Marketing — Business Studies STD 12 Commerce — Question

How does planning reduce the risk of uncertainty?

What do you mean by subordination of individual interest to general interest?

Manav, a post graduate in English, is successfully running his family business. All of a sudden, he thought of taking employment and got a job of finance manager in a company, on the basis of his experience and efficiency.

1. Do you think his appointment is valid?
2. Was it not necessary for him to be a part of professional association to attain the post?

Flavours Ltd. was engaged in the business of making handmade chocolates. Lately, the business was expanding due to good quality and reasonable prices. As the demand was increasing, Flavours Ltd. decided to explore bakery products as well. In order to make bakery products the company directed its workforce to work overtime but this resulted in multiple problems.
Due to increased pressure the efficiency declined and the workers had to take orders from more than one superior. Workers were overburdened and their health was also affected. Gradually the quality of the products begins to decline and market share also went down. The company realised that they had implemented changes without waiting for the required infrastructure.
Identify the explain the principles/ technique of Taylor/ Fayol referred to in the above para.

Distinguish between authority and responsibility on the basis of:

1. Direction or flow.
2. Delegation.
3. Origin.

How does management help in the development of society?

Explain in brief, management as a dynamic function.

"Securities and Exchange Board of India (SEBI) is the watchdog of the securities market." Do you agree? Give four reasons in support of your answer.

AM Arya is an overburdened manager of XYZ Ltd. He wants to take help from his subordinates. How? Explain the three important points, which he should keep in mind while taking such help.
OR
List the elements of delegation of authority.

Explain delegation of authority.