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

What is the main objective of simplification in scientific management?

A company wants to establish a new unit in which machinery worth Rs.10 lakhs is involved. Identify the type of decision involved in financial management.

Manager of XYZ Ltd. is over burdened with routine work and is unable to concentrate on its objectives and other important issues of the firm. To solve this problem which management concept should be followed by the manager? Also explain the related function.

“The Principles of Management are different from those used in pure science.” Write any one difference.

An accountant is sent to learn the new software for accounting to prepare the books of accounts faster and accurately. He was further sent to orientation to improve his motivational and conceptual skills.(i) Identify and explain the two concepts explained above.(ii) Differentiate these concepts on the basis of suitability, method used and nature.

Haldiram is selling fast food to the customers. Write the name of channel of distribution used by the company.

Name the theory which is associated with both FW Taylor and Henry Fayol.

It is mandatory to give a statutory statement on the Mutual Fund Investment documents— “Mutual Fund Investments are subject to market risk. Please read the offer document carefully before investing”. Identify the dimension of business environment being highlighted here.

'In an organisation employees are happy and satisfied, there is no chaos and the effect of management is noticeable.' Which characteristic of management is highlighted by this statement?

State the main aspects in the concept of planning.