Business Studies BST Important Questions for Chapter-1 of class-12

Business Studies BST Class 12 Chapter 1 Important Questions NCERT Questions with Solutions

In this article, you will get some Ncert Questions and Important Previous Year Questions of Business Studies BST; class 12, chapter 1, Nature and Significance of Management with their solutions. Mainly Students have doubts that which questions are important in Business Studies. Here, we solve the problems of that students by bringing important NCERT questions with the solutions of Business Studies.

Here are the most important questions of Business Studies, which came repeatedly on the exams. By completing these types of questions, one can achieve the goal of getting full marks in the Business Studies BST.

Business Studies BST Class 12 Chapter 1 Important Questions NCERT Questions with Solutions

Very Short Questions

1. What is meant by management? [CBSE, Delhi 2008]

Answer: Management is a process of getting things done by men to achieve the organizational goal effectively and efficiently. [Detailed answer]

2. Name the process of designing and maintaining an environment, in which individuals working together in groups efficiently accomplish selected aims. [CBSE, Delhi 2008]

Answer: Management [Detailed answer]

3. What is meant by “Effectiveness” in management? [CBSE, Delhi 2011 (III), 2015 (III), All India 2019 (11)]

Answer: In management, effectiveness involves completing a job or reaching a goal within a specific time range. [Detailed answer]

4. Give any 2 characteristics of management. [CBSE, Sample Paper 2008]

Answer: (i) Management is all Pervasive; (ii) Management is a goal-oriented process.

5. Name the process of working with and through others to effectively achieve organizational objectives by efficiently using its limited resources in the changing environment. [CBSE, All India 2008]

Answer: Management [Detailed answer]

6. “Successful organizations do not achieve their goals by chance but by following a deliberate process”. Identify the process highlighted here. [CBSE, Sample Paper 2019]

Answer: Management [Detailed answer]

7. ‘Management is the process of getting things done. State the meaning of the term process used in this statement. [CBSE, Delhi 2016]

Answer: A process is a sequence of core operations or actions that management does in order to complete tasks. [Detailed answer]

8. Various input resources are required by management to complete a task effectively and efficiently. Name any two. [CBSE, All India 2019]

Answer: Management will need the following input resources to perform a task successfully and efficiently: (i) Funds and (ii) Materials [Detailed answer]

9. ”Is Management concerned only with doing the right task, completing activities, and achieving goals without taking into consideration the cost-benefit”? Give a reason in support of your answer. [CBSE, All India 2016]

Answer: No, management is concerned not only with doing the right thing, completing tasks, and accomplishing goals, but also with the cost-benefit, i.e. doing the right thing at the lowest possible cost. [Detailed answer]

10. Give the meaning of ‘Process’ in the definition of management. [CBSE, Delhi Comptt. 2019]

Answer: Process is a collection of fundamental tasks or actions that management carries out to complete tasks. [Detailed answer]

11. In an organization employees are happy and satisfied, there is no chaos and the effect of management is noticeable. Which characteristic of management is highlighted by this statement? [CBSE, All India 2008]

Answer: Management is an intangible force.

12. Volvo Ltd’s target is to produce 10,000 shirts per month at a cost of 100/per shirt. The Production Manager achieved this target at a cost of 90/per shirt. Do you think the ‘Production Manager’ is effective? Give one reason in support of your answer. [CBSE, Delhi 2010]

Answer: Yes, the production manager is effective since he was able to meet the goal.

13. “In order to be successful, an organization must change its goals according to the needs of the environment.” Which characteristic of management is highlighted by this statement? [CBSE, Sample Paper 2010]

Answer: Management is a ‘dynamic force’.

14. Managerial activities are performed in all types of organizations in all departments and at all levels. Which management character is highlighted here? [CBSE, Sample Paper 2010]

Answer: Management is all Pervasive.

15. Why is management an intangible force? State. [CBSE, Delhi Comptt. 2016 (11)]

Answer: Because it cannot be seen, felt, or touched, management is seen as an intangible force. However, its presence may be sensed through orderliness and coordination in the workplace.

16. management principles can be applied to all types of activities. Which characteristic of management is highlighted by this statement?

Answer: Management is all Pervasive.

17. List any 2 organizational objectives of management. [CBSE, Delhi 2010 (1)]

Answer: (1) Survival; (ii) Profit.

18. To meet the firm’s objectives, the management of Angora Ltd. offers employment to physically challenged persons. Identify the purposes it is trying to achieve. [CBSE, Sample Paper 2008]

Answer: Angora Ltd. is trying to achieve its Social Objectives.

19. “Management helps in the development of society.” How? [CBSE, All India 2009, 2015]

Answer: Management helps the firm to produce high-quality products and services while also creating jobs and implementing new technologies, all of which contribute to the growth of society.

20. Identify the nature of management when it is practiced as the personal application of existing knowledge to achieve desired results. [CBSE, All India 2012]

Answer: Management is an Art, as it is personally applied to achieve the targeted goal. (You do not need to write more than this, because it is a short question, so you have to answer in one word or in one or two sentences)

21. At which level of management the managers are responsible for the welfare and survival of the organization? [CBSE, Delhi 2012]

Answer: The managers of Top Level Management are responsible for the welfare and survival of the organization. (Top Level Management is the highest level of management. No one is above Top Level Management.)

22. “One of the objectives of management is to consistently create economic value for various constituents of the society”. Give two examples of this objective. [CBSE, Delhi Comptt. 2013]

Answer: (i) Environmental protection via the use of environmentally friendly production practices.
(ii) Creation of job opportunities for the most vulnerable members of society.

23. What is meant by “Management of people”? [CBSE, Delhi 2014, All India 2019 (II)]

Answer: Management of people includes dealing with employees as individuals with varying needs and behaviors, as well as dealing with them as a group. (people mean employees or human resources. So, management of People include the development of Human resource)

24. How does coordination ensure unity of action in Management? [CBSE, Sample Paper 2015, Delhi Comptt. 2015 (11)]

Answer: Coordination serves as a binding factor across departments, ensuring that all efforts are directed toward attaining the organization’s goals.

25. Identify the nature of management when a manager applies the existing theoretical knowledge in his own unique manner. [CBSE, Foreign 2012]

Answer: Management is an Art. (not the drawing one)

26. How does management help in achieving personal objectives? State. [CBSE, Delhi 2015]

Answer: Management assists in reaching personal goals by encouraging and leading in such a way that individual members may achieve personal goals while also contributing to the wider organizational goals.

27. Which level of Managers is responsible for coordination? State. [CBSE, All India Comptt. 2015]

Answer: All Levels; Top, Middle, and Lower levels f management.

28. Name the process which provides the requisite amount, quality, timing, and sequence of efforts and ensures that planned objectives are achieved with a minimum of conflict. [CBSE, Sample Paper 2018]

Answer: Coordination. (The way to coordinate with people)

29. Name the process of completing the task tactfully.

Answer: Management is the process of completing a task tactfully.

30. Which is more important ‘Efficient’ or ‘Effectiveness’?

Answer: Both are equally important.

Business Studies NCERT Questions

NCERT Questions are the most important questions in Business Studies. Many questions in the examination of Business Studies, come from the NCERT book of Business Studies. Here are some NCERT Questions for Business Studies with the solution on the link.

Very Short Questions

1. What is meant by management?

Answer: Management is the process of completing the work. But this is not a complete definition of management. This is a very important question. To check the complete answer to this question, click on Detailed Answer. [Detailed answer]

2. Name any two important characteristics of management.

3. Identify and state the force that binds all the other functions of management.

4. List any two indicators of the growth of an organization.

5. Indian Railways has launched a new broad-gauge solar power train which is going to be a path-breaking leap towards making trains greener and more environment friendly. The solar power DEMU (Diesel Electric Multiple Unit) has 6 trailer coaches and is expected to save about 21,000 liters of diesel and ensure a cost saving of Rs 12, 00,000 per year. Name the objectives of management achieved by Indian Railways in the above case.

Short Questions

1. Ritu is the manager of the northern division of a large corporate house. At what level does she work in the organization? What are her essential functions?

2. State the basic features of management as a profession.

3. Why is management considered to be a multi-dimensional concept?

4. Company X is facing a lot of problems these days. It manufactures white goods like washing machines, microwave ovens, refrigerators, and air conditioners. The company’s margins are under pressure and the profits and market share are declining. The production department blames marketing for not meeting sales targets and marketing blames the production department for producing goods that are not of good quality and meet customers’ expectations. The finance department blames both production and marketing for declining return on investment and bad marketing. State the quality of management that the company is lacking. What quality of management do you think the company is lacking? Explain briefly. What steps should the company management take to bring the company back on track?

5. Coordination is the essence of management. Do you agree? Give reasons.

6. Ashita and Lakshita are employees working in Dazzling enterprises dealing in costume jewelry. The firm secured an urgent order for 1,000 bracelets that were to be delivered within 4 days. They were assigned the responsibility of producing 500 bracelets each at a cost of Rs 100 per bracelet. Ashita was able to produce the required number within the stipulated time at the cost of Rs 55,000 whereas, Lakshita was able to produce only 450 units at a cost of Rs 90 per unit. State whether Ashita and Lakshita are efficient and effective. Give reasons to justify your answer.

Long Questions

1. Management is considered to be both an art and a science. Explain.

2. Do you think management has the characteristics of a full-fledged profession?

3. “A successful enterprise has to achieve its goals effectively and efficiently.” Explain.

4. Management is a series of continuous interrelated functions. Comment.

5. A company wants to modify its existing product in the market due to decreasing sales. You can imagine any product about which you are familiar. What decisions/steps should each level of management take to give effect to this decision?

6. A firm plans in advance and has a sound organizational structure with efficient supervisory staff and control system but on several occasions, it finds that plans are not being adhered to. It leads to confusion and duplication of work. Advise remedy.

One can get full marks in Business Studies by reading these many questions. Best of luck for your preparation for Business Studies.