Business Studies

Nature & Significance

Medium

Which of the following statements does not highlight the importance of management?

It helps in determination of the objectives of an organisation through sound resource planning.

It helps to accomplish the goals of an organisation through integration of human and non-human resources.

It provides foresight to the enterprise based on which the future is predicted.

It helps in environmental scanning through efficient industry analysis.

✅ Correct Option: 3,4

There are two correct answers as per NTA. This is an error on their end.

Option 3: “predict the future” is an overstatement. Management helps in planning/forecasting, not predicting with certainty.

Option 4: “efficient industry analysis” is a narrower analytical/strategy activity; not a standard, core statement of management’s importance (even if managers may do scanning).

Why the other two are wrong (i.e., they DO highlight importance):

Option 1 shows management’s role in setting objectives and planning resources.

Option 2 shows management’s role in coordinating/integrating human and non-human resources to achieve goals.

2026: 21 May Shift 1

"Management has a systematized body of knowledge. It has its own theory and principles that have developed over a period of time, but it also draws on other disciplines such as Economics, Sociology, Psychology and Mathematics". In the above statement, management has been described as:

2025: 29 May Shift 2

"To become a chartered accountant in India, a candidate has to clear a specified examination conducted by the Institute of Chartered Accountants of India." Which characteristic of a profession is highlighted here?

2024

Management always works by keeping an end result or aim of the organisation. All activities of managers are directed towards these aims.' From the above statement, identify the feature of management.

2025: 30 May Shift 2

Match List-I with List-II

List-I	List-II
Nature	Explanation
(A) Management is continuous	(I) Management cannot be seen.
(B) Management is all pervasive	(II) Activities in management are common to all organisation.
(C) Management is a group activity	(III) Team work and coordination of individual efforts in a common direction.
(D) Management is an intangible force	(IV) Management functions are simultaneously performed by all managers.

Choose the correct answer from the options given below:

2025: 16 May Shift 1

Chief Executive Officer, Chief Finance Officer, Vice President(Marketing) belong to:

2025: 14 May Shift 2

"Based on the knowledge and experience that Shilpa acquired in her business, she smartly handles all the critical situations". This statement suggests that management is based on:

Which of the following statements does not highlight the importance of management?

Solution

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