Organising — Business Studies STD 12 Commerce — Question

The responsibility of a firm should be divided among various levels such as top level, middle level, and lower level. Identify the concept of management function and state its importance.

Name the levels of management engaged in:

1. Overseeing the activities of the workers.
2. Taking key decisions.

Communication originally drafted in English has been very poorly translated in Hindi. Name the type of barrier to effective communication and explain any other two barriers of this type.

Saurabh decided to start a chocolates manufacturing business. He set the target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of the business, which was of uncertain. He gathered information that the demand for chocolates is increasing day-by-day. He used this information as the base for future planning and shared it with his team. On the basis of the gathered information, he scheduled a meeting in the following week to find innovative ways to achieve the objectives.
List the first two steps, which have been followed by Saurabh that are related to the process of one of the functions of management.

State any two impacts of change of government policy on business and industry.

State two disadvantages of functional structure.

What is meant by Financial Planning?

What do you mean by Financial Leverage?

What should be done while ‘taking corrective action’ in the process of controlling, when especially in the important areas deviation go beyond the acceptable range?

What function does a representative professional association perform?