12th Commerce - Book Back Answers - Chapter 3 - English Medium Guides

  

 

Plus Two / 12th Commerce - Book Back Answers - Chapter 3 - English Medium

Tamil Nadu Board 12th Standard Commerce - Chapter 3: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Chapter 3 – Commerce from the Tamil Nadu State Board 12th Standard textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Commerce Chapter 3 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 12 students! Prepare well and aim for top scores. Thank you!

Chapter 3  

Management By Objectives (MBO)

Management By Exception (MBE)

I. Choose the correct answer.

1. ______System gives full Scope to the Individual Strength and Responsibility?
a)MBO           
b)MBE         
c)MBM        
d)MBA
Answer Key:
a)MBO

2. Which is the First step in Process of MBO?
a)Fixing Key Result Area            
b)Appraisal of Activities
c)Matching Resources with Activities    
d)Defining organisational objectives
Answer Key:
d)Defining organisational objectives

3. ____ keeps management Alert to Opportunities and Threats by identifying Critical Problems?
a)MBA           
b)MBE        
c)MBM              
d)MBO
Answer Key:
b)MBE    

4. Delegation of Authority is Easily Done with the help of ____?
a)MBM            
b)MBE        
c)MBO        
d)MBA
Answer Key:
c)MBO

5. MBO is popularised in the USA by ____?
a)Prof.Reddin      
b)George Odiorne     
c)Henry Fayol        
d)F.W.Taylor
Answer Key:
b)George Odiorne

II. Very short answer questions.

1. What are the objectives of MBO?
Answer Key:

• To measure and judge performance
• To relate individual performance to organizational goals
• To clarify both the job to be done and the expectations of accomplishment

2. Bring out the meaning of MBE?
Answer Key:

• Management by exception is an important principle of managerial control suggested by the classical writers on management.
• It is based on the belief that an attempt to control everything results in controlling nothing.

3. Mention any two advantages of MBO?
Answer Key:

The two advantages of MBO are:

• Manager recognizes the need for planning and appreciates the planning.
• Delegation of authority is easily done with the help of MBO.
• The responsibility of a worker is fixed through MBO.

4. What is known as KRA?
Answer Key:

• Key Result Areas are fixed on the basis of organizational objectives premises.
• Key Result Areas (KRA) are arranged on a priority basis.
• KRA indicates the strength of an organisation.

III. Short answer questions.

1. Write the features of MBO?
Answer Key:

• MBO tries to combine the long run goals of organisation with short run goals.
• Management tries to relate the organisation goals with society goals.
• MBO’s emphasis is not only on goals but also on effective performance.

2. What are the process of MBE?
Answer Key:

• Primarily, it is necessary to set objectives or norms with predictable or estimated results.
• These performances are assessed and get equated to the actual performance.
• Next, the deviation gets analyzed.

3. List out any three process of MBO?
Answer Key:

• Defining Organizational Objectives
• Goals of Each Section
• Fixing Key Result Areas                                        
• Appraisal of Activities

IV. Long answer questions.

1. What are the major advantages of MBO?(any-5)
Answer Key:

• Manager recognizes the need for planning and appreciates the planning.
• Delegation of authority is easily done with the help of MBO.
• The responsibility of a worker is fixed through MBO.
• MBO gives the criteria of performance. It helps to take corrective action.
• Systematic evaluation of performance is made with the help of MBO.

2. What are the advantages of MBE? (any-5)
Answer Key:

• It saves the time of managers because they deal only with exceptional matters.
• It focuses managerial attention on major problems.
• It facilitates delegation of authority.
• It is a technique of separating important information from unimportant one.
• Management by exception provides better yardsticks for judging results.

3. Discuss the disadvantages of MBE?

Answer Key:

• The main disadvantage of MBE is, only managers have the power over really important decisions, which can be demotivating for employees at a lower level.
• Furthermore, it takes time to pass the issues to managers.
• Managing employees who deviate from the normal procedures.
• Because of compliance failures are considered difficult to manage and typically find themselves with limited job duties and ultimately dismissed/terminated.

 

Prepared By:

 

B. MUTHUKUMAR 
PG ASST COMMERCE
MKVK MATRIC HR SEC SCHOOL 
TENKASI