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

How do principles of management provide managers with useful insights in real world situations? State.

Management is only required in business organizations, it is not required in Not-for-profit organizations like clubs, charitable institutions etc. Do you agree? Why or why not?

Give any two psychological barriers of communication.

Rajat, the production manager of Auto India Ltd, passes on instructions regarding his departments freely and indiscriminately. Which management principle is violated here?

State how ‘Self-regulation by business’ acts as a means of Consumer Protection.

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?

''Cost of debt is lower than the cost of equity Share capital''. Give reason why even then a company cannot work only with debt.

Name any two companies who have successfully applied standardisation and simplification of work.

State the role of ‘Inspector’ in functional foremanship.

"Directing is the heart of management." Do you agree with this statement? Give reasons to support your answer.