Business Environment — Business Studies STD 12 Commerce — Question

Name the concept which reduces the work load of a manager.

Ms. Sanchana was working in a reputed educational Institute "Lotus Valley International School". She was very hardworking and efficient. So, she was given confirmation in her job by the management of her school in just six months. She was the overall Coordinator of MUN (Model United Nation) of her school. She conducted an inter school MUN which brought great laurels and popularity for her school. The management of the school awarded her with a letter of appreciation in the school assembly where she was applauded by everybody.By quoting the lines from the above para identify the needs of Ms. Sanchana which are satisfied by her organization.

Employees know well in advance what they are expected to do and what are the standards of performance on the basis of which they will be appraised, which in turn helps them to give better performance. Which importance of controlling is highlighted here?

Directing is undoubtedly an important function of management. Do you agree?

Managers have to take several decisions in a day, but the best decision is to, use available resources in a cost effective manner. Identify the approach behind this decision.

What is the pre-requisite of selection?

Why are money market instruments more liquid as compared to capital market instruments?

Which principle of management insists in orderly arrangement of men and material?

Can an organisation be completely decentralised?

In which step of planning process the planners make predictions and assumptions regarding future?