Management Interview Questions And Answers

Management Interview Questions list for experienced

  1. MANAGEMENT ACCOUNTING
  2. Nature or characteristics of Management Accounting
  3. What is the Decentralisation of Authority?
  4. What is the Centralization of Authority?
  5. What do you mean by Departmentation?
  6. What is the Delegation of Authority?
  7. Process of Delegation
  8. What is Directing?
  9. What do Leadership Traits mean?
  10. What is Coordination?
  11. What is Management Information System?
  12. What is Planning?
  13. What is Organising?
  14. What is Authority and Responsibility?
  15. What is Controlling?
  16. What is Budgetary Control?
  17. What is Management Audit?
  18. What is PERT?
  19. What is CPM?
  20. What is Management by Objectives?
  21. What is Direct Supervision and Observation?
  22. What are the various different elements of management?
  23. What are the characteristics of management?
  24. What is the significance of Management?
  25. What do you mean by system theory?
  26. What do you mean by Chaos theory ?
  27. What do you understand by Contingency /situational approach ?
  28. What do you mean by Hr approach of management?
  29. What are the significance of managerial skills for the organisation?
  30. What is inter-personal role in management?
  31. What are the informational roles in managements roles ?
  32. What are the decisional roles in management?
  33. What are the features of Planning?
  34. What is the significance of planning?
  35. What are the advantages of planning?
  36. What are the disadvantages of Planning process?
  37. What is objectives and what are the features of objectives?
  38. What are strategies and what are its features?
  39. What are policies and what are its features?
  40. What are RULES and its features?
  41. What are the types of Rules?
  42. What are the steps in process of planning?
  43. What is single use plan?
  44. What is standing or repeat use plans?
  45. What do we understand by Organising?
  46. What are the 2 concepts of ORGANISING?
  47. What are the process of Organising?
  48. What is the significance of Organising?
  49. What is Staffing?
  50. What are the features of staffing?
  51. What are the significance of staffing?
  52. What is HRP ?
  53. What is recruitment in staffing?
  54. What is selection in staffing?
  55. What is placement and induction ?
  56. What is training and development in staffing?
  57. What is appraisal in staffing?
  58. What is promotion in staffing?
  59. What is compensation and remuneration in staffing?
  60. What are the features of coordination ?
  61. What is the need of coordination ?
  62. Why coordination is considered as an integral function?
  63. What is Vertical form of coordination?
  64. What is horizontal coordination?
  65. What are the features of controlling?
  66. What are the characteristics of communication in management ?
  67. What are the various functions of communication In management?
  68. What is formal communication in management?
  69. What are the advantages of formal communication?
  70. What are the disadvantages of formal communication?
  71. What is formal communication networks?
  72. What is Grapevine or informal communication?
  73. What are the advantages of Grapevine communication?
  74. What is oral communication?
  75. What is written communication?
  76. What is Downward communication?
  77. What is the advantage of downstream communication?
  78. What is lateral or horizontal communication?
  79. What are the advantages of lateral or horizontal communication?
  80. What is Diagonal /crosswise communication?
  81. What are the advantages and disadvantages of diagonal communication?
  82. What is non verbal communication ?
  83. What do you understand by managerial economics?
  84. What is the nature of managerial economics ?
  85. What is the scope of managerial economics ?
  86. What is the importance of managerial economics ?
  87. What is the process of decision making?

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Top Management interview questions and answers for freshers and experienced

What is Management ?

Answer :

Questions : 1 :: MANAGEMENT ACCOUNTING

Question 9. What is management accounting? Answer 9. The term 'Management Accounting ' represents a merger of two words  'Management' and 'Accounting ' . Management refers to the function of...View answers

Questions : 2 :: Nature or characteristics of Management Accounting

Question 10. What are the nature or Characteristics of Management Accounting? Answer 10.   1. BOTH AS A SCIENCE AND AN ART - In management accounting data are collected systematically and...View answers

Questions : 3 :: What is the Decentralisation of Authority?


Decentralization is the tendency to disperse decision-making authority in an organization structure. To the extent authority is not delegated, it is centralized. There could be absolute...View answers

Questions : 4 :: What is the Centralization of Authority?

Centralization of authority refers to the concentration of decision making power in the hands of top management. The top management does not delegate the power of decision making to the lower...View answers

Questions : 5 :: What do you mean by Departmentation?

Departmentation is a process of grouping activities into units for all the purposes of effective management. Each unit is called a department. In the words of Pearce and Robinson,...View answers

Questions : 6 :: What is the Delegation of Authority?


A process by which a manager assigns tasks and authority to subordinates who accept responsibility for those jobs. Delegation is a process by which a superior transfers formal authority to his...View answers

Questions : 7 :: Process of Delegation

PROCESS OF DELEGATION There are four distinct stages in the delegation process, although it does not always follow the same pattern of stages. These are shown as follows: Stage...View answers

Questions : 8 :: What is Directing?

Directing involves instructing, guiding, and inspiring people in the organization to achieve desired objectives.  According to J.L. Massie "Directing concerns the total manner in which a...View answers

Questions : 9 :: What do Leadership Traits mean?


Leadership is the activity of influencing people to strive willingly for group objectives. In other words, Leadership is the ability to secure desired actions from a group of followers voluntarily,...View answers

Questions : 10 :: What is Coordination?

synchronizing of efforts of the subordinates to provide the proper amount, timing and quality of execution so that their unified efforts lead to the stated objective, namely the common purpose of the...View answers

Questions : 11 :: What is Management Information System?

The MIS is a tool rather than a technique to control activities. In MIS, a data bank is maintained. Information is collected from the internal and external environment, and after analyses, the data...View answers

Questions : 12 :: What is Planning?

Planning is deciding in advance what to do, how to do it, when to do it, and who is to do it. Planning provides a sense of direction to business activities. If you don't know where you are going, no...View answers

Questions : 13 :: What is Organising?

Organising is the process of identifying and grouping the work to be performed, defining and delegating authority and responsibility, and establishing a pattern of relationships to enable people to...View answers

Questions : 14 :: What is Authority and Responsibility?

Authority is a power given to managers to take decisions. Responsibility means something that is your job or duty. There should be a balance between authority and responsibility. Authority must be...View answers

Questions : 15 :: What is Controlling?

Controlling is a process of monitoring actual performance, and taking corrective measures, if required. It also means determining what is being accomplished, that is, evaluating the performance, and...View answers

Questions : 16 :: What is Budgetary Control?

Budgets are statements of anticipated results. They can be expressed either in monetary terms such as in the case of revenue and expense budgets or in non-monetary terms such as in the case of...View answers

Questions : 17 :: What is Management Audit?

Management audit refers to the systematic evaluation of the functioning, performance, and effectiveness of the management of an organisation. The management audit is conducted by a team of experts....View answers

Questions : 18 :: What is PERT?

Programme Evaluation Review Technique i.e. PERT is based on expected completion time, computed from three estimates of time - the optimistic time, the pessimistic time, and the most likely time. The...View answers

Questions : 19 :: What is CPM?

Critical Path Method i.e. CPM is based on a single estimate of the time required for the completion of activities. The CPM technique is used for projects like construction and maintenance...View answers

Questions : 20 :: What is Management by Objectives?

The MBO technique can be used for planning as well as controlling activities in key result areas. In MBO, the superior and subordinate managers jointly define goals and frame plans. The subordinate...View answers

Questions : 21 :: What is Direct Supervision and Observation?

In any organisation, superiors directly supervise and observe the performance of their subordinates. Through supervision and observation, superiors can determine whether the subordinates perform...View answers

Questions : 22 :: What are the various different elements of management?

Answer- Management is an art of managing different people and other resources of an organisation. It gives various theories ,tools and techniques to increase the overall productivity of the...View answers

Questions : 23 :: What are the characteristics of management?

Answer- 1.Profession- It is a profession because it has a systematic body ,principles and procedures that aims at achieving stipulated objectives . 2.Economic function - Management function is an...View answers

Questions : 24 :: What is the significance of Management?

Answer - 1. Planning reduces wastage of physical and human resources. 2.It assists in effective achievement of organisational goals. 3.Coordinates between various level of organisations. 4.Works...View answers

Questions : 25 :: What do you mean by system theory?

Answer- System theory is one of the most prevalent organisation theory. System theory is a part of modern management. The institutions are either considered open or closed system. There is an...View answers

Questions : 26 :: What do you mean by Chaos theory ?

Answer - Chaos theory finds its roots in mathematical science and adapted in management. It treats the organisation as a system but it is very complicated,non linear and dynamic. Non linear sytem...View answers

Questions : 27 :: What do you understand by Contingency /situational approach ?

Answer- Contingency approach is a modern theory of management. It is also known as situational approach. It implies that one size does not fit to all ,That is - management's efficency is dependent...View answers

Questions : 28 :: What do you mean by Hr approach of management?

1.Hr or human resource approach was propounded by elton mayo . 2.Hr approach focuses on study of motivation,conflict and informal organisation. 3.Hr approach also focuses on management getting...View answers

Questions : 29 :: What are the significance of managerial skills for the organisation?

Answer - 1. It helps in easy administration. 2.Cordial relationship between various levels of management (top,middle and bottom) 3.It helps in optimum utilisation of resources . 4.It helps in...View answers

Questions : 30 :: What is inter-personal role in management?

Answer- Inter -personal roles are the ones that deals with the human beings . Examples are for making networks ,i.e.liasions ,motivating people through leadership and emissioning and inspiring the...View answers

Questions : 31 :: What are the informational roles in managements roles ?

Answer- Informational roles deals with gathering information and analysing them to share with the teammates. As monitor the manager serves as the main role ,a disseminator he transfers and collects...View answers

Questions : 32 :: What are the decisional roles in management?

Answer- Decisional roles deals with takng decisions related for the betterment of the organisation. Thse are - 1. ENTREPRENEUR - Manager acts like an entrepreneur where he runs his small business...View answers

Questions : 33 :: What are the features of Planning?

Answer- Planning focuses on looking forward and forecasting is an essential element of planning Features of planning are - 1.Goal oriented -focus on achieving pre planned goals 2.Prime activity -...View answers

Questions : 34 :: What is the significance of planning?

Answer- 1. Planning enhances efficency of the organisation and helps in the organising of work. 2.Planning facilitates coordination between various processes. 3 Planning builds the morale of a...View answers

Questions : 35 :: What are the advantages of planning?

Answer- The advantages of Planning process are- 1. Planning focuses on objectives and goals. 2.Planning helps in optimum utilisation of resources there by reducing wastage of...View answers

Questions : 36 :: What are the disadvantages of Planning process?

Answer- Disadvantages of planning are - 1.Planning is costly and it consumes time. 2.Planning is prone to human risk error and there can be a danger of under and over targeting than what is...View answers

Questions : 37 :: What is objectives and what are the features of objectives?

Answer- Objectives - These are the goals desired by the organisation .It gives direction to organisation activities,serving as benchmark for getting the effectiveness and efficency in the...View answers

Questions : 38 :: What are strategies and what are its features?

Answer- Startegies- Strategy is a policy that has been formulated by the top level managers for the purpose of interpreting and shaping the meaning of other policies . Features of strategy...View answers

Questions : 39 :: What are policies and what are its features?

Answer- Policies - Policies are kind of a plan that acts as a directive force that aims at providing a stable and endless framework for executing  the actions on repeated managerial...View answers

Questions : 40 :: What are RULES and its features?

Answer- RULES - Rules are most uncomplicated type of plan that helps in controlling the business. Features- 1.Rules is just a statement which tells what a person can do and what he is not allowed...View answers

Questions : 41 :: What are the types of Rules?

Answer- 1. Folklore- These are the rules which are not published and is communicated through behaviour and are understood implicitly. 2. Guidelines- Guidelines are generally published and...View answers

Questions : 42 :: What are the steps in process of planning?

Answer- 1. We have to analyse exterior business environment. 2.We have to analyse interior business environment. 3.Determining the mission as to why the business exists. 4.Determining the...View answers

Questions : 43 :: What is single use plan?

Answer - Single use plans - A single use plan cannot be used repeatedly ,these plans aim at getting a single goal ,that is of short term in nature .It includes programmes and budgets .They are non...View answers

Questions : 44 :: What is standing or repeat use plans?

Answer- Standing plans- These are the plans that are for long run they are recurring in nature .These plans are made using past data and hence involves informed decisions. These plans include the...View answers

Questions : 45 :: What do we understand by Organising?

Answer- Organising is one of the function of management . It is the second function of management . It deals with the development of organisational structure and allocation of various resources to...View answers

Questions : 46 :: What are the 2 concepts of ORGANISING?

Answer- The 2 concepts of organising are- 1. THE STATIC CONCEPT - In this concept  the phrase organisation connects a structure ,a firm ,organisation or a system  of specific...View answers

Questions : 47 :: What are the process of Organising?

Answer- 1.Determination of objectives- Without objectives the firm cannot organise itself ,identifying primary objectives is important because the structure of an organisation is built on the basis...View answers

Questions : 48 :: What is the significance of Organising?

Answer- 1.Organising promotes specialisation by systematically allocating jobs. 2.Effective administration clarity in job descriptions and superior subordinate relationship. 3.Changes can be...View answers

Questions : 49 :: What is Staffing?

Answer- Staffing is a managerial function with aim to put person to work .It aims to find right person for the right work .If forms part of human resource management. It is the function by which...View answers

Questions : 50 :: What are the features of staffing?

Answer- 1 . Staffing is important managerial function because human resource runs the organisation thus selection and retention of competent human resource is crucial and critical . 2.The process...View answers

Questions : 51 :: What are the significance of staffing?

Answer- 1.It helps in getting right person for the right job. 2.When right person is appointed for right job it leads to high performance ,and high productivity. 3.It also helps in removing...View answers

Questions : 52 :: What is HRP ?

Answer- 1.HRP stands for human resource planning. 2.It deals with the estimating of manpower requirements as this encompasses estimating and deciding how many people are required and what kind of...View answers

Questions : 53 :: What is recruitment in staffing?

Answer- 1. Recruitment is the process that searches for prospective and potential candidates for the jobs. 2. It is a positive process as it allows people to apply for the jobs . 3.It is the...View answers

Questions : 54 :: What is selection in staffing?

Answer- 1.Staffing is a process that deals with the selection of candidates. 2.The selected candidates are from the pool of candidates from recruitment process. 3.It is called a negative process...View answers

Questions : 55 :: What is placement and induction ?

Answer - On the day of joining ,the employee is supposed to be placed on the position for which he has been selected and he is best suited.Induction is the process where the employee is introduced...View answers

Questions : 56 :: What is training and development in staffing?

Answer- Once the employee reports on duty and is introduced to the work ,it is the duty of manager to train the candidate for performing the said job .The existing capacities of the newly recruited...View answers

Questions : 57 :: What is appraisal in staffing?

Answer- It is the process where there is a discussion between the employee and the manager .The employee is rated on the basis of his performance and other criterias set up by the organisation.It is...View answers

Questions : 58 :: What is promotion in staffing?

Answer- Promotion is done if the appraisal shows that the employee has developed various skills and he is capable of holding higher and challenging situations ,then after that he is promoted to the...View answers

Questions : 59 :: What is compensation and remuneration in staffing?

Anawer- Human resources are to be remunerated or compensated for the services rendered by them. The final step is making equal and fair remuneration to the person . This step is important because...View answers

Questions : 60 :: What are the features of coordination ?

Answer- 1. Coordination interrelates various parts of work and job . 2.It promotes healthy relationship between employees especially those belonging from different departments . 3.It helps in...View answers

Questions : 61 :: What is the need of coordination ?

Answer- 1.Growth in size -as the firm size gradually increases there is a greater need of coordination to integrate the work of various organisational departments . 2.Functional differentiation-...View answers

Questions : 62 :: Why coordination is considered as an integral function?

Answer- 1.Coordination through Planning- Planning helps in coordinating by encompassing various plans and strategies through mutual exchange of thoughts and discussion. 2.Coordination through...View answers

Questions : 63 :: What is Vertical form of coordination?

Answer- Vertical coordination aims at connecting tasks at higher level and lower level of the organisation .Effective vertical coordination is based on - 1.Level of formalisation is the extent to...View answers

Questions : 64 :: What is horizontal coordination?

Answer- Horizontal coordination focuses on coordinating between the activities which are on similar level are of similar nature but they belong to different departments Horizontal coordination aims...View answers

Questions : 65 :: What are the features of controlling?

Answer- 1.It is forward looking and aims at controlling what will happen in future. 2.It is also backward looking process because it constantly looks at the past performance. 3.It is a continous...View answers

Questions : 66 :: What are the characteristics of communication in management ?

Answer- 1.It is a two way and ongoing process. 2.It is a pervasive and creates mutual understanding in the organisation. 3.It consists of ideas ,emotions and facts . 4.It comprises of flow of...View answers

Questions : 67 :: What are the various functions of communication In management?

Answer- 1.Information can be shared related to politics ,rules etc. 2.It helps in giving instructions ,commands and orders. 3.It is good for influencing and persuading order to accept. 4.It...View answers

Questions : 68 :: What is formal communication in management?

Answer- 1.Formal channel of communication is also known as official channel of communication. 2.It is a key network used by an organisation for communication. 3.Formal communication follows the...View answers

Questions : 69 :: What are the advantages of formal communication?

Answer- 1.There is an orderly form of communication which covers all sub systems. 2.The message gets filtered . 3.It satisfies top lovel managers by assisting them in...View answers

Questions : 70 :: What are the disadvantages of formal communication?

Answer- 1.It passes restriction on flow of information. 2.It is rigid slow and expensive . 3.It is generally transmitted through writing hence are time consuming. 4.As the information passes...View answers

Questions : 71 :: What is formal communication networks?

Answer- FORMAL CHANNEL COMMUNICATION - It refers to the pattern of communication channels between group members or among positions in an organisation. THESE ARE OF 4 TYPES - 1. Circle- Here the...View answers

Questions : 72 :: What is Grapevine or informal communication?

Answer- 1.A grapevine ot informal communication is the network among people in an organisation that is not officially sanctioned by the organisation. 2.An informal communication is the one that is...View answers

Questions : 73 :: What are the advantages of Grapevine communication?

Answer- 1.A grapevine or informal communication provides us with valuable feedback and gives support to formal communication. 2.A grapevine or informal comminication gives psychological...View answers

Questions : 74 :: What is oral communication?

Answer- 1.Oral conmunication is the one that is spoken communication where the information is transmitted through speech or words. 2.Speaking is far more easy and common than writing in an...View answers

Questions : 75 :: What is written communication?

Answer- 1.Written communication is not the same as oral communication. 2.It requires transfer of relevant information through various mediums like letters ,memos,posters ,advertisements ,emails...View answers

Questions : 76 :: What is Downward communication?

Answer- 1.It goes from higher authority to its subordinates. 2.It includes notices ,orders ,job sheets ,handbooks etc 3.It is based on the assumption of authority. 4.It is also known as...View answers

Questions : 77 :: What is the advantage of downstream communication?

Answer- The rules ,policies ,procedures are communicated through downward communication. Thus it facilitates in flow of order,authority and objectives.

Questions : 78 :: What is lateral or horizontal communication?

Answer- It means sharing of information ,ideas and facts between various departments and individual working at the managerial level. It helps in communicating with people of equal status. It...View answers

Questions : 79 :: What are the advantages of lateral or horizontal communication?

Answer- 1.It creates mutual understanding and builds coordination. 2.Interdepartmental and intradepartmental issues are solved automatically. 3.Various issues are solved at lower levels...View answers

Questions : 80 :: What is Diagonal /crosswise communication?

Answer- It happens when the junior goes around beyond his defined organisational limits and communicates to another boss.Neither the junior nor the boss belong to the same department.It helps in...View answers

Questions : 81 :: What are the advantages and disadvantages of diagonal communication?

Answer- Advantages- 1.It leads to instant communication and the junior can directly discuss other functional issues with the concerned authority. 2.A finance executive manager can gain by directly...View answers

Questions : 82 :: What is non verbal communication ?

Answer- 1.There are other modes of communication which do not involve use of words . 2.Non verbal communication uses drawings ,symbols ,pictures and sounds to communicate. 3.Various emotions like...View answers

Questions : 83 :: What do you understand by managerial economics?

Answer- The study of economics its theories ,econometric models and tools of analysis can helps the managers in there understanding of the market behaviour for taking business or firm related...View answers

Questions : 84 :: What is the nature of managerial economics ?

Answer- 1.It is considered as the study of decisions ,helping in decisions of a firm related to economy. 2.It is the part of applied economics for business. 3.It is micro economic that is only...View answers

Questions : 85 :: What is the scope of managerial economics ?

Answer- 1.For making choices in firm ,i.e what to produce . 2.Choosing the factors of production and ascertaining quantity to be produced and learn various market structure. 3.To decide the price...View answers

Questions : 86 :: What is the importance of managerial economics ?

Answer- 1.It helps in forecasting demand and supply at macro level . 2.It assists in planning for production ,capacity and product mix for the company. 3.It ascertains the economic viability of...View answers

Questions : 87 :: What is the process of decision making?

The steps in the process of decision-making are as follows: 1. Defining the Problem 2.Collection of Data 3. Identifying Alternative Solutions 4. Evaluating the Alternatives 5. Selecting Best...View answers
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