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Question
What is meant by 'Management'?
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Solution
Management is a process wherein various activities and functions are performed to achieve
the various goals and objectives of an organisation in an effective and efficient manner.
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Explain any four features of management.
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Sana is the branch manager of ABC Handicrafts Pvt. Ltd. The company’s objective is to promote the sales of Indian handloom and handicraft products. It sells fabrics, furnishings, ready-mades and household items are made out of traditional Indian fabrics.
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Match the CHARACTERISTICS of management in Column I with their correct EXPLANATIONS in Column II :
| Column I | Column II | |
| (i) | Goal-oriented process | Management is a complex activity involving management of people, work and operations. |
| (ii) | Group activity | Some aims and objectives are the basic reason for existence of an organisation. |
| (iii) | Multi-dimensional | Diverse individuals with different needs work together to fulfill the common organisational goal. |
|
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What function of management involves arranging resources and assigning chores in a family or organization?
