Tag: importance of management

Quizzes (3) Questions (84)

Questions Related to importance of management

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 a concept? Select correct option:

  1. Leadership

  2. Total quality management

  3. Human resource management

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

Leadership, TQM, and HRM are recognized management concepts. IQ (Intelligence Quotient) is a psychological metric, not a management concept.

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

A firm business income is nil/negative. It shall still be allowed as deduction on account of remuneration to working partner to the maximum extent of _____________________________.

  1. Actual remuneration paid as specified in partnership deed

  2. Rs. 50, 000

  3. Nil

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the Income Tax Act, if a firm has a loss or nil income, it is still allowed a deduction for remuneration to working partners up to a maximum of Rs. 50,000.

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

The classic feature of administration is that ________.

  1. it is concerned with policy making

  2. it is concerned with policy implementation

  3. it is legislative

  4. both a & c
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Administration refers to the legislation of a particular matter of work. Administration is concerned with the policy making of an organization where different administrative process are adopted in order to make several policies of the company. 

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.