CHAPTER 1 VARDAAN COMMERCE CLASSES Helpline no.

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MCQ (1MARKS ) Total 50 marks
Q1.Which one of the following statements is not correct? Q2.Which one of the following is not an importance of
(a) Management is a goal-oriented process. management?
(b) Management is a continuous process. (a) Integrating various interest groups
(c) Management is a dynamic process. (b)Developing society
(d) Management is a rigid process. (c) Disciplining employees

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(d) Inculcating creativity
Q3.Managing Director is the position of ___ level of
management in a large company. Q4.Management is multidimensional because it has ___

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(a) Top dimension(s).
(b) Middle (a) One

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(c) Lower (b) Two
(d) Middle and Lower (c) Three
(d) Four

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Q5.Management is a ___ directed process as it aims
at achieving specified goals. Q6.This function of Management related to placing the right person

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(a) Continuously at the right job is
(b) Future (a) Organising

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(c) Goal (b) Staffing
(d) Deliberately (c) Planning

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(d) Controlling
Q7.Which of the following is not a designation related
to middle level management? Q8.The main task of this level of management is to determine the

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(a) Operations Head overall organisational objectives and strategies for their
(b) Sales Manager realisation.

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(c) Chief Operating Officer (a) Operational management
(d) Divisional Manager (b) Middle level management

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(c) First line managers
Q9.In which category does management fall? (d) Top level management

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(a) Well-established profession
(b) Semi-profession Q10. Which of the following is not a designation related to lower
(c) Emerging profession level management?

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(d) Marginal profession (a) Formen
(b) Supervisors
Q11. Management is considered important because (c) Section officers

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(a) It helps an organisation to adapt to the changes (d) Marketing Manager
(b) Seeks to integrate individual efforts
(c) It helps in development of the society Q12.. Which of the following is not an organisational objective of

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(d) All of the above management?
(a) Earning enough revenue to cover costs

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Q13.. Management is said to be poor if it is
(b) Earning sufficient profits to cover risks of business
(a) Efficient but ineffective
(c) Increase in the prospects of business in the long run
(b) Effective but inefficient
(d) Providing free education to their employees children
(c) Both inefficient and ineffective

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(d) All of the above

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Q14. People in the organisations carry out diverse tasks with the aim to achieve Q15.. Effectiveness relates to
(a) Different objectives (a) Doing the right task
(b) Common objectives (b) Completing activities

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(c) Both of the above (c) Achieving goals
(d) None of the above (d) All of the above

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Q16. Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Identify the feature of management

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being highlighted in the given statement.
(a) Management is all pervasive

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(b) Management is a goal oriented process
(c) Management is a continuous process

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(d) All of the above
Q17. Keeping in view the changes in the consumer demands and preferences ‘Tasitemaker Bakery’ has reduced the sugar and
fat content in its products. This approach of business shows that management is
(a) An intangible force
(b) A group activity
(c) A dynamic function
(d) A multidimensional activity
Q18. A manager applies various theories of management in his/her unique personalized way. What aspect of nature of
management does this statement indicate?
(a) Management as a science
(b) Management as an art
(c) Management for amateurs
(d) Management as an authority
Q19.. Managers in India do the same work as managers in USA or Japan or Germany. Which characteristic of
management is highlighted in this statement?
(a) Management is a group activity
(b) Both (a) and (c)
(c) Management is all pervasive
(d) Management is effective
Q20. “Any one can be called a manager irrespective of the educational qualification possessed.” Identify the characteristic
of the profession that management does not fulfil in the statement being discussed above.
(a) Ethical code of conduct

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(b) Professional association
(c) Restricted entry

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(d) Service motive

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Short Question And Answers (2 Marks)

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Q.2 Write and briefly explain any two important of management.
Q.2 Write and briefly explain organisational objective of management.

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Q.3 Differentiate between effectiveness and efficiency.

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Q4. In order to be successful an organization must change its goals according to the need of the environment. Identify and
briefly explain the characteristic of management in highlighted in the statement?

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Q.5.To meet the objectives of the firm the management of Angora Ltd. Offer employment to physically challenged persons .
Identity and briefly explain the organizational objective it is trying to achieve.

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Long Question And Answers (5 marks)

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Q.1 What is meant by management. Also Explain any three feature
of management?

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Q.7 Describe nature of management as a science.

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Q.3. XYZ Power Ltd. set up a factory for manufacturing solar lanterns in a remote village as
there was no reliable supply of electricity in rural areas. The revenue earned by the company
was sufficient to cover the costs and the risks. The demand of lanterns was increasing day

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by day, so the company decided to increase production to generate higher sales. For this
they decided to employ people from the nearby villages as very few job opportunities were
available in that area. The company also decided to open schools and creches for the

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children of its employees.
(i) Identify and explain the objectives of management discussed above.

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(ii) State any two values which the company wanted to communicate to the society.

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Q.4 Dheeraj, Neeraj and Suraj are three friends. They work in the same company. They are managers but they
belong to three different levels of management. Every day they meet and discuss their work with each
other. One day they were having a conversation.

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Dheeraj said, “These days I am having a lot of problems motivating the people at Shop Floor. I have
decided to purchase two new machines. I know I will have to set an example by being the best leader.”
Neeraj said, “I am having problem with knowing the exact requirement of people in my department.

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Different polices have to be informed to the employees so that they become aware of our company’s
goals. I also have to coordinate with other departmental heads to know their requirements.”

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Suraj said, “I have to decide for long term. I know I will be ultimately responsible for every activity. All the
policies and strategies require a lot of planning before formulation.”

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In the above case identify the different levels of management these three friends belong to.And also write any two
function performed by them.

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