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Business Management Interview Questions & Answers - Learning Mode
COOLINTERVIEW.COM BUSINESS MANAGEMENT INTERVIEW QUESTIONS QUESTIONS & ANSWERS - LEARNING MODE

Business Management Interview Questions & Answers - Learning Mode

Business management is the process of developing the strategies, plans, procedures and policies that guide a business on both a day-to-day and long-term basis. It involves coordinating human, financial and material resources to achieve organizational objectives. Studying for a business and management studies degree allows you to develop a broad understanding of business organizations and provides you with subject-specific knowledge in areas such as markets, customers, finance, operations, communication, information technology and business policy and strategy.

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Subcategories for Business Management Interview Questions & Answers - Learning Mode

Following are sub categories for which Interview Questions & Answers are available under Business Management Interview Questions & Answers - Learning Mode. Please select the appropriate sub-category:-

Business Audit Interview Questions & Answers (47) Learning Mode | Exam Mode

Business Ethics Interview Questions & Answers (12) Learning Mode | Exam Mode

Consumer Protection Interview Questions & Answers (11) Learning Mode | Exam Mode

Controlling Interview Questions & Answers (7) Learning Mode | Exam Mode

Directing Interview Questions & Answers (16) Learning Mode | Exam Mode

Financial Management Interview Questions & Answers (25) Learning Mode | Exam Mode

Inventory Planning Interview Questions & Answers (7) Learning Mode | Exam Mode

Organising Interview Questions & Answers (18) Learning Mode | Exam Mode

Planning Interview Questions & Answers (19) Learning Mode | Exam Mode

Principles Of Management Interview Questions & Answers (15) Learning Mode | Exam Mode

Staffing Interview Questions & Answers (12) Learning Mode | Exam Mode

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Business Management Interview Questions & Answers - Learning Mode
Try Business Management Interview Questions & Answers - Exam Mode
Question: What are the functions of a management?

Answer: a. Planning
b. Organising
c. Staffing
d. Directing
e. controlling Source: CoolInterview.com
Question: What are the features management?

Answer: a. Management is a goal oriented process
b. Management is all pervasive
c. Management is a continuous process
d. Management is a group activity
e. Management is an intangible force
Source: CoolInterview.com
Question: State the organisational objective of a management ?

Answer: It refers to the objectives for the whole organisation. While fixing these objectives, management keeps into consideration the benefit of all the related parties (like owner, employee, customer, government, etc.). This also fulfils organisational economic objectives which are survival, profit and growth.
(i) Survival:Every business wants to survive for long. So, management by taking positive decisions with regard to different business activities should ensure that business survives for lon Source: CoolInterview.com
Question: Why is coordination necessary?

Answer: 1."Coordination is the essence of management" i.e. Coordination affects all the functions of management, viz., Planning, Organizing, Staffing, etc.
2.Coordination is a function of management.
3.Coordination is a principle of management, and all other principles are included in this one principle, i.e. Co-ordination is the "Mother Principle".
4.According to Mary Parker Follett, Coordination is the "Plus-value of the group". That is, if there is good Co-ordination then the combined group Source: CoolInterview.com
Question: Explain the briefly the five functions of management?

Answer: Management operates through five basic functions: planning, organizing, coordinating, commanding, and controlling.
(a)Planning: Deciding what needs to happen in the future and generating plans for action(deciding in advance).
(b)Organizing: Making sure the human and nonhuman resources are put into place
(c)Coordinating (or staffing): Creating a structure through which an organization's goals can be accomplished.
(d)Commanding (or leading): Determining what must be done in a situa Source: CoolInterview.com
Question: What is management?

Answer: Management is the art of getting things done through and with the help of others in order to achieve the specific organisational objectives. It is the process of planning, organising, actuating and controlling an organisation operations in order to achieve coordination of human and material resources. Source: CoolInterview.com
Question: What are the main objectives of management towards employees?

Answer: Main objectives of management towards employees are as follows:
(i) To give deserving remuneration.
(ii) To provide good working environment.
(iii) To provide a share in profit. Source: CoolInterview.com
Question: State the personal objectives of a management?

Answer: (a)It refers to the objectives to be determined with respect to the employees of the organisation.
(b)The employees happen to be prudent and sensitive resource for the company. Source: CoolInterview.com
Question: Explain management as profession?

Answer: Management is also a profession. In former days only the occupation of advocates, doctors, priests and were taken as the profession. But now-days the management is also taken as profession. The persons having knowledge, ability and skills can be profession. So the management is getting recognition as a profession. As the characteristics of profession like formal education and training, social sanction, self control, acquisition of knowledge etc are found in management, it is taken as profession. Source: CoolInterview.com
Question: Why management is an art and science?

Answer: It is called an art because managing requires certain skills which are personal possessions of managers. Science provides the knowledge & art deals with the application of knowledge and skills. A manager to be successful in his profession must acquire the knowledge of science & the art of applying it. Source: CoolInterview.com
Question: State the importance of coordination?

Answer: 1.It encourages team spirit,
2.It gives proper direction,
3.It facilitates motivation,
4.It makes optimum utilization of resources,
5.It helps to achieve objectives quickly,
6.It improves relations in the organization,
7.It leads to higher efficiency and
8.It improves goodwill of the organization.
Source: CoolInterview.com
Question: What is coordination?

Answer: The synchronization and integration of activities, responsibilities, and command and control structures to ensure that the resources of an organization are used most efficiently in pursuit of the specified objectives. Along with organizing, monitoring, and controlling, coordinating is one of the key functions of management. Source: CoolInterview.com
Question: State the levels of management?

Answer: a. Top level- BOD, COD, MD, Chairman
b. Middle level- Finance, Sales manager
c. Supervisory level- Supervisor, Foreman Source: CoolInterview.com
Question: State the social objectives of a management?

Answer: It refers to the consideration of the interest of the society during managerial activities. An organisation is established in a society. It runs through the resources made available by the society.
Main social objectives of management are included in the following list:
(i) To make available employment opportunities.
(ii) To save environment from getting polluted.
(iii) To contribute in improving living standard.
Source: CoolInterview.com
Question: State the features of coordination?

Answer: 1. Coordination Integrates Group efforts
2. Ensure Unity of efforts
3. Continuous process
4. Coordination is a pervasive function
5. Coordination is the responsibility of all managers
6. Coordination is a deliberate function. Source: CoolInterview.com

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