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

Rajiv, a consumer purchased medicines without noticing the date of expiry. He also did not obtain the cash memo. Do you think he will be able to protect himself by the loss caused due to expired medicine? Give reasons to support your answer.

Sunidhi runs a KPO (Knowledge Process Outsourcing) in Gurgaon. The services provided by her firm include all kinds of research and information gathering in fields such as financial market, medicine, animation and design, etc. Sunidhi believes that the success of the company can be achieved mainly through the people it chooses to employ. Therefore, she aims to attract the best people and provides them innumerable opportunities to enhance their knowledge and skill relevant to their position.
In context of the above case, identify and explain the aspects of staffing being taken into consideration by Sunidhi by quoting lines from the paragraph.

'Our assets walk out of the door every evening, we have to make sure that they come back the next morning. This statement relates to which function of management. Why is it important?

What are standing and single use plans?

‘Apna Ghar/ a company dealing in consumer durables, plans to increase the sale of its products by 25% around Diwali this year. Moreover, in order to cash on the implementation of the seventh pay commission by that time, which is likely to raise the income of 47 lakh serving employees of the Central government and 52 lakh pensioners, the company has created 30 advertisement films which will be aired across 85 national and regional channels until Diwali.
In context of the above case :

1. Identify the two different types of plans that ‘Apna Ghar’ proposes to implement by quoting lines from the paragraph.
2. Distinguish between the two types of plans as identified in part(i).

Answer the following question.What is Treasury Bill?

In an organization, informal communication is stressed instead of formal communication which results in non-reaching of proper communication to proper person in proper time. It results in either non-completion or delay in work. Which values have been violated here?

Explain ‘order’ and ‘initiative’ as principles of general management.

"Controlling is forward looking". Discuss.

Define planning. List any two limitations of planning.