Principles of Management — Business Studies STD 12 Commerce — Question

Explain how principles of management:
Help the managers in meeting changing environment requirements.

Explain briefly any three personal barriers to communication.

There are various retailers such as Amazon, Flipkart and SnapDeal etc. who generate maximum revenue from online orders. They have also developed mobile apps to receive online orders.

1. Which dimension of Business Environment is being discussed here?
2. State the feature of Business Environment listed above.
3. State any other two features of Business Environment.

Dheeraj is working as 'Operations Manager' in Tifco Ltd. Name the managerial level at which he is working. State any four functions he will perform as 'Operations Manager' in this company.
OR
Rajat is working as 'Regional Manager' in Tifco Ltd. Name the level at which he is working. State any four functions he will perform as 'Regional Manager' in this company.

Differentiate between on-the-job training and off-the-job training.

Illustrate the principle of initiative through a suitable example.

An investor wanted to invest ₹ 20,000 in Treasury Bills for a period of 91 days. When he approached the Reserve Bank of India for this purpose he came to know that it was not possible.
Identify the reason why the investor could not invest in the Treasury Bill.

Explain how controlling helps in:

1. Accomplishing organisational goals; and
2. Judging accuracy of standards.

Develop an imaginary plan of differential piece rates to be introduced for the workers, engaged in making furniture.

Explain any three reasons, which clarify that management is gaining importance day by day.