Principles of Management — Business Studies STD 12 Commerce — Question

Out of managing and directing, which term has the wider scope?

Anmol and Ankur both did their MBA from a top B-school in India. They both joined different MNCs at managerial positions. Anmol discusses all proposals with his subordinates, listens to their suggestions and then takes the decisions. Whereas Ankur orders his subordinates and expects them to follow them. Both are committed and are able to achieve their targets though their way of functioning is different. State the nature of management highlighted above.

What is meant by art?

Mohan has retired from the post of a foreman in a factory. At what level of management is he working?

Which environment prohibits the advertisement of alcoholic beverages?

What are the organisational objectives of management?

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

Describe briefly 'Maslow's need hierarchy theory' of motivation.

What do you mean by the term 'going public'?

Name the type of plan in which the move of competitors is considered.