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.

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.

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.

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.

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

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

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

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

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