Controlling — Business Studies STD 12 Commerce — Question

ILT Ltd is a small enterprise. Suggest whether this company can afford to install an expensive control system or not.

Discuss in brief how do the below mentioned points influence price determination.

1. Objective.
2. Cost.
3. Competition.
4. Buying motives.

After finishing her BBA degree course, Tanya gets a job of Assistant Manager in a retail company through the reference of her cousin Taruna who works in the same company as a Senior Manager. Taruna decides to guide Tanya through her experience by making her aware of the important facts about management in practice. She tells her that neither the principles of management provide any readymade, straitjacket solutions to all managerial problems nor they are not rigid prescriptions, which have to be followed absolutely.
In context of the above case :

1. Identify the two features of principles of management mentioned in the above paragraph by quoting lines from the paragraph.
2. Why do the principles of management not provide readymade, straitjacket solutions to all managerial problems ?

Gurpreet is running a retail mart in Varanasi to provide various types of products of daily use under one roof to the buyers. The employee turnover in his business is very high and he is perpetually on a look out for new staff. The fact of the matter is that he lacks managerial skills and assigns work to his employees on adhoc basis without letting them settle down in a specific work. This approach of his creates a sense of insecurity among the employees and they tend to leave the job very quickly. However, he is a very god fearing person and offers fair wages to his employees so they can afford a reasonable standard of living.
In context of the above case :

1. Identify and explain the principle of management which Gurpreet is unable to apply and is perpetually on a look out for new staff.
2. “He is a very god fearing person and offers fair wages to his employees so they can afford a reasonable standard of living.” Name and explain the relevant principle of management will has been brought into effect by Gurpreet.

Define the terms ‘motive', 'motivation' and 'motivators'.

What is meant by ‘formal organisation’? List any two advantages of formal organisation.

Explain briefly ‘Espirit de Corps’ and ‘Order’ as general principles of management.

Which principle of Taylor suggests that the job performed should be based on scientific inquiry and not on intuition? Name and explain the principle in brief.

What are the positive effects of liberalisation and globalisation on business and industry?

Explain the capital market reforms in India.