Principles of Management — Business Studies STD 12 Commerce — Question

‘Anything minus management is nothing.’ What does this statement tell?

Mohan, a manager, expects his subordinates to work for the happiness and pleasure of being in the organisation.
Which principle of management is being overlooked and why? Give one violating effect.

'Management cannot be seen.’ Explain.

What is the pre-requisite of selection?

‘It is necessary that goods and services must be made available to the customer at the right place, in right quantity and at the right time’.
Name and explain the concerned element of marketing-mix.

What determines overall financial risk?

Due to the festive season, a company manufacturing gift items plans to open some more stores in the city. Will it affect the requirement for working capital?

"Controlling is a continuous activity in an organisation". Explain.

Give any one reason why principles of management are not rigid prescriptions.