KSLU Solved Question Papers
Principles and Practice of Management
Previous Year Question Paper with Solution
B.Com. LL.B. (Five Years) · Sem 2
2025 Jan Examination
munotes.in
Mumbai
B.Com. LL.B. (Five Years) Sem 2 Principles and Practice of Management 2025 Jan Question Paper with Solutions
First published on munotes.in on 9 November 2026.
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The question paper reproduced here is the paper as set by Karnataka State Law University at the 2025 Jan examination.
Contents
The questions below are the paper as Karnataka State Law University set it at the 2025 Jan examination, in the order it was set.
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the 2025 Jan examination, reproduced as Karnataka State Law University set them, in the order it set them. Long reading passages are shortened to their first and last lines and our summary; the original paper prints them in full. Only the answers are ours. See the original question paper.
Duration 3 hours · Total marks 80 · 20 questions answered
Instructions printed on the paper
- N.B. (1) Answer all five Units. (2) One Essay type question and short note/problems is compulsory from each Unit. (3) Figures to the right indicate marks. (4) Answer should be written either in English or Kannada completely.
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
Q1
Unit I
(a)What is management ? Explain the scope and importance of management.[10]
Answer
For full marks, cover: what management is, with a definition and its main features; its scope, both as a set of functions and as functional areas (production, marketing, finance, personnel, purchase, office, research and development), and its use outside business; its importance point by point with examples; a table; and a conclusion.
What is management?
Management is the process of planning, organising, staffing, directing and controlling the work of people. Its aim is to reach the goals of an organisation through the efficient use of its resources. Henri Fayol (1916) described it as a list of activities: "To manage is to forecast and plan, to organize, to command, to co-ordinate and to control."
Management has some clear features:
- It is purposeful, always directed at a goal.
- It is a process, a series of linked functions repeated again and again.
- It is a group activity, getting work done through others.
- It is universal, needed in every kind of organisation.
- It is invisible in itself, but its results can be seen in output, order and satisfied people.
The word is also used for the group of people who manage, as in "the management has announced a bonus", and for a discipline taught and studied.
Scope of management
The scope of management means the range of work it covers. It can be seen in three ways.
A. Scope as functions. Every manager plans, organises, staffs, directs and controls. These functions are performed at every level, from the managing director to the supervisor. Only the time given to each differs.
B. Scope as functional areas of business. Management is applied to each department of an enterprise.
- Production management covers plant location and layout, production planning, quality control, inventory and maintenance.
- Marketing management covers market research, product planning, pricing, advertising, sales promotion and distribution.
- Financial management covers estimating funds, raising them from suitable sources, investing them and managing working capital and profits.
- Personnel (human resource) management covers recruitment, selection, training, appraisal, wages, welfare and industrial relations.
- Purchase management covers buying materials of the right quality, at the right price and time, from the right suppliers.
- Office management covers records, correspondence, office systems and communication.
- Research and development covers new products, new processes and improvements to existing ones.
- Transport and storage cover moving goods and keeping them safe until they are used or sold.
C. Scope beyond business. Management is applied in government departments, hospitals, schools, banks, armed forces, temples, clubs and charities. A district collector, a hospital superintendent and a school principal all manage. This shows that management is universal.
Importance of management
1. It turns resources into results. Money, materials, machines and people do nothing by themselves. Management combines them into goods and services. Two firms with the same resources can earn very different profits because one is better managed.
2. It sets and achieves goals. Management decides what the organisation should achieve and directs every effort towards it. Without it, people would pull in different directions.
3. It reduces cost and waste. Good planning and control cut idle time, spoilt work and excess stock. Lower costs mean lower prices and wider markets.
4. It brings unity and co-ordination. Production, sales, finance and personnel have different views. Management makes them work as one team.
5. It handles change. Tastes, technology, competition and government policy keep changing. Management watches these changes and adapts plans in time. Firms that fail to adapt decline.
6. It builds a sound organisation. It fixes duties, authority and relationships. Each person knows what to do and whom to report to, which avoids confusion.
7. It develops people. Through training, motivation and fair rewards, management raises the skill and morale of employees. Satisfied employees stay longer and work better.
8. It supports innovation. Management encourages new ideas, products and methods. This keeps the firm ahead of rivals.
9. It serves society. A well-managed firm supplies better goods at fair prices, creates jobs, pays taxes and uses resources carefully. A badly managed firm wastes scarce national resources.
10. It promotes national progress. A country's land, labour and capital are of little use without people who can organise them. Well-managed industries, banks and public bodies raise national income and living standards.
Summary table
| Aspect | What it covers |
|---|---|
| Scope as functions | Planning, organising, staffing, directing, controlling |
| Scope as functional areas | Production, marketing, finance, personnel, purchase, office, R and D, transport |
| Aspect | What it covers |
|---|---|
| Scope beyond business | Government, hospitals, schools, banks, armed forces, charities |
| Importance to the firm | Results from resources, goals, low cost, co-ordination, adaptability |
| Importance to people and society | Employee growth, better goods, jobs, national progress |
An example
Two textile mills in the same town buy the same machines and hire workers at the same wages. The first plans its output to match orders, trains its workers and checks quality daily. The second buys cotton without a plan, has no training and finds faults only when buyers return goods. Within a few years the first mill expands while the second closes. The difference lies in management.
Conclusion. Management is the process that gets things done through people towards set goals. Its scope is wide: it covers every function a manager performs, every department of a business and every kind of organisation outside business. Its importance follows from that reach. No organisation can turn resources into results, adapt to change or serve its people and society without it. Good management is therefore the deciding factor between the success and failure of an enterprise.
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