Directing — Business Studies STD 12 Commerce — Question

What is meant by 'caveat emptor'?

Name the type of plan in which minutest details are worked out, i.e., procedures, rules, budgets, etc.

Fayol points out the danger of increased turnover and recruitment costs in one of his principles. Identify the principle.

Define ‘Communication’.

How can principles given by Fayol and Taylor be differentiated from each other on the basis of applicability?

When is a corrective action required in controlling?

How are 'Growth Prospects' related with the requirement of working capital?

A group of people believes that management is a systematic body of knowledge that explain certain general truth and is based on logical observation.Identify and explain the nature of management discussed in above case.

Management is an exact science like Physics or Chemistry. Do you agree?

Manvendra always went to a specific shop to buy all consumable and non-consumable goods. In this shop variety of products of different brands were displayed nicely and the sales person available also gave good sales presentation if required. But this shop was quite far off from his residence. His friend Annant always wondered why Manvendra wastes so much time in going to that shop where as there were many big brand shops situated near his residence having consumable and non-consumable goods.
Annant asked Manvendra the reason of going to that particular shop. Manvendra told that he was exercising one of his ‘Rights’ which he could not exercise in near-by big brand shops.
State the consumer’s right which Manvendra had exercised.