Tag: management as art, science and profession

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Questions Related to management as art, science and profession

Multiple choice business organisation management - nature, significance and scope management as an art, science and profession management as art, science and profession comparison of business, profession and employment levels and functions of management management functions functions and levels of management

LLP cannot raise funds from public.

  1. True

  2. False

  3. Partly true

  4. Exceptions are there
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A Limited Liability Partnership (LLP) is a private entity. Unlike a public limited company, an LLP cannot raise funds from the general public through the issuance of shares or debentures.

Multiple choice business organisation management - nature, significance and scope management as an art, science and profession management as art, science and profession comparison of business, profession and employment levels and functions of management management functions functions and levels of management

The skill that is required by all level of managers _____________.

  1. Conceptual skill

  2. Technical skill

  3. Human relation skill

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

Human relation skills (or interpersonal skills) are required at all levels of management because every manager must interact with, motivate, and lead people. Technical and conceptual skills vary in importance by level, but human skills are universal.

Multiple choice business organisation management - nature, significance and scope management as an art, science and profession management as art, science and profession comparison of business, profession and employment levels and functions of management management functions functions and levels of management

Invariably to have good human relations a manager should _______________.

  1. Promote & do self appraisal

  2. Direct change and control

  3. Understand the psychology of individual

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

Good human relations require a holistic approach, including self-awareness, understanding individual psychology, and the ability to direct and control organizational change effectively. All these components contribute to a manager's ability to maintain positive relationships.

Multiple choice business organisation management - nature, significance and scope management as an art, science and profession management as art, science and profession comparison of business, profession and employment levels and functions of management management functions functions and levels of management

A project manager in a project management organization is  ________________.

  1. Top level management

  2. Middle level management

  3. Lower level management

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

A project manager typically operates at the middle level of management. They are responsible for implementing the strategies set by top management and overseeing the operational teams at the lower level.

Multiple choice business organisation management - nature, significance and scope management as an art, science and profession management as art, science and profession comparison of business, profession and employment levels and functions of management management functions functions and levels of management

A successful manager has to specialize in art of managing ___________. 

  1. marketing

  2. finance

  3. human resource

  4. all of the above.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A successful manager must be versatile and understand the core functional areas of a business, including marketing, finance, and human resources, to make informed decisions and lead effectively.

Multiple choice business organisation management - nature, significance and scope management as an art, science and profession management as art, science and profession comparison of business, profession and employment levels and functions of management management functions functions and levels of management

Amit, a production supervisor, is responsible for 10 employees who assemble components into a finished product that is sold to distributors. Amit reports to Varun a production manager who n turn reports to Vinay a General Manager who reports to Ajay a vice precident of Amiit and Varun regardng some recent customer concerns in operation. Recently Ajay asked Vinay to have a meeting with the production area. The focus of the meeting was to judge the validity of the customer concerns. and to develop a specific plan to address these concerns. 
The meeting the Ajay, Vinay to have with Varun and Amiit reflects the growing recognition that 

  1. Customer concerns are important only for first-line managers

  2. Customer responsiveness is important throughout the organization not only in the marketing department

  3. Focusing on the customer is the sole responsibility of the marketing department

  4. Employee attitudes and behaviors do not significantly impact customer responsiveness
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The scenario highlights that customer concerns are a cross-functional issue that requires attention from all levels of management, not just the marketing department. This reflects a modern organizational focus on customer responsiveness.

Multiple choice business organisation management - nature, significance and scope management as an art, science and profession management as art, science and profession comparison of business, profession and employment levels and functions of management management functions functions and levels of management

A manager has to stick to the theoretical knowledge of management.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Management is both an art and a science. While theoretical knowledge provides a foundation, a manager must also apply practical judgment and adapt to specific situations, meaning they cannot rely solely on theory.

Multiple choice business organisation management - nature, significance and scope management as an art, science and profession management as art, science and profession comparison of business, profession and employment levels and functions of management management functions functions and levels of management

A skillful manager studies critical situations and formulates his own theories for use in a given situation.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Effective management involves analyzing specific situations and adapting or creating approaches that fit those unique circumstances. This is the essence of applying management as a practical art.

Multiple choice business organisation management - nature, significance and scope management as an art, science and profession management as art, science and profession comparison of business, profession and employment levels and functions of management management functions functions and levels of management

A good manager works through a combination of ___________.

  1. practice & creativity

  2. imagination & Innovation

  3. A or B

  4. A & B
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A good manager balances practice, creativity, imagination, and innovation. These elements are not mutually exclusive but rather complementary in solving problems and driving growth.