Nature and Significance of Management — Business Studies STD 12 Commerce — Question

How does choice of technique affect the requirement of fixed capital?

List any two principles of 'Scientific Management' formulated by Taylor for managing an organisation scientifically.

Which two steps in the process of controlling are concerned with compelling events to confirm to plan?

National commission redresses the grievances of what amount?

Enumerate the types of communication on the basis of organisational relationship.

Identify why the requirements of Fixed Capital for a trading concern are different from that of a manufacturing organisation.

'Tricom Ltd.' a computer hardware manufacturing company imported a new machinery for manufacturing latest technology based computer systems. The human resource manager determined that for operating the new machines, the company required the necessary workers through placement agency.After 3 months, it was reported by the production manager that the workers were not able to meet the target production. The General Manager got annoyed and ordered inquiry for the same. It was reported that the newly recruited workers possessed the necessary skills and abilities but lacked the willingness to do work.(i) Name the functions of management involved above.(ii) Name the relevant concept of functions identified in (i).(iii) Which concept of management will help the company in meeting the target production?

Decentralisation diminishes the amount of direct supervision exercised by a superior over the activities of a subordinate. State the importance of decentralisation referred here.

Fayol points out the danger and cost of unnecessary labour turnover in one of his principles of management. Name that principle.

Name any two policies of an organisation related with the manpower.