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Question of 23

Q.(i) It is a force that binds all the fuctions of management :
(A) Cooperation
(B) Co-ordination
(C) Planning
(D) Management hierarchy

(ii) The concept work study techniques includes :
(A) Time study
(B) Motion study
(C) Fatigue study
(D) All of these
(iii) The application of which prinicple of management leads to higher produdction :
(A) Discipline
(B) Equity
(C) Division of work
(D) Order
(iv) .................. principle of management given by Fayol aims at preventing overlapping of activities.
(v) .................... is a plan that lays down a required course of action with regard to a situation.
(vi) SEBI stands for .................... .
(vii) Financial leverage is also known as trading on .................. .
(viii) .................. gives identity to the product.
Jammu Kashmir JkboseJKBOSE Class 12 Annual Regular Examination (Commerce) 2024Subjective· 8mImportance★★★★★
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Eight 1-mark objective items covering management principles, financial management and marketing — answered individually.

(i)

Co-ordination is the force that binds (synchronises) every management function into one unified effort.

Management consists of five separate functions — planning, organising, staffing, directing and controlling — each performed by different people at different levels, often simultaneously. Without a unifying force, these separate efforts would pull in different directions and defeat the organisation's objectives.

  • Cooperation (option A) is only a willingness to help; it does not synchronise effort.
  • Co-ordination (option B) is the orderly synchronisation of the efforts of all departments and individuals so that unity of action is achieved in pursuit of a common goal — it is called 'the essence of management' precisely because it binds every function together.
  • Planning (option C) is only one of the five functions, not the binding force.
  • Management hierarchy (option D) is merely the chain of authority levels, not a binding force. …

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