, their shows are not as popular as they were in the past.
They are thinking of bringing necessary changes in their shows to gain popularity.
a) Identify which characteristic of management they reflect in their business.
b) Suggest the necessary actions or decisions which should be taken at each level of management to improve
business opportunities.
24. An organisation in Japan needs to be managed as much as an organisation in India. Though the way they
manage would vary due to differences in culture, traditions and history.
(a) Name the characteristic of management referred here.
(b) Also, write the nature of management mentioned above.
(c) Also, explain any two characteristics of the nature of management identified above which are present in
management.
25. Mega Ltd. was manufacturing water heaters. In the first year of its operations, the revenue earned by the
company was just sufficient to meet its costs. To increase the revenue, the company analysed the reasons of less
revenue. After analysis the company decided
(i) to reduce the labour cost by shifting the manufacturing unit to a backward area where labour was available at
a very low rate.
(ii) to start manufacturing solar water-heater's and reduce the production of electric water-heater's slowly.
This will not only help in covering the risks, but also help in meeting other objectives too.
(a)Identify and explain the objectives of management discussed above.
(b) State any two values, which the company wanted to, communicate to the society.
26. Mr. Chirag is working as a foreman in a garment manufacturing unit and he supervises 8 employees under him
and makes the day-to-day production plan and other activities. At which level of management he is working.
Also state any three functions performed by him at this level.

5-6 MARKS QUESTIONS

22. Describe in brief the functions of middle level management in an organization

.
23. Management is a profession like medical or legal profession. Do you agree? Give reasons in support of your
answer.
24. Anything minus management is zero. In the light of this statement explain the importance of management.
25. Briefly explain the concept of management.
26. The hierarchy of relationships gives rise to different levels of management. Discuss the various functions and
responsibilities performed by managers at different levels of management.