CBSE Class 12 Business Studies Chapter 1 Worksheet 3: Nature & Significance of Management

Class 12 Business Studies Chapter 1 Worksheet (Nature & Significance of Management)

Start your board examination practice with the Class 12 Business Studies Chapter 1 (Nature and Significance of Management) worksheet. 

From this worksheet, specially designed for BST teachers and students, you can learn about management characteristics, organizational objectives, levels of management, coordination, and management as an art.

Before you proceed, below are the quick details:
  • Class: 12
  • Subject: Business Studies
  • Chapter Number: 1
  • Chapter Name: Nature & Significance of Management

Table of Contents

Questions Answers

Let's start the worksheet.

Questions

Q1. Shreyansh and Sudhir were close friends and were studying in a reputed engineering college. During campus recruitment in the final year of engineering, both of them got their dream jobs. Shreyansh's consultancy firm was in India, and Sudhir's was a manufacturing firm situated out of India. Both looked forward to joining their respective organizations after completing their engineering degrees.

One month after joining the organization, Sudhir came to India on an assignment, and both friends decided to meet. Shreyansh looked happy and was full of praise for the management of his company. He told Sudhir that there was complete orderliness in his organization and that all employees were happy and satisfied with the work and the working environment. Targets of the organization too were met as per the plans. Sudhir, in contrast, was unhappy with his job and was thus on the lookout for another job.

The characteristic of management being highlighted in the above case by Shreyansh is:

  1. Management is a group activity.
  2. Management is a dynamic function.
  3. Management is an intangible force.
  4. Management is all pervasive.

Q2. Ramesh and Harish are best friends, both working at 'Anuja Garments Ltd.', a company manufacturing designer clothing for women. Ramesh works in the marketing department and aims to increase the sales by 15% by offering discounts. However, Harish, the finance manager, is not giving approval for this discount as it would mean a loss of revenue for the company. This kind of conflict arises in organizations where each department performs activities in isolation from the other. To resolve such issues, there is a need for linking the activities of various departments. The concept of management which integrates the efforts of different departments, and at different levels, is:

  1. Efficiency
  2. Effectiveness
  3. Controlling
  4. Coordination

Q3. Management helps in providing good quality products and services, creates employment opportunities, adopts new technology for the greater good of the people, and leads to the path towards growth and development.

The point of importance of management highlighted above is:

  1. Management helps in achieving group goals.
  2. Management increases efficiency.
  3. Management helps in achieving personal objectives.
  4. Management helps in the development of society.

Q4. 'The task of management is to make people work towards achieving the organizational goals, by making their strengths effective and their weaknesses irrelevant.'

The dimension of management discussed above is:

  1. Management of work
  2. Management of people
  3. Management of operations
  4. Both (A) and (C)

Q5. Menon, a worker in 'Superior Toys Company', was given a task by his superior to produce 100 toys in a week. Menon delegated this task to his subordinates, Rohan and Farhan. Farhan met with an accident and was hospitalized. Rohan could not complete this task even after working more hours than allotted. Who is answerable to Menon's superior for this task?

  1. Farhan
  2. Menon
  3. Both Menon and Rohan
  4. Both Rohan and Farhan

Q6. Akshara runs a business in the name of 'AK Solutions' in a well-reputed area of her city where people provide spaces to students as libraries, study centers, and training and event centers to businesses. Akshara provides only conference halls to big and small enterprises for their meetings and events.

Suddenly, in July 2024, floods affected some libraries and study centers in her neighboring area. The exams were fast approaching, and students were facing a lot of problems as these study centers and libraries had to be closed.

Taking advantage of this opportunity and to help the students, 'AK Solutions' adapted itself to the needs of the environment; they decided to convert some of their conference halls into libraries and study centers. They also decided to provide food and other facilities required by the students at subsidized rates. This initiative increased their business manifold and earned them significant goodwill.

The feature of management highlighted in the above case is:

  1. Management is a continuous process.
  2. Management is an intangible force.
  3. Management is a dynamic function.
  4. Management is a group activity.

Q7. Sadhna, a graduate of a reputed institute of management, is a successful manager. She applies her acquired knowledge in a personalized and skillful manner in difficult situations at work. She uses her imagination and creativity in handling these situations.

The aspect of the nature of management highlighted in the above case is:

  1. Management as an Art
  2. Management as a Science
  3. Management as a Profession
  4. Management both as a Science and as a Profession

Q8. Assertion (A): Coordination ensures unity of action.

Reason (R): Coordination acts as a binding force between departments and ensures that all action is aimed at achieving the goals of the organization.

Choose the correct alternative from the alternatives given below:

  1. Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A).
  2. Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).
  3. Assertion (A) is correct, but Reason (R) is wrong.
  4. Assertion (A) is wrong, but Reason (R) is correct.

Q9. Bimal Rai is working in Funny Bunny Ltd. The company manufactures games and toys for children. The basic task of Bimal Rai is to integrate diverse elements and coordinate the activities of different departments. He also analyzes the business environment and its implications for the survival of the firm. The level of management at which Bimal Rai is working is:

  1. Top level
  2. Operational level
  3. Middle level
  4. Both Middle and Operational level

Q10. 'Silver Mills' started their business as a B2B supplier of high-quality millet seeds. The firm was set up in a backward area of Rajasthan. The firm was earning just enough revenues to cover its cost. Over a period of time, due to rising awareness amongst people about the health benefits of millets and with the year 2023 declared as 'International Year of Millets', the demand for millets increased, and the firm was able to earn profits. This gave a vital incentive to the firm to continue its successful operations. It then expanded its operations and introduced millet flour, millet-based snacks, and millet-based beverages. With the increase in its operations, it provided employment opportunities especially to women, involving them in dehusking, cleaning, and packing of millets.

State the objectives of management highlighted in the above case.

Q11. Shreedar had worked as an Operations Manager at a cab aggregator firm for ten years, gaining in-depth knowledge of the business. He then decided to leave the job and started his own cab aggregator business, 'Easy Cab', with his friend Mukesh. Shreedar became the Chief Executive Officer and Mukesh the Chief Operating Officer in 'Easy Cab'. They decided to initially offer their services only in Goregram. To finance the venture, they applied for a loan to purchase electric cars for their fleet, aiming to provide a sustainable and eco-friendly way to travel.

  1. Identify the level of management at which Shreedar and Mukesh are working in 'Easy Cab'.
  2. State any three functions required to be performed by both Shreedar and Mukesh at the level of management they are working.

Q12. 'Successful organizations do not achieve their goals by chance, but by following a deliberate process called management.'

In the light of this statement, explain any four points of the importance of management.

Answers (Coming Soon)

The End

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A List of Notes:
Chapter 1  |  Chapter 2  |  Chapter 3  |  Chapter 4  |  Chapter 5  |  Chapter 6  |  Chapter 7  |  Chapter 8  |  Chapter 9  |  Chapter 10  |  Chapter 11  |  Chapter 12
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Click here to access more Business Studies Class 12 educational content (worksheets, case studies, MCQs, sample papers, and more).

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