Financial Management — Business Studies STD 12 Commerce — Question

The term demonetisation has become a household name since the government pulled the old Rs. 500 and Rs. 1,000 notes out of circulation in November 2016. Prior to the year 2016, the Indian government had demonetised bank notes on two prior occasions—once in the year 1946 and then again in the year 1978. In both cases, the purpose was to combat tax evasion by ‘black money’. Identify the types of one of the functions of management being discussed in the above lines.

'Management principles aim at influencing behaviour of human beings'. State the feature of management principle mentioned here.

In functional foremanship, 'Inspector' is responsible for timely and accurate completion of a job. (True/ False)

Give the types of Incentives.

What does standardisation of goods ensure the buyers?

Which principle suggests that the interests of an organisation should take priority over the interests of any one individual employee?

What are the aims of ‘time’ and ‘motion’ study?

National Vritech Ltd. has grown in size. It was a market leader but with changes in business environment and with the entry of MNCs, its market share is declining. To cope up with the situation CEO starts delegating some of his authority to the General Manager, who also felt himself overburdened and with the approval of CEO disperses some of his authority to various levels throughout the organisation. Identify the concept of management discussed above.

Give two examples of monetary incentives.

Mention one direction which can be given by the Consumer Court to the opposite party after being satisfied about the genuineness of the complaint.