Directing — Business Studies STD 12 Commerce — Question

Why is “Management called a group activity”?

"During annual general meeting of Prakash Ltd. CEO, Mr. Rajnesh put the expansion plan for the coming year before shareholders and asked for suitable source of finance to finance manager. Finance manager Mr. Kant proposed issue of debentures than equity with a plan that they can be paid back whenever requirement of funds is over."In the above paragraph, which component affecting financing decision has been highlighted? Explain the component.

Which demerit of planning is highlighted in this statement ‘Middle management and other decision makers are neither allowed to deviate from plans nor are they permitted to act on their own.

Aanurag runs a law firm in Delhi. His firm offers valuable financial and legal consultancy service to the clients. Whenever the firm hire any new employee, on the first day of their joining, they are welcomed to the organisation and are given details about hours of work, leave rules, dress codes, lunch arrangements, introduced to the daily operations and key people in workplace, etc. They are also familiarised with the organisation's policies and procedures including complaints and disputes, resolutions, etc.In the context of above case name the type of training which is being referred in the above case.

State four dimensions of business environment.

At which level of management the managers are responsible for the welfare and survival of the organisation?

Define ‘Directing’ as a function of management.

In functional foremanship, 'route clerk’ is responsible for the quality of work. (True/ False)

Define 'liberalisation' as a process of economic reforms in one sentence.

Who has developed general principles of management?