CHAPTER-1 NATURE AND SIGNIFICANCE OF MANAGEMENT

Discuss the basic features of management as a profession.

Coordination is

(a) function of management

(b) the essence of management

(c) an objective of management

(d) none of the above

Management is a series of continuous interrelated functions. Comment.

Why is management considered a multi-faced concept?

Policy formulation is the function of

(a) top level managers

(b) middle level managers

(c) operational management

(d) all of the above

''A successful enterprise has to achieve its goals effectively and efficiently.'' Explain.

Ritu is the manager of the northern division of a large corporate house. At what level does she work in the organisation? What are the basic functions?

The following is not an objective of management:

(a) earning profits

(b) growth of the organisation

(c) providing employment

(d) policy making

Coordination is the essence of management. Do you agree? Give reasons.

Name any two characteristics of management.

Management is:

(a) an art

(b) a science

(c) both art and science

(d) neither

Do you think management has the characteristics of a full fledged profession?

Define Management.

Which is not a function of management of the following?

(a) planning

(b) staffing 

(c) cooperating

(d) controlling

Management is considered to be both an art and a science. Explain.