Financial Market — Business Studies STD 12 Commerce — Question

Authority can be delegated, but accountability cannot be'. Explain.
Or
'A manager is of the view that he is not responsible for the quality of work, he has delegated responsibility to his subordinate'. Do you agree with his viewpoint? Justify your answer by giving proper arguments.

Malini is a well-known businesswoman in the field of publishing. She owes the success of her business to her own education in business management and her team of certified management consultants. Therefore, she decides to send both her children Darshit and Pihu abroad to acquire a degree in business management in their individual area of expertise. She feels that all over the world there is marked growth in management as a discipline, but still it is not considered to be a full-fledged profession for certain reasons.

1. Explain the reasons because of which Malini considers management as a discipline.
2. Critically examine the various reasons because of which management is not considered to be a full-fledged profession.

Distinguish between 'Motion study' and 'Time study' on the basis of meaning and purpose.

There are some barriers in communication which are concerned with encoding and decoding of message. State any three such barriers.

Define brand, brand name, brand mark and trade mark.

Explain the first three steps in the process of ‘Planning’.

Illustrate the principle of initiative through a suitable example.

Define management.

Your friend is working as a ‘worker’ in a company. At what level of organisation is he working? What is the name of the place/ area where he is working?

What is meant by staffing? How staffing is a line as well as staff function?