Nature and Significance of Management
Very Short Q & A
Q1: Define the term 'Management'.
Answer: Management is the function of getting things done
through people and directing the efforts of individuals towards a
common objective. It is the process of conducting a set of function
(planning, organizing, staffing, directing and controlling) to get the
work done in an efficient and effective manner.
Q2: Which force has consisted of the essence of management?
Answer: Co-Ordination.
Q3: Why is it said that management is all-pervasive?
Answer: It is said management is all-pervasive because it is required
in all spheres of business or non-business organization. Management is
essential for all organisations big or small, profit or non-profit,
services or manufacturing.
Q4: List the four objectives of the management.
Answer: Objectives of Management are:
- Achieve maximum output with minimum efforts.
- Optimum use of resources
- Maximum prosperity
- Human betterment and Social Justice.
Q5: "Doing the task with minimum cost"
name the term associated with
management?
Answer: Efficiency
Q6: Which characteristic of management is signified by the following
statement?
Statement:
In organization employees are happy and
satisfied (there is no chaos and effect of
management is noticeable.
Answer: It signifies management is an intangible force.
Q7: "In order to be successful, an organization must change its goals
according to the needs of the environment." Whish characteristics of
management are highlighted in this statement?
Answer: It highlights that management is dynamic functioning.
