Download App

Principles of Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesPrinciples of Management1 Mark
Question
Management principles help the managers to learn from their mistakes and take effective decisions on time. Mention the importance of principles of management highlighted in the given statement.
✓

Answer

Management principles provide useful insights to manager.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Principles of Management→Principles of Management — all question types→Business Studies STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

What is meant by ‘Profit Sharing’?
→
Karan, Kartik and Kunal are best friends. They decided to enter into a partnership business of constructing a mall. Which function of management is referred here?
→
With changes in the consumption habits of people, Neelesh, who was running a sweet shop, shifted to the chocolate business. On the eve of Diwali, he offered chocolates in attractive packages at reasonable prices. He anticipated huge demand and created a website chocolove. com for taking orders online. He got a lot of orders online and earned huge profits by selling the chocolate.
Identify and explain the dimensions of business environment discussed in the above case.
→
The management of a company promises the workers to pay extra wages if they work overtime, but later on management refuses to pay extra wages. Which principle is violated in this case?
→
Why should a manager think twice before selecting an alternative?
→
What does allocation as a function of intermediaries involve?
→
After the change in Government Policies, foreign companies like coca-cola has prohibited to work in India. These steps of the government have boosted which values?
→
What is meant by ‘follow-up action’ as the step involved in the planning process?
→
Organisational objectives of management are _____ and ______.
→
What is meant by leadership?
→