Business Studies, asked by skverma10nov, 9 months ago

management is also called in bst​

Answers

Answered by SKSWAGBOSS
1

Answer:

Short Answer Type Questions

Question 1. Define management.

Answer: Management is defined as a process of getting things.done with the aim of achieving goals effectively and efficiently.

or

It is a process of designing and maintaining an environment in which Individuals working in groups, can achieve selected objectives efficiently and effectively.

Question 2. Name any two important characteristics of management.

Answer: Pervasive and Multidimensional

Question 3. Ritu is the manager of the Northern division of a large corporate house. At what level does she work in the organisation? What are her basic functions?

Answer: Ritu is working at the middle level Her baste functions are (number of functions should be given according to the marks allotted for the question).

Interpreting the policies formed by the top level management and acting as a link between top level management and operative management

Assigning necessary duties to the employees.

Question 4. Why is management considered a multi-faceted concept?

Answer: Management is considered as a multi-faceted concept because it is a complex activity that has three main dimensions. These are

Management of Work All organisations perform some work e.g., producing or selling. A work is defined as the goals to be achieved

Management of People The main asset of an organisation IS the human resources. Thrs resource has to be managed In such a manner that it helps to achieve the goals of the organisations.

Management of Operations All organisations either produce a product or provide a service This requires a production process which means using an operation to convert the inputs into the output It is interlinked with both management of work and management of output

Question 5. Discuss the basic features of management as a profession.

Answer: Basic features of management as a profession management as a protession has the following features which are as follows

Well-defined Body of Knowledge All professionals are based on a well-defined body of knowledge that can be acquired through Instruction

Professional Association There are several associations of practicing managers in India, like the AIMA (All India Management Association) that has laid the code of conduct to regulate the activities of their members.

Service Motive All business organisations aim to provide good quality product or service at a reasonable price thus serving the society

Thus, we can say management does not meet the exact cnteria of a profession but It has some features as a profession

Explanation:

..hope it helps..

Answered by queensp73
0

Answer:

Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body.

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