Financial Management — Business Studies STD 12 Commerce — Question

Your grandfather has retired from an organization in which he is responsible for implementing the plans developed by the top management. At which level of management was he working? State one more function performed at this level.

What is meant by Sales Promotion?

Name the marketing function which is concerned with the important decision of managing inventory.

A manager enhances the production target from 500units to 700units per month but the authority to draw raw material was not given by him. The production manager could not achieve the revised production target. Who is responsible and which principle was violated?

Planning cannot foresee or assess future trends in the environment and thus there may be obstacles to effective planning. Mention the limitation of planning referred here.

Mohan, a manager, very often speaks with people at all levels, passing on instructions regarding his department and also the other departments.
Which principle of management is being overlooked and why? Give one violating effect.

Define leadership.

Workers are always unwilling to takeup any kind of work in Alpha Studios. Due to rise in demand, the firm wants them to co-operate to meet pending orders. Suggest which element of directing is suitable for this situation.

Planning is the primary function of management. Justify.

What do you mean by penny stock?