Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

"What managers do in India, USA, Germany or Japan is the same."

Identify the feature of Management.

Options:

Management is a goal oriented process

Management is Intangible

Management is continuous process

Management is all pervasive

Correct Answer:

Management is all pervasive

Explanation:

The correct answer is Option (4) → Management is all pervasive

* Management is a goal oriented process- An organisation has a set of basic goals which are the basic reason for its existence. These should be simple and clearly stated. Different organisations have different goals

* Management is Intangible- Management is an intangible force that cannot be seen but its presence can be felt in the way the organisation functions. The effect of management is noticeable in an organisation where targets are met according to plans, employees are happy and satisfied, and there is orderliness instead of chaos.

* Management is continuous process- The process of management is a series of continuous, composite, but separate functions (planning, organising, directing, staffing and controlling). These functions are simultaneously performed by all managers all the time.

* Management is all pervasive: The activities involved in managing an enterprise are common to all organisations whether economic, social or political. A petrol pump needs to be managed as much as a hospital or a school. What managers do in India, the USA, Germany or Japan is the same. How they do it may be quite different. This difference is due to the differences in culture, tradition and history.