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Important Questions

Nature and Significance of Management

Bihar Board · Class 12 · Business Studies

Most important questions from Nature and Significance of Management for Bihar Board Class 12 Business Studies board exam 2026. MCQs, short answer, and long answer questions with marks.

48 questions20 flashcards5 concepts

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A comparison chart illustrating the differences and relationship between effectiveness (doing the right tasks, achieving goals) and efficiency (doing tasks correctly with minimum cost) in management,
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48 Questions·
multiple choicemultiple correcttrue falselong answer

Sample Questions

1multiple correct

Which of the following are characteristics of management? (Select all correct options)

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Goal-oriented process, All pervasive, Continuous process, Group activity

Management is goal-oriented, all pervasive (found everywhere), continuous (ongoing), and a group activity (involves teams). It is not static (it's dynamic) and not individual (it involves groups).

2true false

Management can be considered both an art and a science.

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True

Management has features of both art (skillful application, creativity, personalized approach) and science (systematic body of knowledge, principles based on experimentation). These complement each other.

3multiple correct

Which of the following are features of management as an art? (Select all correct options)

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Existence of theoretical knowledge, Personalized application, Based on practice and creativity

Art involves theoretical knowledge that exists, personalized application (varies from person to person), and is based on practice and creativity. Universal validity and exact predictions are features of science, not art.

4multiple choice

The five functions of management are:

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Planning, Organizing, Staffing, Directing, Controlling

The five universally recognized functions of management are Planning (deciding what to do), Organizing (arranging resources), Staffing (getting right people), Directing (leading and motivating), and Controlling (monitoring performance).

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Frequently Asked Questions

What are the important topics in Nature and Significance of Management for Bihar Board Class 12 Business Studies?
Key topics in Nature and Significance of Management include Effectiveness vs Efficiency — The Critical Difference, Nature and Significance of Management: Complete Concept Map, Chapter Overview: Nature and Significance of Management. These are the concepts Bihar Board Class 12 examiners draw on most — study them first, then practise related questions.
How to score full marks in Nature and Significance of Management — Bihar Board Class 12 Business Studies?
Understand the core concepts first, then work through the 48 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Nature and Significance of Management?
There are 48 practice questions available for Nature and Significance of Management. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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