NATURE AND SIGNIFICANCE OF MANAGEMENT QUESTIONS WITH ANSWERS 1 What is meant by Effectiveness in Management Answer Effectiveness in management is concerned with doing the right task completing activities and achieving goals In other words it is concerned with the end result 2 How does coordination ensure unity of action in Management Answer Coordination acts as the binding force between departments and ensures that all actions are aimed at achieving the goals of the organisation 3 State any one characteristic of co ordination Answer Coordination is pervasive 4 How does management help in increasing efficiency Answer A manager reduces cost and increases productivity through better planning organizing directing staffing and controlling the activities of the organization 5 In order to be successful an organisation must change its goals according to the needs of the environment Which characteristics of management are highlighted in this statement Answer It is highlighting management is dynamic functioning 6 To meet the objectives of the firm management of Angora Ltd Offers employment to physically challenged persons identify the organisational objective it is trying to achieve Answer It is trying to achieve social objectives 7 Name the level of management involved in i Overseeing the activities of workers Answer Supervisory level ii Taking key decision Answer Top level 8 Give any two functions of middle level Answer Any two functions of middle level are a Interpretation of policies farmed by top level management b Recruitment selection of employees 9 Which function of management is known as essence of management Answer Coordination is considered as essence of management 10 Management of any organisation strives to attain different objectives Enumerate any two such objectives Answer Any two objectives are a Organisational objectives b Social objectives 11 Give any two characteristics of management Answer Any two characteristics of management are a Management is multi dimensional b Management is a dynamic function 12 Give any two important aspects of management Answer Any two important aspects of management are a It helps in achieving group goals b Management improves efficiency 13 What do you mean by efficiency Answer It refers to minimum wastage of resources or completing the task with minimum cost 14 Which aspect of management binds all the functions of management Answer Coordination Answer Staffing 15 Name the function of management which injects life in the organisation 16 Name the function of management which ensures work accomplishment as per plan Answer Controlling