Chapter :- 1

•Nature and Significance of Management

•Objectives of Management
•Management as an Art, Science and Profession
•Levels of Management
•Functions of Management
•Coordination – The Essence of Management
 Management

Management is the process of getting things done with

and through others effectively and efficiently with the
aim of achieving goals.

The concept of management insist on three things :-

• Process
•Effectiveness
•Efficiency
Process:- It refers to series or sequence of various steps. It is a
process because it performs a series of function which includes
planning, organising, staffing, directing and controling.

Effectiveness:- It is concerned with the end result . The

effectiveness means finishing the given task or goal with in the
time limit.

Efficiency:- It refers to do the task in the right way that is with

minimum cost . It is concerned with optimum utilisation of
resources.
 MCQs & CASE STUDIES

Q1. “Management has to see that the task are completed and
goals are achieved with the least amount of resources at a
minimum cost”. Identify the two related concept of
management.

(a) Coordination and planning

(b)Effectiveness and efficiency
(c) Management and administration
(d)Planning and controlling
 MCQs & CASE STUDIES

Q2. “Sucessful organisation do not achieve their goals

by chance but by following a deliberate process” . This
process is called as

(a) Coordination
(b)Effectiveness
(c) Management
(d)Staffing
 MCQs & CASE STUDIES

Q3. Production manger of GS ltd. Was able to produce

the desired output with minimum cost but not with in
the required time. In this case the manager was:

a) Effective only
b) Efficient only
c) Neither effective nor efficient
d) Both effective and efficient
 MCQs & CASE STUDIES

Q4. During the Diwali season GS Ltd. received the order

of 50,000 sweet boxes which is to be delivered in 12 days ,
failing which the contract will be null and void . To
complete this the management outsource the production so
that it can be deliver on time. The outsourcing result in
increase in cost by 30%.
•Do you think the management perform duties effectively
and efficiently.
•Briefly discuss about the two points.
 MCQs & CASE STUDIES
Q5. GS Ltd. A pen manufacturing company set the target of 500
pen per month at a estimated cost of Rs. 10 per pen. Ram a
worker manufacture 550 pen but at an estimated cost of Rs. 12 .
On the other hand Shyam produced only 450 pen @ of Rs. 9 per
pen. Third worker Mohan produced 500 pen @ Rs. 10 per pen.
•Identify the concept discussed in above case study.
•Identify the quality possessed by Ram, Shyam and Mohan and
what they are lacking.
•Which worker is preferred by the management.
 MCQs & CASE STUDIES

Q6. GS Ltd. Targeted the production of 1000

units in a month . To achieve this target manager
operates in double shift . The manager is able to
produce 1000 units but at higher cost.
•Is the manager is effective and efficient? Give
reason.
•Briefly discuss about the two points.
Thank you