Business Studies

Principles of Management

Medium

Management is the process of planning, organising, staffing, directing and controlling the enterprise resources efficiently and effectively for achieving the goals of the organisation. Effectiveness in Management is concerned with doing the right task, completing activities and achieving goals. Efficiency means doing the task correctly with minimum cost.

Answer the following questions on the basis of above case.

_______ implies setting goals in advance and developing a way of achieving them efficiently and effectively

Organising

Controlling

Planning

Coordination

✅ Correct Option: 3

Planning implies setting goals/objectives in advance and developing a course of action to achieve them efficiently and effectively. It is the primary function of management and provides direction for all other functions.

Question 46

Company's target production is 10,000 units in a year. To achieve this target the manager has to operate on double shifts due to power failure most of the time.

In the above case manager was:

Question 47

Cutting down the cost but not achieving the target production is an example of:

Question 49

_______ is the management function of monitoring organisational performance towards the attainment of organisational goals

Question 50

_______ determines what activities and resources are required.

_______ implies setting goals in advance and developing a way of achieving them efficiently and effectively

Solution

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CUET Business Studies Past Year Questions (Topic-Wise)