Nature and Significance of Management — Business Studies STD 12 Commerce — Question

In an organisation all the employees take things easy and are free to approach anyone for minor queries and problems. This has resulted in everyone taking to each other and thus resulting in inefficiency in the office. It has also resulted in loss of secrecy and confidential information being leaked out. What system do you think the manager should adopt to improve communication.

‘Financial market plays an important role in the allocation of scarce resources in an economy by performing various functions.’ Explain any three functions of financial market.

“There is no importance of human resource planning as so many people are available in the market these days”. Do you agree with this statement? Give reasons.

State any three factors that determine the requirements of working capital of a company.

‘Products is a mixture of tangible and intangible attributes’. Discuss.

What do you mean by NOISE in communication process? State four examples.

What does the pyramid (Δ) form of levels of management indicate?

You are working in HR department. Day-by-day you are facing problems due to the existence of informal groups. What steps would you take to manage such informal groups?

You are a management guru. In your opinion, is controlling the last function or the beginning of the process of management?

Name the type of formal communication illustrated in the following examples.

1. Application for grant of leave.
2. Sending notice to employees to attend a meeting.
3. A production manager contacting a marketing manager to prepare a schedule for production.