Principles of Management — Business Studies STD 12 Commerce — Question

'Management cannot be seen.’ Explain.

'Resources should be put to use in such a manner that they should give maximum benefit with minimum cost'. Mention the importance of principles of management highlighted in the statement.

Through a travel agent company, Sakshi, along with her family, went to Goa with group of 40 people. They were promised stay at a five star hotel but when they were provided a three star hotel, all passengers were frustrated. They planned to file a case in the consumer court after returning. What can Sakshi and others claim in the court against this non-commitment of the travel agent company?

Explain in brief ‘Management as a Process'.

What does allocation as a function of intermediaries involve?

Which type of training is a joint programme of training in which educational institutions and business firms cooperate?

In the paint industry, various raw materials are mixed in different proportions with petroleum for manufacturing different kinds of paints. One specific raw material is not readily and regularly available to the paint manufacturing companies. Bonler Paints Company is also facing this problem and because of this there is a time lag between placing the order and the actual receipt of the material. But, once it receives the raw materials, it takes less time in converting it into finished goods.
Identify the factor affecting the working capital requirements of this industry.

What is the purpose of enacting the Consumer Protection Act 1986?

Name and explain the first three steps of the function of management shown in the picture.

Why is it the social responsibility of a businessman to supply standard goods to consumers?