TN Board 12th Commerce Important Questions Chapter 4 Introduction to Financial Markets

Students get through the TN Board 12th Commerce Important Questions Chapter 4 Introduction to Financial Markets which is useful for their exam preparation.

TN State Board 12th Commerce Important Questions Chapter 4 Introduction to Financial Markets

Very short answer questions

Question 1.
What is the classification of the Indian financial system?
Answer:
The Indian Financial System can be broadly classified into

  1. Organized Sector and
  2. Unorganized Sector

Question 2.
List out the components of the Unorganized Sector.
Answer:
The Unorganized Sector consists of

  1. Money Lenders
  2. Indigenous Bankers

TN Board 12th Commerce Important Questions Chapter 4 Introduction to Financial Markets

Question 3.
What is Money Market?
Answer:
Money Market is the market for short-term financial claims (usually one year or less).
Eg: Treasury Bills, Commercial Papers

Question 4.
Explain Spot Market.
Answer:
Spot Market is a market where the delivery of the financial instrument and payment of cash occurs immediately.

Question 5.
What are the facilities provided by Financial Market?
Answer:
Financial Market facilitates business firms as well as Governments to raise funds by issuing and selling different instruments. It also helps investors to facilitate them to invest surplus funds and earn a return.

Question 6.
How for the transaction to be placed in Financial Market?
Answer:
Financial Market transactions may take place either at a specific place or location.
Eg: Stock exchange or other mechanisms such as telephone, telex, or other electronic media.

TN Board 12th Commerce Important Questions Chapter 4 Introduction to Financial Markets

Question 7.
Mention a few Financial Instruments.
Answer:

  1. Financial claims
  2. Assets and
  3. Securities
  4. Debentures
  5. Deposits and Loans
  6. Corporate Stocks and Bonds
  7. Government Bonds

Question 8.
Name the types of Financial Markets.
Answer:

  1. On the Basis of Type of Financial Claim
  2. On the Basis of Maturity of Financial Claim
  3. Time of Issue of Financial Claim
  4. Time of Delivery of Financial Claim
  5. The organizational structure of the Financial Market

Question 9.
How for Financial Assets are classified under different circumstances?
Answer:
Financial Assets can be classified differently under different circumstances. One such classification is

  1. Marketable assets
  2. Non-Marketable assets

Question 10.
Explain Marketable Assets.
Answer:
Marketable assets are those which can be easily transferred from one person to another without much hindrance. Eg: Shares of Listed Companies, Government securities.

TN Board 12th Commerce Important Questions Chapter 4 Introduction to Financial Markets

Short answer questions

Question 1.
Explain about Exchange Traded Market and Over-the-Counter Market.
Answer:

  1. Exchange-Traded Market is a centralized organization (Stock Exchange) with standardized procedures.
  2. Over-the-Counter Market is a decentralized Market (outside the stock exchange) with customized procedures.

Question 2.
Differentiate Money Market from Capital Market.
Answer:
Money Market: Money Market is the market for short-term financial claims. (One year or Less). Eg: Treasury Bill, Commercial Paper, Certificates of Deposit.
Capital Market: Capital Market is the market for long-term financial claims for more than one year. Eg: Shares, Debentures.

Long answer questions

Question 1.
What are the contributions of Financial Markets in promoting the economic development of a country?
Answer:

  1. Financial Markets play a key role in arranging the investment of funds.
  2. Financial Markets provide financial assistance to individuals, agricultural sectors, industrial sectors, service sectors, and financial institutions.
  3. Institution gets their short-term as well as long-term financial assistance. It leads to overall economic development.
  4. It contributes to nations’ growth by ensuring the flow of surplus funds to deficit units.
  5. The flow of funds for productive purposes.
  6. Development of entrepreneurial class by making financial resources.
  7. Enhancing the income and the gross national production.
  8. To raise the standard of living and the society’s well-being.
  9. New savings flow to aid the capital formation of a country.

TN Board 12th Commerce Important Questions Chapter 4 Introduction to Financial Markets

Question 2.
Discuss the classification of Financial Assets.
Answer:
Financial assets can be classified differently under different circumstances.
One such classification is:

  1. Marketable Assets: Marketable assets are those which can be easily transferred from one person to another without much hindrance. Eg: Shares of Listed Companies, Government securities.
  2. Non-Marketable Assets: If the assets cannot be transferred easily, they came under this category. Eg: Bank deposits, Provident Funds, Pension Funds, Insurance Policies.

Multiple-choice questions

1. To provide goods and services to the people Government need:
(a) Funds
(b) Project
(c) Time
(d) Place
Answer:
(a) Funds

2. In what type of assistance the financial institution can get from financial market?
(a) Short term finance
(b) Long term finance
(c) Both (a) and (b)
(d) None
Answer:
(c) Both (a) and (b)

3. A market where in financial instruments are traded is known as:
(a) Bankers
(b) Money Market
(c) Insurance
(d) Financial Market
Answer:
(d) Financial Market

TN Board 12th Commerce Important Questions Chapter 4 Introduction to Financial Markets

4. Financial Market for trading in Equity Shares of companies:
(a) Money Market
(b) Equity Market
(c) Debt Market
(d) Capital Market
Answer:
(b) Equity Market

5. Sale of securities for the first time by the companies known as:
(a) Primary Market
(b) Money Market
(c) Capital Market
(d) Spot Market
Answer:
(a) Primary Market

6. In which type of Market Stock exchange is an important institution?
(a) Money Market
(b) Primary Market
(c) Secondary Market
(d) None
Answer:
(c) Secondary Market

7. In Financial Market, the transaction may take place at a:
(a) Specific place
(b) Trade
(c) Stock
(d) Contracts
Answer:
(a) Specific place

8. Market for short term financial claim known as:
(a) Debt Market
(b) Equity Market
(c) Money Market
(d) Capital Market
Answer:
(c) Money Market

TN Board 12th Commerce Important Questions Chapter 4 Introduction to Financial Markets

9. Flow many times security can be sold in a Primary Market?
(a) Only One time
(b) Two time
(c) Three-time
(d) Multiple time
Answer:
(a) Only One time

10. Market for long-term financial claim known as.
(a) Money Market
(b) Capital Market
(c) Spot Market
(d) All the above
Answer:
(b) Capital Market

11. Market for securities that are already issued. Mention Type of Market.
(a) Primary Market
(b) Secondary Market
(c) Debt Market
(d) Capital Market
Answer:
(b) Secondary Market

12. Financial Market plays a key role in arranging:
(a) Selling different instrument
(b) Financial Assets.
(c) Capital formation
(d) Investment of Funds
Answer:
(d) Investment of Funds

13. Financial Market contribute:
(a) Development of entrepreneurial class
(b) Accelerate the growth of Industry
(c) To raise the standard of living
(d) All the above.
Answer:
(d) All the above.

14. Give an example for financial Assets.
(a) Equity Shares
(b) Gold
(c) Silver
(d) Land
Answer:
(a) Equity Shares

TN Board 12th Commerce Important Questions Chapter 4 Introduction to Financial Markets

15. Building is bought for hiring it becomes a:
(a) Financial Asset
(b) Physical Asset
(c) Both (a) and (b)
(d) None
Answer:
(a) Financial Asset

16. Assets that can be easily transferred from one person to another person:
(a) Marketable Assets
(b) Non-Marketable Assets
(c) Production
(d) Consumption
Answer:
(a) Marketable Assets

TN Board 12th Commerce Important Questions Chapter 3 Management By Objectives (MBO) and Management By Exception (MBE)

Students get through the TN Board 12th Commerce Important Questions Chapter 3 Management By Objectives (MBO) and Management By Exception (MBE) which is useful for their exam preparation.

TN State Board 12th Commerce Important Questions Chapter 3 Management By Objectives (MBO) and Management By Exception (MBE)

Very short answer questions

Question 1.
State a few features of MBO.
Answer:

  1. An attempt is made by the management to integrate the goals of an organization and individuals.
  2. It increases the organizational capability of achieving goals at all levels.
  3. MBO tries to combine the long-run goals or organization with short-run goals.

Question 2.
What are the objectives framed in matching resources?
Answer:

  1. The objectives are framed on the basis of the availability of resources.
  2. If certain resources are not adequately available the objectives of an organization are changes accordingly. So there is a need for matching resources with objectives.

TN Board 12th Commerce Important Questions Chapter 3 Management By Objectives (MBO) and Management By Exception (MBE)

Question 3.
How do solve the problems to MBO?
Answer:

  1. The superior should take corrective action.
  2. The superior should identify the reasons for the failure of achieving objectives.
  3. The problems faced by the subordinates should be identified and steps should be taken to tackle such problems.

Question 4.
Mention any two advantages of MBE.
Answer:

  1. It focuses managerial attention on major problems. As a result, there is a better utilization of managerial talents and energy.
  2. Management by exception provides better yardsticks for judging results. It is helpful in objective performance appraisal.

Short answer questions

Question 1.
Write a short note on setting subordinate objectives or targets?
Answer:

  1. The objectives of each subordinate or individual are fixed.
  2. There should be a free and frank discussion between the superior and his subordinates.
  3. Subordinates are induced to set standards themselves by giving an opportunity.
  4. If the subordinates are allowed to do so, they may set high standards and the chances of their accomplishment are higher.

Question 2.
Explain about periodical review meeting.
Answer:

  1. The superior and subordinates should hold meetings periodically in which they discuss the progress in the accomplishment of objectives.
  2. The fixed standards may be changed in the light of progress. But the basic conditions do not change.
  3. The periodical review meeting is held during the period set for achieving the objectives.

TN Board 12th Commerce Important Questions Chapter 3 Management By Objectives (MBO) and Management By Exception (MBE)

Long answer questions

Question 1.
Explain the difference between MBO and MBE.
Answer:
Management by Objectives (MBO):

  1. MBO is a management system in which each member of the organization effectively participates and involves himself.
  2. This system gives full scope to individual strength and responsibility.
  3. MBO is to relate individual performance to organizational goals.
  4. MBO is to enhance communications between superiors and subordinates.
  5. MBO is to serve as a device for organizational control and integration.
  6. MBO recognizes the participation of employees in goal-setting process.
  7. MBO tries to relate the organizational goal with social goals.

Management by Exception (MBE):

  1. Management by exception is an important principle of managerial control. It is managed by exception is business management that focuses on identifying and handling cases that deviate from the norm.
  2. It is necessary to set objectives or norms with predictable or estimated results.
  3. If actual performance and deviates significantly the issue needs to be passed to the senior managers as an “Exception has occurred”. Finally, the aim to solve this exception immediately.
  4. It focuses managerial attention on major problems. As a result, there is a better utilization of managerial talents and energy.
  5. It saves the time of managers because they deal only with exceptional matters.
  6. MBE keeps management alert to opportunities and threats by identifying critical problems.
  7. MBE provides better yardsticks for judging results. It is helpful in objective performance appraisal.

TN Board 12th Commerce Important Questions Chapter 3 Management By Objectives (MBO) and Management By Exception (MBE)

Question 2.
Explain briefly the benefits of Management by Objectives (MBO).
Answer:
Benefits of MBO:
MBO is intended primarily to measure and judge performance. An attempt is made by the management to integrate the goals of an organization and individuals.

  1. To clarify both the job to be done and expectations of accomplishment.
  2. Motivation: To stimulate the subordinate’s motivation. MBO tries to combine the long-run goals of the organization with short-run goals. It is not only on goals but also on effective performance.
  3. The participation of employees in the goal-setting process.
  4. Objectives for each section, department or division are framed on the basis of the overall objectives of the organization. The objectives should be achieved within a fixed period.
  5. There should be a free and frank discussion between the superior and his subordinates.
  6. The periodical review meeting is held during the period set for achieving the objectives.
  7. To top management executive should review the organization’s objectives to frame the objectives according to the changing situation.
  8. Objectives can be set at all levels and for all functions with future planning.

Multiple-choice questions

1. Which system creates self-control and motivates the manager?
(a) MBO
(b) Business organization
(c) MBE
(d) None
Answer:
(a) MBO

TN Board 12th Commerce Important Questions Chapter 3 Management By Objectives (MBO) and Management By Exception (MBE)

2. MBO tries to combine the goals of the organization.
(a) Long run
(b) Short-run
(c) Both (a) and (b)
(d) motivation
Answer:
(c) Both (a) and (b)

3 indicates the strength of an organization.
(a) Trust
(b) Goodwill
(c) Resources
(d) Key result areas
Answer:
(d) Key result areas

4. Give examples of (KRA) Key Result Areas.
(a) Profitability
(b) Market standing
(c) Innovation
(d) All the above
Answer:
(d) All the above

5. In process of MBO the objectives of each subordinate or individual are:
(a) changed
(b) constant
(c) fixed
(d) static
Answer:
(c) fixed

TN Board 12th Commerce Important Questions Chapter 3 Management By Objectives (MBO) and Management By Exception (MBE)

6. When is a need for matching resources with objectives?
(a) resources are not adequate
(b) available resources
(c) utilized resources
(d) none
Answer:
(a) resources are not adequate

7. In which process superior should take corrective action?
(a) Appraisal of activities
(b) KRA
(c) Matching resource
(d) Goal of each section
Answer:
(a) Appraisal of activities

8. Who is a part of the dynamic world?
(a) Management
(b) An organization
(c) Both (a) and (b)
(d) Subordinates
Answer:
(b) An organization

9. MBO motivates the:
(a) workers
(b) manager
(c) subordinates
(d) none
Answer:
(a) workers

TN Board 12th Commerce Important Questions Chapter 3 Management By Objectives (MBO) and Management By Exception (MBE)

10. MBO is a consuming process.
(a) market
(b) time
(e) strength
(d) business
Answer:
(b) time

11. In which process is better to use knowledge of trends, history, and available business data?
(a)MBO
(b)MBE
(c) Business organization
(d) Business management
Answer:
(b)MBE

12. In what way the managers save time?
(a) Deal only with exceptional matter
(b) Routine problems
(c) Job duties
(d) None
Answer:
(a) Deal only with exceptional matter

13. This lead to motivation and development of subordinates:
(a) Span of control
(b) Authority
(c) Manager
(d) All the above
Answer:
(a) Span of control

14. Systematic evaluation of performance is made with the help of:
(a) MBE
(b) MBO
(c) Both (a) and (b)
(d) None
Answer:
(b) MBO

TN Board 12th Commerce Important Questions Chapter 3 Management By Objectives (MBO) and Management By Exception (MBE)

15. MBO motivates the workers by:
(a) planning
(b) job
(c) objectives
(d) Business
Answer:
(b) job

TN Board 12th Commerce Important Questions Chapter 2 Functions of Management

Students get through the TN Board 12th Commerce Important Questions Chapter 2 Functions of Management which is useful for their exam preparation.

TN State Board 12th Commerce Important Questions Chapter 2 Functions of Management

Very short answer questions

Question 1.
Define Management functions.
Answer:
Management functions are called as Managerial process. This process is 24 hours nonstop process for attaining the objectives again and again for reaching the highest level.

Question 2.
What is meant by staffing?
Answer:
The staffing function comprises the activities of selection and placement of competent personnel. It refers to the placement of right persons in the right jobs.

TN Board 12th Commerce Important Questions Chapter 2 Functions of Management

Question 3.
What is the role of communication in the management function?
Answer:

  1. Communication is the transmission of human thoughts, views or opinions from one person to another person.
  2. Communication helps the regulation of the job and coordinates the activities.

Question 4.
How employees are kept informed of all necessary matters?
Answer:

  1. Circulars
  2. Notice boards
  3. Meeting
  4. Manuals
  5. Newsletters

Question 5.
Mention a few difficulties of coordination.
Answer:

  1. Differences in orientation towards particular goals
  2. Working in the enterprise in different capacities
  3. The size of the organization
  4. Differences in time orientation
  5. Different methods, standards for evaluating progress towards objectives.

Short answer questions

Question 1.
How to organize the members of an organization?
Answer:

  1. Organizing is the process of establishing harmonious relationships among the members of an organization.
  2. It is the creation of a network of relationships among the members.
  3. Organizing function work is assigned to employees who are given authority to carry out the work assigned and made accountable for it.

TN Board 12th Commerce Important Questions Chapter 2 Functions of Management

Question 2.
Write a short note about directing.
Answer:

  1. Directing denotes motivating, leading guiding, and communicating with subordinates.
  2. It is on an ongoing basis in order to accomplish pre-set goals.
  3. Employees are kept informed of all necessary matters by circulars, instructions, manuals, newsletters, notice – boards, meetings, etc in order to enable the employees to accomplish the organizational goals.

Long answer questions

Question 1.
Differentiate motivating from controlling?
Answer:
Motivating:

  1. Motivating includes increasing the speed of performance of a work and developing a willingness on the part of workers.
  2. This is done by a resourceful leader.
  3. The workers expect favorable climate conditions of work, fair treatment, monetary, non-monetary, incentive, effective communication, and gentlemanly approach.

Controlling:

  1. The control function helps in identifying underperformers and arranging remedial training for them.
  2. Measuring actual performance with predetermined standards.
  3. To evaluate the performance of employees and deciding increments and promotion decisions.

Multiple choice questions

1. Management functions are called as:
(a) Managerial process
(b) Planning
(c) Organizational process
(d) Directing
Answer:
(a) Managerial process

TN Board 12th Commerce Important Questions Chapter 2 Functions of Management

2. Which of the following is not a subsidiary function?
(a) Decision making
(b) Communication
(c) Innovation
(d) Controlling
Answer:
(d) Controlling

3. Nothing can be performed without:
(a) Organizing
(b) Planning
(c) Staffing
(d) Co-ordination
Answer:
(b) Planning

4. Who is given authority to carry out the work and made accountable for it?
(a) Organizing
(b) Staffing
(c) Motivation
(d) Co-ordination
Answer:
(a) Organizing

5. Placement of right persons in the right jobs is known as:
(a) Directing
(b) Planning
(c) Staffing
(d) All the above
Answer:
(c) Staffing

6. In what way employees are informed of necessary matters by:
(a) Notice-boards
(b) Circulars
(c) Meeting
(d) All the above
Answer:
(d) All the above

TN Board 12th Commerce Important Questions Chapter 2 Functions of Management

7. Innovation includes developing:
(a) New products
(b) New package
(c) New technique in production
(d) All the above
Answer:
(d) All the above

8. Continuous changes are being made in the business is known as:
(a) Directing
(b) Innovation
(c) Co-ordination
(d) None
Answer:
(b) Innovation

9. Who has to act as a representative of a company:
(a) A worker
(b) A manager
(c) Scholar
(d) All the above
Answer:
(b) A manager

10. Which of the following helps the regulation of job and coordinates the activities?
(a) Decision making
(b) Communications
(c) Representation
(d) None
Answer:
(b) Communications

TN Board 12th Commerce Important Questions Chapter 1 Principles of Management

Students get through the TN Board 12th Commerce Important Questions Chapter 1 Principles of Management which is useful for their exam preparation.

TN State Board 12th Commerce Important Questions Chapter 1 Principles of Management

Very short answer questions

Question 1.
What do you mean by management?
Answer:
Management is a part and parcel of our day-to-day life. Management is goal-oriented and it is an art of getting things done with and through others. Management is a distinct ongoing process of allocating inputs of an organization by typical managerial functions, (planning, organizing, directing, and controlling).

Question 2.
List out the characteristic features of management.
Answer:

  1. Body of knowledge
  2. Management tools
  3. Separate discipline
  4. Specialisation
  5. Code of conduct
  6. Professional association.

TN Board 12th Commerce Important Questions Chapter 1 Principles of Management

Question 3.
Mention twin purposes of the management process?
Answer:

  1. Maximum productivity or profitability.
  2. Maximum human welfare and satisfaction.

Question 4.
What are the discipline for the smooth functioning of all organizations? Discipline:
Answer:

  1. Obedience,
  2. Proper conduct in relation to others and
  3. Respect of authority

Question 5.
What is line of authority?
Answer:

  1. Line of authority refers to the chain of superiors ranging from top management to the lowest rank.
  2. Line of authority from top to bottom linking all managers at all levels.

Question 6.
Name the two implications in the span of management.
Answer:
The span of management has two implications.

  1. Influences the complexities of the individual Manager’s job.
  2. Determine the shape or configuration of the organization.

Question 7.
How many parts of management as a process? What are they?
Answer:
There are 5 parts of management as a process. They are:

  1. Management is co-ordination of resources
  2. Management is a-process – Achieving coordination
  3. Management is a purposive process – Managerial activity
  4. Management is a social process
  5. Management is a cyclical process.

TN Board 12th Commerce Important Questions Chapter 1 Principles of Management

Question 8.
What is team spirit?
Answer:

  1. Team spirit refers to the need of managers to ensure and develop morale in the workplace.
  2. Team spirit helps develop an atmosphere of mutual trust.
  3. It helps to finish the task on time.

Question 9.
What is the importance of the initiative in an organization?
Answer:

  1. It can add strength and new ideas to the organization.
  2. It is a source of strength (employees) because it provides new and better ideas.

Question 10.
What are the advantages of using organizational structure?
Answer:
The advantage of using organizational structure is that cross-communication gets facilitated. That is operative staff communicating with the top management. Also, the chance of promotion increases with the availability of several job positions.

Short answer questions

Question 1.
Discuss principal ideas school of management thought.
Answer:

  1. Functional school, sees management as a process of planning, organizing, directing, and controlling.
  2. Behavioural school is not interested in the process only but rather in the way process affects the organization with and through personnel or human resources.
  3. The quantitative school wants to improve the quality of decision making.
  4. The system approach concentrates on the entire organization. Inputs – process – outputs.
  5. Contingency approach and emphasis dynamic nature of management process in an ever-changing business environment.

TN Board 12th Commerce Important Questions Chapter 1 Principles of Management

Question 2.
Give a short note on specialization in management.
Answer:

  1. To select and appoint highly qualified, trained and experienced persons to manage the business (functional areas of management).
  2. We have today an increasing tendency in favour of management by experts or professionals.
  3. The specialisation of the workforce according to the skills of a person creating specific personal and professional development.
  4. The specialisation increases the efficiency of labour, therefore, increasing productivity.

Question 3.
Explain code of conduct in business management.
Answer:

  1. Business management is a social institution and it has social responsibilities to be fulfilled towards customers, employees and the public.
  2. Consumer oriented marketing concept is the reflection of a corporate code of conduct.
  3. Pressure of consumerism, trade, unionism public opinion and legislation are definitely inducing management to evolve a code of ethics.

Long answer questions

Question 1.
Explain briefly the characteristic features of management.
Answer:
The management concept can be understood from its profound characteristic features as follows:

  1. Body of knowledge:
    (a) Management has to be developed into a specialized body of management theory and philosophy.
    (b) Management knowledge is the best passport to enter the world of employment either in the business world or government or private.
  2. Management tools: Tools of management have been developed such as accounting, business law, psychology, statistics, econometrics, data processing, etc.
  3. Separate discipline: Management studies in many universities and institutions of higher learning are recognized as separate disciplines. Seminars, special courses, training programs, popular for orientation and retraining in management areas.
  4. Specialization: To select and appoint highly qualified trained and experienced persons to manage the business in each functional area of management.
  5. Code of conduct: Business management is a social institution and it has social responsibilities to be fulfilled towards customers, employees, and the public. The consumer-oriented marketing concept is the reflection of a corporate code of conduct.
  6. Professional association: The business management associates in many countries to promote the spread of knowledge in all management areas.
  7. To build up the bright public image of the managerial profession.

TN Board 12th Commerce Important Questions Chapter 1 Principles of Management

Question 2.
Explain briefly the role of management in a business organization.
Answer:

  1. Management is goal-oriented and it is the art of getting things done with and through others.
  2. The practice of management helps to achieve the organizational mission and determines the future of business enterprises.
  3. A manager is a dynamic and life-giving element in every business. He only to allocate the resources and utilization of human material and financial resources.
  4. Management is regarded as a social process because it is directly concerned with the management of human resources in order to secure cooperation and teamwork from the people in their performance.
  5. In management, there is a planning action control cycle. A process indicates the dynamic nature of management.
  6. Management involves a set of required skills for anyone designated as a manager but the level of the span of their managerial skill would vary from person to person.
  7. Workers should be treated as an integral part of the organization and the all-important decisions should be taken after due consultation with workers.
  8. Management should always guide, encourage and help the workers.
  9. Management that their focus is on their demands as well as organizational objectives.

Multiple-choice questions

1. Which is part and parcel of our day-to-day life?
(a) Management
(b) Art
(c) Statistics
(d) Business law
Answer:
(a) Management

2. Find out the tool of management.
(a) Business law
(b) Accounting
(c) Statistics
(d) All the above
Answer:
(d) All the above

3. Business management is a:
(a) social institutions
(b) universities
(c) training program
(d) environment
Answer:
(a) social institutions

TN Board 12th Commerce Important Questions Chapter 1 Principles of Management

4. Mention the special courses in management:
(a) seminar
(b) orientation program
(c) training
(d) all the above
Answer:
(d) all the above

5. “To manage is to forecast, to plan, to organize, to command, to co-ordinate and to control” Whose definition is this?
(a) Peter. F. Drunken
(b) Henry fayol
(c) Behaviour school
(d) All the above
Answer:
(b) Henry fayol

6. “The manager has to balance and to integrate three major jobs of a business enterprise”. Who said this?
(a) Henry fayol
(b) Peter. F. Drucker
(c) both (a) and (b)
(d) none
Answer:
(b) Peter. F. Drucker

7. Who is a dynamic and life-giving element in every business?
(a) Workers
(b) Team leader
(c) A Manager
(d) Administrator
Answer:
(c) A Manager

8. Management involves would vary from person to person.
(a) Managerial skill
(b) planning
(c) organizing
(d) none
Answer:
(a) Managerial skill

TN Board 12th Commerce Important Questions Chapter 1 Principles of Management

9. Who is responsible for the administration of the Organization?
(a) Management
(b) Administrator
(c) Managerial skill
(d) Worker
Answer:
(b) Administrator

10. Who are working on the topmost level in management?
(a) Workers
(b) Manager
(c) Both (a) and (b)
(d) Team leader
Answer:
(b) Manager

11. What is the nature of the management process?
(a) Dynamic
(b) Static
(c) Constant
(d) None
Answer:
(a) Dynamic

12. Which person is effectively coordinates all activities of the organization?
(a) The worker
(b) Employee
(c) Manager
(d) None
Answer:
(c) Manager

13. What is the main aim of the management as well as workers?
(a) Profit
(b) loss
(c) team spirit
(d) co-operation
Answer:
(a) Profit

14. Who is considered as part of management and to take part in a decision-making of the management?
(a) Workers
(b) Manager
(c) Team spirit
(d) None
Answer:
(a) Workers

TN Board 12th Commerce Important Questions Chapter 1 Principles of Management

15. Who is always guide, encourage and help the workers?
(a) Association
(b) Management
(c) Trust
(d) Organization
Answer:
(b) Management

16. How many principles of management which every manager has to practice?
(a) 20
(b) 18
(c) 14
(d) 12
Answer:
(c) 14

17. In which principle leads to specialization to increases the efficiency of labor?
(a) Discipline
(b) direction
(c) division of work
(d) mutual interest
Answer:
(c) division of work

18. In which order ensures the fluid operation of a company?
(a) Line of authority
(b) scalar chain
(c) direction
(d) social order
Answer:
(d) social order

19. From top to bottom linking all the managers at all levels is known as:
(a) Stability
(b) line of authority
(c) centralization
(d) none
Answer:
(b) line of authority

TN Board 12th Commerce Important Questions Chapter 1 Principles of Management

20. How many implications that the span of management has?
(a) Five
(b) four
(c) seven
(d) two
Answer:
(d) two

TN Board 12th Economics Important Questions and Answers

TN 12th Economics Important Questions State Board English Medium 2021-2022.

TN State Board 12th Economics Important Questions and Answers

TN Board 12th Commerce Important Questions and Answers

TN 12th Commerce Important Questions State Board English Medium 2021-2022.

TN State Board 12th Commerce Important Questions and Answers