Principles of Management — Business Studies STD 12 Commerce — Question

Why is it said that management is a goal-oriented process?

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

Which environment describes characteristics of society in which the organisation exists?
OR
Equal pay for equal work'is an example of which dimension of business environment?

OR
Many multinational food chains such as KFC, Mc Donalds, Domino's, etc have altered their menu according to Indian taste and culture. Name the dimension of business enviroment which is resposible for this step.

Give two examples of Retirement Benefits.

How is planning a pervasive function? State.

'Shan Spices Ltd.' is the manufacturer of different food specific spices like Rajmaa Masala, Cholley Masala, AalooParantha Masala, etc. Mr Raghav, the owner of the company has created different departments for purchase, production, marketing, finance and human resource. There are thirty employees working in the organisation. Planning is of paramount importance to the company as Mr Raghav believes that effective planning leads to achievement of organisational objectives. So in order to make employees focus on objectives, he issued instructions that during working hours only official matters will be discussed. He made certain rules and code of conduct for the employees to follow, according to which employees are not allowed to visit and talk to the employees of other departments except for official work. He emphasised on work performance which resulted in smooth functioning of the organisation.(a) Identify and state the type of organisation mentioned in the above para.(b) State one feature of the concept identified in part (a) as mentioned in the above para.(c) What was the purpose behind the formulation of rules for the employees that restricted their personal communication with the employees of other departments?

Define 'Planning premises'.

How can a liberal credit policy affect working capital requirements of an organisation?

Which process aims at giving greater role to the private sector in the nation building process and a reduced role to the public sector?

Give the name of any two websites, which are commonly visited both by the employer and prospective employees.