NATURE AND SIGNIFICANCE OF MANAGEMENT MULTIPLE CHOICE QUESTIONS 1 The process of creating an internal environment where individual work effectively and efficiently for achievement of goal is known as 2 When a worker achieves target production of 100 unit at a a Coordination b Management c Delegation d Planning Answer Management higher cost he is a Efficient b Effective c Both Effective and Efficient d None of the above Answer Effective 3 Management is a process because a It involves series of steps b It leads to systematic working c It involves one single activity d None of the above Answer It involves series of steps 4 Management is always denoted by We and not by I because a It is process b It is continuous c It is a group activity d It is intangible Answer It is group activity 5 Management works with the following objectives a Objective of profit maximisation b Objective of sales maximisation c Objective of becoming market leader d Multiple objective Answer Multiple objective 6 A good manager focuses on a Prosperity of management b Prosperity of employees c Prosperity of both management and employees d None of the above Answer Prosperity of both management and employees 7 Managers apply management principles by using creativity This is related to a Management as an Art b Management as Science c Management as a profession d Management as both Science and Art Answer Management as an Art 8 Liaison with the outside world is the function of a Top Level b Supervisory Level c Middle Level d All of the above Answer Top Level the function of 9 Providing good working conditions and ensuring quality work is 10 As Top Level is responsible for the welfare and operations of whole organisation Middle Level is responsible for the welfare and operations of a Top Level b Supervisory Level c Middle Level d All of the above Answer Supervisory Level a Workers b Department c Both a and b d None of the above Answer Department Coordination is 11 a A function of management b Part of Management c An essence of management d None of the above a Planning b Controlling c Directing d Organising Answer Controlling a Management b Controlling Answer An essence of management 12 Which function of management ensures work accomplishment as per plan 13 The process by which a manager integrates and synchronises the activities of different department is called c Planning d Coordination Answer Coordination Coordination is more important in an organisation 14 a Performing or dealing with single function b Performing or dealing with multiple functions c Performing or dealing with manufacturing goods d All of the above Answer Performing or dealing with multiple functions 15 All the businessmen prefer their children to do MBA and then join business This is related to a Management as Science b Management as an Art c Management as both Science and Art d Management as a profession Answer Management as a profession