Commerce Accountancy

Business and Project Management

1,146 Questions

Business and project management focus on organizational resources, strategic planning, and time management techniques used to achieve corporate objectives. It includes theories of administration and continuous improvement processes. Review these commerce and management questions to prepare for business administration sections in competitive exams.

Strategic managementTime managementOrganizational resourcesAdministration principles

Business and Project Management Questions

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Who said " Management is a social and technical process that utilizes resources, influences human action and facilitates changes in order to accomplish an organization's goals".

  1. Rovert Kreitner

  2. Joseph Massie

  3. Michael Jucius

  4. Henry Sisk
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Joseph Massie defined management as a social and technical process that utilizes resources, influences human action, and facilitates changes to accomplish organizational goals.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

"Management is the function of getting things done through people and directing the efforts of individuals towards a common objective". It is observed by -  

  1. Haimann

  2. Koontz and O'Donnell

  3. Hick

  4. Henry Fayol
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Theo Haimann is the author who defined management as the function of getting things done through people and directing the efforts of individuals towards a common objective.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Who said " Management is a process of working with and through others to achieve organizational objectives in a changing environment, central to this purpose is the effective and efficient use of limited resources."

  1. Rovert Kreitner

  2. Joseph Massie

  3. Michael Jucius

  4. Henry Sisk
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Robert Kreitner defined management as working with and through others to achieve objectives in a changing environment, with emphasis on effective and efficient resource use. This definition highlights both the human and resource allocation aspects of management.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Who said " Management is the coordination of all resources through the process of planning, organizing, directing and controlling in order to attain stated goals".

  1. Rovert Kreitner

  2. Joseph Massie

  3. Michael Jucius

  4. Henry Sisk
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Henry Sisk defined management as the coordination of all resources through the processes of planning, organizing, directing, and controlling to achieve stated goals.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Importance of management _________________________.

  1. It enables the organisation to survive in changing environment

  2. It improves standard of living and increases the profit which is beneficial to business and society.

  3. Management fills up various positions with right persons, having right skill, training and qualification.

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Importance of management :-a) It enables the organization to survive in changing environment
b) It improves standard of living and increases the profit which is beneficial to business and society.
c) Management fills up various positions with right persons, having right skill, training and qualification.Management can be defined as a process of getting things done with the aim of achieving goals effectively and efficiently. In absence of management no organization can run successfully.
Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Haimann observes that,"management is the function of _______________________________ ".

  1. getting things done through people and directing the efforts of individuals towards a common objective.

  2. forecast, and to plan, to organize to command

  3. the process of getting things done by the people and through the people

  4. thinking and utilizing human, material & financial resources in such a manner that would result in best combination.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Hainmann observes that, "management is the function of getting things done through people and directing the efforts of individuals towards a common objective.  He expressed management as an art of getting things done by the people and through the people by directing in order to achieve common goals more efficiently and effectively.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Hick defines management as " the process of getting things done by the _____ and through the ______".

  1. People, Manager

  2. People, employee

  3. People, people

  4. Manager, People
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Hicks defined management as a process that involved people and human science. He expressed management as an art of getting things done by the people and through the people in order to achieve common goals more efficiently and effectively. 

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Which of the following is importance of management?
(1) It arranges the factors of production, assembles and organizes the resources.
(2) It helps the country to keep balanced approached in social order
(3) It utilizes all the physical & human resources productively.
(4) It helps the employees to get stronger trade union.
(5) It get maximum results through minimum input by proper planning and by using minimum input.

Select the correct answer from the options given below :-

  1. (4),(2) & (1)

  2. (3), (2) & (5)

  3. (1) & (3)

  4. (3), (1) & (5)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Following are the importance of management :-
(1) It arranges the factors of production, assembles and organizes the resources.
(3) It utilizes all the physical & human resources productively.
(5) It get maximum results through minimum input by proper planning and by using minimum input.Management can be defined as a process of getting things done with the aim of achieving goals effectively and efficiently. In absence of management no organization can run successfully.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Koontz & O'Donnell state that management means,"Getting things done ____________."

  1. Through people

  2. With people

  3. Through and with people

  4. By the people and through the people
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Koontz & O'Donnell state that management means,"Getting things done by the people and through the people. He expressed management as an art of getting things done by the people and through the people in order to achieve common goals more efficiently and effectively.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Management includes ___________________.

  1. Administrative management

  2. Operative management

  3. Either (A) or (B)

  4. Both (A) & (B)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Management includes :-
a) Administrative management- Administration is concerned with policy-making and management deals with policy implementation.
b) Operative management- Management also looks after the activities and makes sure that all the required activities are done in an effective manner.
Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

As per TQM principles which of the following is problem _________.

  1. Process

  2. People

  3. Both process and people

  4. Government policy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

As per TQM principles, process is problem. TQM is a process of transformation where the old system can no longer be maintained. TQM stands for Total Quality Management

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

It is a process of transformation where the old system can no longer be maintained ____________.

  1. Crisis

  2. Stress Management

  3. TQM

  4. MBO
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

TQM is a process of transformation where the old system can no longer be maintained. TQM stands for Total Quality Management. As per TQM principles process is problem.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Which of the following does not correctly depict the TQM principle?

  1. Every employee is responsible for quality.

  2. Quality is a long-term investment.

  3. People, not Processes, are the problem.

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

People, not processes, are the problem. TQM is a process of transformation where the old system can no longer be maintained. TQM stands for Total Quality Management. As per TQM principles process is problem.

Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Administration is a process of.

  1. Laying down broad policies

  2. Objectives of the organization

  3. Either (a) or (b)

  4. Both (a) & (b)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Administration is a process of laying down broad policies and objectives of the organisation, management directs and guides the operations of an organisation towards realizing the objectives set-forth by the former.
Administration is a process through which decisions are reached. Administration is the process of directing and controlling life in any social organization such as schools or in an industry.
Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

The success of an organization greatly depends on the decisions that managers make. What are the three decision-making conditions, which managers deal with, in analyzing decision alternatives?

  1. Certainty, Uncertainty, Risk

  2. Certainty, Uncertainty, Maximax

  3. Certainty, Minimax, Risk

  4. Maximax, Uncertainty, Risk
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The success of an organization greatly depends on the decisions that managers make. Certainty, Uncertainty and risk are the three decision-making conditions, which managers deal with, in analyzing decision alternatives. These decision making conditions helps to achieve organizational goals and objectives.