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:
- Planning
- Organizing
- Staffing
- Directing
- 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
- Time factor
- Experience
- wise decision
- firmness
- boldness
- 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:
- Analysing the problem
- Planning of course of action
- Maintaining courage and patience
- Foresightedness
- 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 :
- To maintain proper co – Ordination order and discipline is important
- To ensure conformation of actual performance with pre-determined goals
- 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 :
- To maintain proper co – Ordination order and discipline is important
- To ensure conformation of actual performance with pre-determined goals
- 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 .
This is right but exanged questions