This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 1 Nature And Significance Of Management – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 13 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Assertion (A):Management does not meet the exact criteria of a profession. Reason (R):Nowhere in the world is it compulsory for a manager to possess any such specific degree. A) Both the statements (A) and (R) are correct and (R) is the right explanation of (A). B) Both the statements (A) and (R) are correct but (R) is not the right explanation of (A). C) Statement (A) is correct but statement (R) is incorrect. D) Both the statements (A) and (R) are incorrect. Show Answer Correct Answer: B) Both the statements (A) and (R) are correct but (R) is not the right explanation of (A). 2. In order to survive an organization must earn enough revenues to cover ..... A) Cost. B) Cause. C) Effect. D) Validity. Show Answer Correct Answer: A) Cost. 3. People in the organizations carry out diverse tasks with the aim to achieve A) Different objectives. B) Common objectives. C) Both of the above. D) None of the above. Show Answer Correct Answer: B) Common objectives. 4. Your grandfather has retired as the Vice President of a manufacturing company. At which level of management was he working: A) Top Level Management. B) Middle Level Management. C) Lower Level Management. D) None of these. Show Answer Correct Answer: A) Top Level Management. 5. What is the method that puts knowledge easily into practice called? A) Profession. B) Science. C) Art. D) Direction. Show Answer Correct Answer: C) Art. 6. What do you mean by efficiency: A) Completing task on time. B) Completing task with minimum cost. C) Completing task on time with minimum cost. D) Not completing task. Show Answer Correct Answer: B) Completing task with minimum cost. 7. A company is suffering losses because production department is producing more output than required and sales department is not able to sell the given output. What quality of management is lacking? A) Coordination. B) Planning. C) Organising. D) Effective. Show Answer Correct Answer: A) Coordination. 8. At which level of management does Rajiv work if he explains the policies of superiors to the employees? A) None of these. B) Lower-level management. C) Middle-level management. D) Top-level management. Show Answer Correct Answer: C) Middle-level management. 9. Under what function of management does the 'corrective action' fall? A) Planning. B) Organising. C) Directing. D) Controlling. Show Answer Correct Answer: D) Controlling. 10. Management ensures: A) Maintaining profits. B) Providing employment ooportunities. C) Maximum utilization of resources. D) Control on cost. Show Answer Correct Answer: C) Maximum utilization of resources. 11. Political science is the study ..... A) Allocation and distribution ofscarce resources. B) Inquire into the nature of things. C) The study of the behavior of individuals andgroups within a political environment. D) Societies,. Show Answer Correct Answer: C) The study of the behavior of individuals andgroups within a political environment. 12. Middle Management: A) Motivate lower level. B) Consists of Departmental Heads. C) Transmits order downwards. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. 'Different Organisations have different goals.' Which feature of Management is highlighted here? A) Management is an Intangible force. B) Management is multi-dimensional. C) Management is a goal-oriented process. D) Management is a dynamic function. Show Answer Correct Answer: C) Management is a goal-oriented process. 14. In order to survive an organization must earn enough revenue to cover cost. Which management objective is highlighted? A) Social objective. B) Personal objective. C) Environmental objective. D) None of these. Show Answer Correct Answer: D) None of these. 15. What is an occupation backed by specialized knowledge and training called? A) Profession. B) Art. C) All of the Above. D) Science. Show Answer Correct Answer: A) Profession. 16. Which level of management sets targets for workforce A) Top level. B) Middle level. C) Lower level. D) Operational level. Show Answer Correct Answer: C) Lower level. 17. Q7 Find out one importance of the concept highlighted in the given case A. Growth in size B. Specialization C. Functional differentiation D. None of the above A) A. B) B. C) C. D) D. Show Answer Correct Answer: B) B. 18. WHICH OF THE FOLLOWING IS NOT THE OBJECTIVE OF MANAGMENT A) PERSONAL OBJECTIVES. B) POLITICAL OBJECTIVES. C) ORGANISATIONAL OBJECTIVES. D) SOCIAL OBJECTIVES. Show Answer Correct Answer: B) POLITICAL OBJECTIVES. 19. Which level of management is responsible for the welfare and survival of organization? A) Middle level. B) Supervisory level. C) Operational level. D) Top level. Show Answer Correct Answer: D) Top level. 20. ..... helps in achieving group goals by giving proper direction to the efforts of all individuals. A) Work. B) Management. C) Society. D) None of these. Show Answer Correct Answer: B) Management. 21. Which of the following is a characteristic of effective management? A) Flexibility. B) Rigid structure. C) Lack of communication. D) Static processes. Show Answer Correct Answer: A) Flexibility. 22. ..... is a systematized body of knowledge that explains certain general truths or operation of general laws. A) Science. B) Art. C) Profession. D) Art and Profession both. Show Answer Correct Answer: A) Science. 23. Management requires team work and ..... individual efforts in common direction. A) Coordination of. B) Delegation of. C) Centralisation of. D) Division of. Show Answer Correct Answer: A) Coordination of. 24. Tata Group tries to achieve ..... objectives by using environmental friendly methods of production. A) Social. B) Economic. C) Organisational. D) Personnel. Show Answer Correct Answer: A) Social. 25. Right person for right job ..... The statement applies to which function of management??? A) Controlling. B) Staffing. C) Directing. D) Managing. Show Answer Correct Answer: B) Staffing. ← PreviousNext →Related QuizzesClass 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 1Class 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 2Class 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 3Class 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 4Class 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 5Class 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 6Class 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 7Class 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 8Class 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 9Class 12 Business Studies Chapter 1 Nature And Significance Of Management Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books