Planning — Business Studies STD 12 Commerce — Question

Identify the level of management for the following posts:

1. CEO
2. COO
3. Section officer.
4. Purchase manager.

Taking corrective/ remedial action is the last step in the process of one of the functions of management.
Name the function.

Rahul, a worker, is given a target of assembling two computers per day. Due to his habit of doing things differently, an idea struck him which would not only reduce the assembling time of computers but would also reduce the cost of production of the computers. Instead of appreciating him, Rahul’s supervisor ordered him to complete the work as per the methods and techniques decided earlier as nothing could be changed at that stage. The above paragraph describes one of the limitations of the planning function of management. Name and explain that limitation.

What is the next step after selecting an alternative course of action?

What do you understand by floatation cost?

The manager of Alpha Ltd. is very efficient and effective and makes sure all the employees and workers in his team perform the task on time with minimum cost. His main focus is on cost cutting so he never listens to the demand of workers for increasing wages. He even gives no opportunity to worker for promotion. As a result workers started becoming frustrated and disheartened all the time.(a) Which objective of management could not be achieved by the manager.(b) State other two objectives of management.

It is concerned with instructing, guiding and inspiring people in the organisation to achieve its objectives. Name it.

List any two principles of 'Scientific Management' formulated by Taylor for managing an organisation scientifically.

Name two features of profession which are not available in management.

Out of formal and informal organisations which one is established first?