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

State the main aspects in the concept of planning.

What is the basis of formation of scientific management?

Define the term ‘Leadership’.

Which two steps in the process of controlling are concerned with compelling events to confirm to plan?

Which significance of principles of management is referred through this statement: 'Decisions must be based on facts, thoughtful and justifiable in terms of the intended purposes'?

What do you mean by KRAs?

Name the type of plan which provides the prescribed ways in which a task has to be performed considering the objective.

Why it is said that ‘some advertisements are in bad taste’?

Your grandfather has retired from an organization in which he is responsible for implementing the plans developed by the top management. At which level of management was he working? State one more function performed at this level.

A business must also lay emphasis on protecting the consumers and adequately satisfying them. Give one reason behind it.