CBSE Class 12 Business Studies Nature And Significance of Management Case Studies

Class 12 Business Studies Practice Set: Chapter 01 Nature and Significance of Management

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Nature and significance of management.
 
1. “Effectiveness means doing the task correctly and with minimum cost”
(True/false)
 
2. “High efficiency is associated with high effectiveness”
(True/false)
 
3. “Planning cannot prevent problems”
(True/false)
 
4. Coordination is a function of management
(True/false)
 
5. Management is the activity of top level only.
(True/false)
 
6. Complete the sentence:
Management is concerned with the efficient use of resources, because ……………
 
7. …………… function of management examines the activities and resources required to implement the plan.
 
8. …………… function of management is also known as the human resource function.
 
9. ……………… function of management decides who will do a particular task, where it will be done, and when it will be done.
 
10. ……………….. Function of management monitoring organizational performance towards the attainment of organizational goals.
 
11. which is not a function of management of the following :
a) Planning
b) staffing
c) cooperating
d) controlling
 
12. Coordination is :
a) function of management
b) the essence of management
c) an objective of management
d) None of the above.
 
13. Policy formulation is the function of :
a) Top level management
b) middle level management
c) operational management
d) all of the above
 
14. Define Management.
 
15. Name any two important features of management.
 
16. Why management is considered a multi- faceted concept?
 
17. Identify the level of management for the following positions :
a) Managing Director
b) Marketing Manager
c) Section Officer
d) Research Manager
e) personnel Manager
 
18. identify the level of management engaged in the following activities :
a) Developing day to day work schedule.
b) Analyse the business environment.
c) Laying down broad guidelines.
d) Represent workers grievances.
e) strategic decision making
 
19. “Management is regarded as an Art by some, as science or as an inexact Science by others. The truth seems to be somewhere in between “ in the light of this statement explain the nature of management.
 
20. What are the objectives of management? Explain briefly.
 
21. “Management is regarded as fully-developed profession “Do you agree? Give reasons.
 
Case Studies
 
22. Dheeraj is working as ‘ Operations Manager ’ in Tifco Ltd. Name the managerial level at which he is working ? State any four functions he will perform as ‘Operations Manager’in this company.
 
23. Volvo Ltd.’s target is to produce 10000 shirts per month at a cost of Rs. 100/- per shirt. The Production Manager achieved this target at a cost of Rs. 90/- per shirt. Do you think the ‘Production Manager’ is effective? Give one reason in support of your answer.
 
24. Yash Ltd. is facing a lot of problems these days. It manufactures electronic goods like washing machines, microwave ovens, refrigeration and airconditioners. The company’s margins are under pressure and the profits and
market marketing department blames production department for producing goods, which are not of good quality to meet customers ’ expectations. The finance department blames both production and marketing departments for declining return on investment and bad marketing. What quality of management do you think the company is lacking? Justify your answer. State the importance of the concept identified in (a)
 
25. Aman, Ahmad and Ally are partners in a firm engaged in the distribution of dairy products in Maharashtra state. Aman is a holder of Senior Secondary School Certificate from Central Board of Secondary Education with Business
Studies as one of his elective subjects. Ahmad had done his post-graduation in History and Ally in dairy farming. One day there was a serious discussion between Ahmad and Ally regarding the nature of management. Ahmad argued
that management was a profession whereas Ally argued against it saying that the legal and medical professions are the only professions because they fulfill all the conditions of profession. Aman on the basis of his knowledge of
business studies explained the nature of management as a profession to Ahmad and Ally. Explain, how Aman would have satisfied both Ahmad and Ally.
 
26. To meet the objectives of the firm, the management system of Bhavya Ltd. offers employment to physically challenged persons. Identify the organizational objective it is trying to achieve. Give reason in support of your
answer.
 
27. Sonali is the manager of a large company manufacturing garments for kids. She plans her winter collection in the month of August itself. Then, she ensures that there is adequate workforce. She continuously monitors whether
production is proceeding according to plans. She asks the marketing department to prepare their promotional and advertising campaigns also. Identify and explain the concept of management explained in the above para. What characteristic does the above para highlight?
 
28. H. Tech Ltd. is a company producing IT services. The company’s profits are enough for the survival and growth. The management of the company believes
that a satisfied employee creates a satisfied customer, who in turn creates profits that lead to satisfied shareholders. So, it pays competitive salaries and perks to its all employees. All the employees are happy working in the organization because of personal growth and development. The company has a strong sense of social responsibility. It has set up an Engineering College in which one-third of the students are girls to whom the company gives 50% scholarship. Is the management of H. Tech Ltd. fulfilling its objectives? Justify your answer by giving reasons.


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Practice Worksheet and Study Resources for Class 12 Business Studies Chapter 01 Nature and Significance of Management

CBSE Practice Material: Class 12 Business Studies Chapter 01 Nature and Significance of Management

Explore reliable practice questions for Chapter 01 Nature and Significance of Management tailored for Class 12 Business Studies learners. Use these structured worksheets to evaluate preparedness and strengthen problem-solving skills.

NCERT-Aligned Questions and Solutions

Cross-reference your completed exercises with comprehensive NCERT solutions for Class 12 Business Studies to ensure absolute clarity across all sub-topics in this chapter.

Next Steps in Your Exam Preparation

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