1. Define management?
2. What do you mean by efficiency? How does it differ from effectiveness?
3. “Management is a continuous process”. Explain the statement.
4. Briefly explain the importance of management?
5. Is management a pure science? Give reason in support of your answer.
1. Which one of the following may not be a factor behind starting a business:-
(a) Size of the firm
(b) Routine workload
(c) Rs. finance
(d) Location of business
2. Which of the following is not a function of management?
(a) Management is all pervasive
(b) Management is multi-dimensional
(c) Identification of threats & warnings
(d) Location of business
3. Name two broad categories of business activities:-
(a) Trade & commerce
(b) Trade & Industry
(c) Industry & commerce
(d) None of these
4. Which one of the following is not an economic objective of the business:-
(a) Social environment
(b) Survival
(c) Profit
(d) Growth
5. Which factor doesn’t describe management as science:-
(a) Systematized body of knowledge
(b) Universal validity
(c) Ethical code of conduct
(d) Principles based on experimentation