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Karnataka PUC II Commerce Business Studies — practice by topic

Browse 16 questions across 2 Business Studies topics. Choose what you want to revise, then open a question to check its answer and worked solution.

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Business Studies topics

Principles of Management (12)Nature and Significance of Management (4)

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Efficiency in management refers toRead the answer and worked solution →Which level of management is responsible for the overall strategy and direction of the organisation?Read the answer and worked solution →Which of the following is NOT one of the basic functions of management as listed in the chapter?Read the answer and worked solution →Which dimension of management is concerned with the conversion of inputs into finished goods?Read the answer and worked solution →

Worked practice questions

Efficiency in management refers to

  1. Completing the right task
  2. Completing the task with minimum cost / resources
  3. Pleasing the boss
  4. Working overtime regularly
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Correct answer: B. Completing the task with minimum cost / resources

Efficiency = doing things at minimum cost (least input for given output). Effectiveness is doing the RIGHT things (achieving the goal).

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Which level of management is responsible for the overall strategy and direction of the organisation?

  1. Operational / supervisory level
  2. Middle level
  3. Top level
  4. Foreman level
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Correct answer: C. Top level

Top management (CEO, board, MD) sets policies, strategy and overall direction. Middle implements; supervisory/operational executes day-to-day work.

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Which of the following is NOT one of the basic functions of management as listed in the chapter?

  1. Marketing
  2. Controlling
  3. Planning
  4. Organising
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Correct answer: A. Marketing

The five functions covered are Planning, Organising, Staffing, Directing and Controlling. Marketing is a business function, not a management function in this taxonomy.

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