Principles of Management — Business Studies STD 12 Commerce — Question

What is meant by training?

What is included in ‘Legal Environment’ of Business? State.

Suman bought a box of cheese of a reputed brand from a local shopkeeper. On opening the box she found a piece of stone in the cheese. She reported the matter to the shopkeeper who forwarded her complaint to the concerned company. Within a week the representative of the company visited Suman's residence with an apology and as a replacement offered her a new cheese pack with four other varieties of cheese as compensation for the inconvenience to her.
State the consumer right which Suman exercised.

What is the basis of formation of scientific management?

Why are money market instruments more liquid as compared to capital market instruments?

One of the functions of management injects life in the organisation. Name that function.

Enumerate any two objectives of organising.

Bhagwati Enterprises is a company engaged in the marketing of air conditioners of a famous brand. The company has a functional structure with four main functions; purchases, sales, finance and staffing. As the demand for the product grew, the company decided to recruit more employees. Identify the concept which will help the Human Resource Manager to find out the number and type of personnel available so that he could decide and recruit the required number of persons for each department.

Give an example of ‘Employee Recognition Programmes’ as a non financial incentive.

Whose principles are more general in nature having input of flexibility?