Principles of Management — Business Studies STD 12 Commerce — Question

What is meant by ‘Planning’?

What is Badla?

It refers to the use of scientific methods in decision-making to resolve management problems rather than depending on rule of thumb or trial and error methods. Name it.

How does growth opportunity of a company affects its dividend decision?

Enumerate first two steps in the process of controlling.

Why is working capital needed? Give any one reason.

What is Economic Safety?

What is meant by business environment?

At which level of management more time is consumed on planning as compared to other levels?

Bhagwati Enterprises is a company engaged in the marketing of air conditioners of a famous brand. The company has a functional structure with four main functions; purchases, sales, finance and staffing. As the demand for the product grew, the company decided to recruit more employees. Identify the concept which will help the Human Resource Manager to find out the number and type of personnel available so that he could decide and recruit the required number of persons for each department.