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

Planning seeks to bridge the gap between two things. Mention them.

A liquor manufacturing firm provides liquors to its employees at cheaper rates to motivate them. Which values are deficient in this plan?

Which consumer right gives the business firm freedom to set up their own consumer services and grievance cell.

Why are capital budgeting decisions crucial for any business?

‘Identifying and dividing the work’ is the first step in the process of one of the functions of management. Identify the function.

State two functions of top level management.

What function does a representative professional association perform?

'Management principles aim at influencing behaviour of human beings'. State the feature of management principle mentioned here.

How is Taylor's perception different from Fayol's?

Vegatech Enterprises was a company manufacturing refrigerators. The company had a functional structure with four main functions - Production, Marketing, Finance and Human Resource. As the demand for the products grew, the company decided to hire more employees.
Identify the concept which will help the Human Resource Manager in identifying the types of human resources necessary for the performance of various jobs and accomplishment of organisational objectives.