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

What is the key feature of divisional structure?

Give two examples of limitations of planning, which are beyond the control of an organisation.

Name two types of financial incentives.

How are management principles derived?

'Survival, profit and growth are essential targets of any business'. Which objective of management is referred here?

What is included in ‘legal environment' of business?

Which kind of appeals can be taken to the Supreme Court?

Mr. Rajiv is the owner of 'Laxmi Dairy.' He is producing various milk products. He always tests various ways of producing different products and chooses the best and most economical way of production. He is also very particular about fixing a place for everything and he makes sure that all the employees are given a fixed place so that there is no wastage of time and delay in production.1. Which technique of scientific management is applied by Mr. Rajiv?2. Which principle of Henry Fayol is followed by him?

How does motivation reduce employee turnover?

State any one characteristic of co-ordination.