Marketing — Business Studies STD 12 Commerce — Question

A Manager increased the production target from 500 units to 700 units per month but the authority to draw raw material was not given by him. The employees were not able to meet the new target. Who should be held responsible for this and which principle has been violated here? Explain.

"Management creates a dynamic organisation.” How?

'Inter-dependence of different processes’ is one point of the importance of coordination. Clarify.

Organising helps in optimum utilisation of resources. Which type of resources does it refer?

What is the main objective of simplification in scientific management?

Business environment includes both ‘specific and general forces.’ List any four specific forces.

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'?

Shalini, after acquiring a degree in Hotel Management and Business Administation took over her family food processing company of manufacturing pickles, jams and squashes. The business was established by her great grandmother and was doing reasonably well. However the fixed operating costs of the business were high and the cash flow position was weak. She wanted to undertake modernisation of the existing business to introduce the latest manufacturing processes and diversify into the market of chocolates and candies. She was very enthusiastic and approached a finance consultant, who told her that approximately ₹ 50 lakh would be required for undertaking the modernization and expansion programme. He also informed her that the stock market was going through a bullish phase.
Keeping the above considerations in mind, name the source of finance Shalini should not choose for financing the modernization and expansion of her food processing business.Give one reason in support of your answer.

A group of people believes that management is a systematic body of knowledge that explain certain general truth and is based on logical observation.Identify and explain the nature of management discussed in above case.

'Choice of technique’ affects the requirement of fixed capital of a company. (True/False)