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

State any one importance of directing function of management.

How does a supervisor act as a linking pin between management and the operatives?

What is 'brand mark?

Give any one point of difference between management principles and techniques.

If responsibility is more than the authority. What would be its impact on working of an organisation?

'Sometimes planning fails in spite of the best efforts of management.' Do you agree? Give any five reasons in support of your answer

What is meant by Supervision?

Palvinder, is working as a supervisor in Alpha Ltd. To achieve the target, he wants to try a new method and a different way of allocating the work. His superior did not permit him and forced him to do the work strictly as per the plan.(i) Name the limitation of planning indicated in the above para.(ii) Name the value overlook by Palvinder's superior.

Which of the following statement is incorrect?

1. Current assets are usually more liquid than fixed assets.
2. Current assets contribute less to the profits than fixed assets.
3. B/ R, debtors, stock, etc are fixed assets.
4. Fixed assets are financed through long-term liabilities

Which principle of management insists in orderly arrangement of men and material?