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Business Management Interview 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 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:
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:
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:
Question: What are the functions of a management?

Answer: a. Planning
b. Organising
c. Staffing
d. Directing
e. controlling Source:
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:
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:
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:
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.
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:
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
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:
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:
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.
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:
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:


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Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
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A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
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