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

XYZ Ltd. is a manufacturing company in Gurgaon. Its target production is 2,00,000 units per year. Due to high labour turnover in this company and in order to achieve this target, the manager has to hire part time labour on and off throughout the year which not only results in wastage of materials but also increases labour and material cost. However, the manager is able to meet the target production. Is the manager effective and efficient? Give reason in support of your answer.

How is planning a pervasive function? State.

What is meant by gross working capital and net working capital?

Give any one fact that denies management to be regarded as profession.

Jai Bharat Company Ltd. is an auto part supplier company in Guru Gram, Haryana. Its business is spread over several cities. The CEO of company wants to open a factory in Gujarat near Tata Motors Ltd. but due to recession for the last two years, its business is facing slow down. Company needs capital. Rakesh Gupta is CA and financial advisor of the company. He opines that during recession profit falls and investors prefer to invest in debentures to earn fixed income. Therefore, the company should issue debentures.
In this paragraph, which factor affecting financing decision has been highlighted? Explain state of capital market.

Which function of management ensures that actual activities confirm to planned activities?

The scope of Consumer Protection Act has widened. Explain, how?

Name the type of investment decision which relates to short-term and affects day to day operations of a company.

'The principles of management do not provide readymade, straitjacket solutions to all managerial problems'. Which nature of principles of management is highlighted here?

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