Financial Management — Business Studies STD 12 Commerce — Question

What is centralisation?

'In an organisation, employees are happy and satisfied, there is no chaos and the effect of management is noticeable.’ Which characteristic of management is highlighted by this statement?

Koby Ltd. is an 87-year-old reputed consumer goods company. It is known for offering good quality electronic products at reasonable prices. It has branches all over India. It has a large shareholder base. The shareholders desire that some dividend is paid every year on their investments. Company's management understands that it is important to keep the shareholders happy and satisfied. As a matter of policy, they declare a certain amount of dividend every year out of profits rather than reinvesting the whole as retained earnings.
Identify the factor affecting dividend decision being highlighted in the above situation.

'The application of principles of management is dependent upon the prevailing situation at a particular point of time'. State and explain the feature of management principle mentioned here.

There are three major decisions which an organisation has to take in respect of financial management. State these decisions.

Give one difference between Policy and Procedure.

Name the function of management, which coordinates the physical, financial and human resources and establishes productive relations for the achievement of specific goals.
OR
'Identifying and dividing the work' is the first step in the process of this function of management. Identify the function.

This technique of scientific management tries to find out one best way of doing the job. Name it.

Distinguish between marketing and selling on the basis of objective.

What is business finance?