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

‘They don’t sell what they can make, but they make what they can sell’. Name the marketing philosophy to which this statement is related.

Pawan is working as a Production Manager in CFL Ltd. which manufactures CFL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy, the management shares the profits earned with the workers because they believe in the prosperity of the employees.State the principle of management described in the above paragraph.

State one positive effect of the principle of management-namely the ‘Remuneration to employees’.

Who has developed general principles of management?

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.

At which level of packing, the immediate container is referred to?

How does coordination ensure unity of action in management?

What does a high Debt Service Coverage Ratio indicate?

Management is an exact science like Physics or Chemistry. Do you agree?

Explain in brief ‘Management as an activity’.