Karnataka Board Class 9 Business Studies Chapter 1 Management of Business Solution

Karnataka Board Class 9 Business Studies Chapter 1 Management of Business Solution.

I Q1.  What is management?

ANS: Management means the act of managing activities of a enterprise

Q2.  What do you mean by decision making?

ANS:  Decision making means to take proper decision to solve the organization problem.

Q3.   What is individual decision and what is collective decision?

ANS:  The individual decision refers to  the decision taken by individual.

Eg. Trading business.

Collective decision refers the decision taken by group of people.

Eg. Partnership firms , joint stock companies.

Q4.  What is the principle of authority and responsibility in principles of management?

Ans:  Authority and responsibility are important in management. It compounded with intelligence, experience, past experience etc.

 

II Q2. What are the functional areas of management ?

Ans: The functional areas of management are as follow:

  1. Planning
  2. Organizing
  3. Staffing
  4. Directing
  5. Controlling

Q3.write  about authority and responsibility,solar chain and centralization in principles of management?

Ans:  Authority and Responsibility: This principles deals with official authority and personal responsibilities .Both are computed with intelligence, experience ,past experience etc

Solar Chain: Solar chain means every enterprise graded authority or superior –subordinate   relationship  . And their relation to subordinates at  various level should be clearly defined.

Centralization:  it refers to the extent to which authority is concentrated

Q4. What is the need for decision making in management of business?

ANS:  The process of decision making is important in management in order to reach its objectives and goals.

Q5.what are the important elements of decision making?

ANS: The important elements of decision making are

  1. Time factor
  2. Experience
  3. wise decision
  4. firmness
  5. boldness
  6. clarity

Q6. What factors are to be kept in mind while taking decision ?

ANS: The factors are to be kept in mind while taking decision are as follow:

  1. Analysing the problem
  2. Planning of course of action
  3. Maintaining courage and patience
  4. Foresightedness
  5. Ability to take quick and wise decision

Q7. What do you mean by planning and organizing in functional areas of management?

Ans: PLANNING:  Planning plays an important role in functional management areas. It includes determination of organizational objective  and at the  same time it formulates plans, policies, programmers, procedures &schedules .

ORGANISING:   It means organizing man power & material resources together as well  as  co-ordination among  workers to achieve their objective.

Q8.  How is controlling an important area of managerial function?

ANS:  Controlling is an important function that mangers have to perform it also acts a watchdog for other departments.

The main objectives of controlling area as follow :

  1. To maintain proper co – Ordination order and discipline is important
  2. To ensure conformation of actual performance with pre-determined goals
  3. Must achieve overall efficiency.

Q9.What are the main objectives of controlling areas?

ANS: The main objectives of controlling areas are  as follow :

The main objectives of controlling area as follow :

  1. To maintain proper co – Ordination order and discipline is important
  2. To ensure conformation of actual performance with pre-determined goals
  3. Must achieve overall efficiency.

Q10. Directing and Co ordination are very important function in business management ?

Ans;    DIRECTING:  Directing means instructing, guiding  and supervision of activities which help organization to achieve its goals.

CO-ORDINATION: The word co- ordination imply to work together among various departments to reach its goal .

Updated: December 4, 2020 — 11:40 pm

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  1. This is right but exanged questions

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