Planning — Business Studies STD 12 Commerce — Question

Which significance of principles of management is referred through this statement: 'Decisions must be based on facts, thoughtful and justifiable in terms of the intended purposes'?

Who provides protection and guidelines to the investors?

"The directors of XYZ Ltd are of the opinion that all decisions and plans are to be framed by them, and therefore, no planning is required at lower levels of management'. Refute this statement.
OR
How is planning a pervasive function? State.

Name the function of management, which coordinates the physical, financial and human resources and establishes productive relations for the achievement of specific goals.
OR
'Identifying and dividing the work' is the first step in the process of this function of management. Identify the function.

Give the serial order of ‘Staffing’ as a function of management.

How advertising creates confidence amongst prospective buyers?

Amit is running an 'Advertising agency' and earning a lot by providing this service to big industries. State whether the working capital requirement of the firm will be 'less' or 'more'. Give reason in support of your answer.

On the occasion of 'Dhan Teras' Mr. Aakash went to market for purchasing utensils. He bought pressure cooker from a shop. The shop was over-crowded on the festival, so he did not obtain the cash-memo for the purchase and did not check its certification. Next day, his wife used the cooker, which bursted and his wife suffered injuries.(i) Identify and explain the Consumer liabilities which have not been discharged by Mr. Aakash.(ii) Mention the values which have been ignored by the seller as well as of Mr. Aakash.

Is planning a secondary function of management. What is your stand?

What should a consumer do to have proof of the purchase made?