Principles of Management — Business Studies STD 12 Commerce — Question

Manav, a post graduate in English, is successfully running his family business. All of a sudden, he thought of taking employment and got a job of finance manager in a company, on the basis of his experience and efficiency.

1. Do you think his appointment is valid?
2. Was it not necessary for him to be a part of professional association to attain the post?

Which functions of marketing help to create 'time utility' and 'place utility'? Explain.

What factors determine inventory levels in an organisation?

Describe the importance of an informal organisation.

Microgarments Ltd. is dealing in export of garments. The performance of the company has been upto the expectations in the past. Keeping up with the latest technology, the company decided to upgrade their machinery. For this, the Finance Manager, David, estimated the quantitative requirements of funds and their timings. This will help him in linking the investment and the financing decisions on a continuous basis.
So, he began with the preparation of a sales forecast for the next four years. He also collected all possible data about the profit estimates in the coming years. By doing this he wanted to be sure about the availability of funds within the business. For the remaining funds he is trying to find out the viable sources from outside.
Identify the financial concept discussed in the above para. Also, state the objectives to be fulfilled by the financial concept, so identified.

‘Though branding adds to the cost, it provides several advantages to the consumers.’ In the light of the statement, state any three advantages of branding to customers.

Explain when and why the need is felt for having a framework, within which managerial and operating tasks are performed to accomplish desired goals. Name this ‘framework’ also.

What is meant by ‘Capital Structure’? Explain any two factors that affect the capital structure of a company.

How ‘costs’ create hurdle in planning?

State three benefits/ advantages of Critical Point Control and Management by Exception.