Principles of Management — Business Studies STD 12 Commerce — Question

The Finance Minister reduced the repo rate to overcome recession. This is related to which dimension of business environment?

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 - Purchase, 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.

Name the element of directing under which.

1. The manager oversees the worker's activities.
2. The manager shares information with subordinates.
3. The manager assures that worker's needs will be taken care of.
4. The manager attemps to influence his subordinates.

Customers have become more demanding due to changes in government policy. Why?

State the essence of authority.

Why is consumer protection important for businessmen? Give anyone reason.

“The Principles of Management are different from those used in pure science.” Write any one difference.

What is meant by ‘selecting an alternative’ as a step in the planning process?

On coming to know the negative deviations, fines are imposed on erring employees. Which value is being violated here?

Name the function of management which co-ordinates the physical, financial and human resources and establishes productive relations among them for achievement of specific goals.