Planning — Business Studies STD 12 Commerce — Question

Discuss the social objectives of management.

Henri Fayol was a mining engineer and management theorist by profession. For his contribution he is known as the 'Father of General Management'. The 14 principles of management propounded by him were discussed in detail in his book published in 1917.
Identify any four principles given by Henri Fayal.

You are a financial expert and your company starts a business of manufacturing baby toys. Suggest the working capital requirement and phases of operating cycle.

What is meant by principles of management? State any three points of their importance.

Explain ‘objective’ and ‘policy’ as types of plans using suitable examples.

A recent rate cut in the interest on loans announced by the Banks encouraged Amit, a science student of Progressive School to take a loan from State Bank of India to experiment and develop cars to be powered by fuel produced from garbage. He developed such a car and exhibited it in the Science Fair organised by Directorate of Education. He was awarded first prize for his invention.
Identify and explain the dimensions of business environment discussed in the above case.

Ayasha Ltd. assured their employees that inspite of recession no worker will be retrenched from the job.

1. Name and explain the type of incentive offered to the employees.
2. Explain one more incentive of the same category.

Discuss the social objectives of management.

A shopkeeper sold you some spices, claiming that those were pure. Later a laboratory test showed that those were adulterated.
What precautions should you have taken before buying and what remedies are available to you for the wrong act?

Distinguish between leaders and managers.