Principles of Management — Business Studies STD 12 Commerce — Question

Define the terms motive', 'motivation and motivators'.

Explain briefly the meaning of 'Planning Premises' with the help of a suitable example.

A company comprised of competing divisions, allows its top management to frame policies or sound strategic thinking on various aspects like allocation of resources, funds, etc. In the light of above statement, state the disadvantages of divisional structure.

A company is manufacturing paper plates and bowls. It produces 100000 plates and bowls each day. Due to local festival, it got an urgent order of extra 50,000 plates bowls. Advise how the company will fulfill its order and which method of recruitment would you suggest.

Case 1: Suresh, a member of NGO, is involved in educating the consumers as there is widespread ignorance among them about their rights and reliefs available to them.
Case 2; Mahesh is trading in cereals and pulses for the last ten years. He assumes the moral duty of his business to take care of consumer's interest and avoids any form of their exploitation like adulteration, black marketing etc. Due to this, he has earned a good reputation in the market.

1. Which importance of consumer protection is depicted by Suresh and Mahesh?
2. Name the act which seeks to protect and promote the consumer's interest through speedy and inexpensive redressal of their grievances.

What is meant by ‘political environment’ of business?

Deewan Ltd. is a multinational consulting company with its headquarters at Washington D.C. It hires young people from different countries of the world.
It is a company in which people dream to work because of its work-environment, pay and growth prospectus. The company has a culture of open communication and people of various nationalities work together in a discrimination free environment. The behaviour of managers of Deewan Ltd. emphasizes kindliness and justice which ensures loyality and devotion of workers. It also promotes mutual trust and belongingness among team members. In this way management of Deewan Ltd. is able to achieve its objectives by promoting team work. By doing so managers of Deewan Ltd. are following some principles of management.
Identify and explain any two such principles.

What do you understand by the term 'trading on equity'?
OR
Though Angel Pharma is Eaking huge Proflts every year on a regular basis, it is not able to provide sufftcient dividend to its shareholders. As a result, EPS remains ldentify and explain the concept that can help to resolve the problem.

What is meant by ‘Informal Organisation’? State its any two advantages.

Management is 'multi-dimensional'. Explain the dimensions of management.