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Friday, 24 June 2016

BUSINESS STUDIES - CLASS 12 CBSE NOTES, CHAPTER 1


VERY-SHORT-ANSWER QUESTIONS


1.     Explain the concept of management.

ANS.  

The term ‘management’ literally means ‘skillful use of means’. Traditionally, management is viewed as a process of getting a job done. However, the modern approach to management considers it as a means to integrate an organisation internally within its departments and externally with its environment for achievement of individual, societal and organizational goals.


2.     Define management. 

ANS. 

According to Koontz and O’Donnell, “Management is the art of getting  things done through and with people in formally organised groups. It is the art of creating an internal environment in an enterprise where individuals working together in groups can perform efficiently and effectively towards the attainment of group goals.”


3.     “Without objectives, management has no meaning.” Comment.

ANS.

Without objectives, management has no meaning. This statement is correct. Objectives determine the purpose of existence of an enterprise. All the activities in an organisation, related to planning, organising,  directing and controlling are directed towards the achievement of those objectives. The success of an organisation depends on the ability of the management to achieve its objectives.


4.     How does management help in building a sound organisation?

ANS.

Management helps in establishing a sound organisation by integrating it internally with its various departments and externally with its environment. It facilitates the smooth running of an enterprise by properly defining jobs and laying down a clear-cut pattern of authority-responsibility relationships in the organisation. Besides, it ensures that appropriate persons with the right qualifications and training are selected for various positions.

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1 comment:

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