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

Define financial incentives.

Mohan, a supervisor in a factory, always expects that his subordinates should obey him but he is not interested in taking suggestions and feedback from his subordinates. Do you think that this quality of Mohan will help him to become a good leader?

What is meant by supervision?

Middle level management is responsible for the welfare and survival of an organisation. (True/ False)

State one positive effect of the principle of management-namely the ‘Unity of Command’.

Beena, a student of management, likes to relate what she learnt in class to real life situations. She observed many situations while watching educational programmes on television that remind her of concepts of Scientific Management. In one such programme, factories manufacturing parts for products like automobiles, computers and mobile phones were being telecast.
Name the technique of Scientific Management that should be adhered to, while manufacturing parts for such products.

How does scale of operations affect fixed capital requirement?

'Indian Logistics' has its own warehousing arrangements at key locations across the country. Its warehousing services help business firms to reduce their overheads, increase efficiency and cut down distribution time.State with reason, whether the working capital requirements of 'Indian Logistics' will be high or low?

Which component of capital structure determines the overall financial risk?

Name the process of working with and through others to effectively achieve organisational objectives by efficiently using its limited resources in the changing environment.