Commerce Accountancy

Business and Project Management

1,444 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 stated that management means, "Getting things done through and with people"?

  1. James

  2. Koontz and O'Donnell

  3. Haimann

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

The definition 'Getting things done through and with people' is famously attributed to Harold Koontz and Cyril O'Donnell.

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

The five elements in the management process are __________.

  1. plan, update, lead, and supervise

  2. organize, plan, control, staff and manage

  3. plan, organize, staff, lead and control

  4. plan, lead, organize, manage and control
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Management is a dynamic process of getting things done by others with the aim of achieving common goals effectively and efficiently. Management process includes all the function that are followed by a manager as a managerial action which includes planning, leadings, organizing, managing and controlling. 

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 not an element of the management process?

  1. Pricing

  2. Staffing

  3. Planning

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

Management is a dynamic process of getting things done by others with the aim of achieving common goals effectively and efficiently. Therefore, pricing is not an element of the management process as it is the part of marketing strategy of a company and does not relates to directly influencing human behaviour. 

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

Which is not a basic function of the management processes?

  1. Controlling

  2. Organizing

  3. Working

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

Management is a dynamic process of getting things done by others with the aim of achieving common goals effectively and efficiently. Management process includes all the function that are followed by a manager as a managerial action which includes planning, leading, organizing, managing and controlling. Therefore, working is not a basic function of planning. 
Multiple choice business organisation importance of management introduction and characteristics of management meaning, nature and importance of management basics of management

Empirical approach of management says that ________.

  1. understanding of management is based on study and analysis of different cases

  2. understanding of management is based on study and analyse of interpersonal skills.

  3. understanding of management to decision making power of management

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The empirical approach to management focuses on learning from past experiences, case studies, and the analysis of successful or unsuccessful management practices. This allows managers to apply lessons learned from history to current situations.

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

Management is a _______.

  1. dynamic process

  2. continuous process

  3. both (a) and (b)

  4. none of the above.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Management is a dynamic as well as continous. Management is a dynamic process because it keeps on changing with the changes that takes place in environment. It is continous process because it is the act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively. It continues till the goals are achieved by organisation.

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

Mathematical approach to management is closely related to ________.

  1. empirical approach of management

  2. inter personal behaviour approach of management

  3. corporate approach of management

  4. decision theory approach of management
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Mathematical approach to management is closely related to decision theory approach. As per this approach analysis and use of mathematical model is the main work of management.

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, employees

  3. people, people

  4. manager, people,
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Hicks defines management as the process of getting things done by the people and through the people, emphasizing the human element in organizational achievement.