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

Define fixed assets.

One category of formal organisation structure includes Functional structure. Mention the other one.

Identify the method of sales-promotion in the following cases:
A mobile company offers a discount of ™1000 to clear off excess Inventory.

The Production Manager of Bharat Ltd. instructs a salesman to go slow in selling the product, whereas the Marketing Manager is insisting on fast selling to achieve the target.Which principle of management is being violated in this case? State any one of the consequences of violation of this principle.

Kiran Industries is a company manufacturing office furniture. The company chose to diversify its operations to improve its growth potential and increase market share. As the project was important many alternatives were generated for the purpose and were thoroughly discussed amongst the members of the organisation. After evaluating the various alternatives Sukhvinder, the Managing Director of the company decided that they should add ‘Home Interiors and Furnishings’ as a new line of business activity.
State any two limitations of this framework.

Give one example of psychological barrier.

What does communication that take place independently at the formal line of authority known as?

What is meant by 'sales promotion'?

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 would be the effect of no delegation of work?