Planning — Business Studies STD 12 Commerce — Question

Clarify the terms efficiency and effectiveness in management.

Dinesh has 100 equity shares of a company. He wants to sell 500 of these shares. Which market should he approach?

Deepak Shah purchased a car for ₹19 lacs from an automobile company and found its engine defective. Despite many complaints the defect was not rectified. He filed a case in the District Forum. But he was not satisfied with the orders of the District Forum and decided to appeal. Suggest him the highest authority where he could appeal if not satisfied again by the decision of the next higher authority.

Which principle suggests that there should be one and only one boss for every individual employee?

It is a process by which people create and share information with one another in order to reach common understanding. Which element of directing is referred here?

What is the primary objective of 'Financial Management'?

Distinguish between functional structure and divisional structure on the basis of ‘formation’.

State two demerits of advertising.

Jupiter Ltd. is one of the largest two-wheeler manufacturer in India. It has a market share of about 42% in the two-wheeler category. The company had witnessed almost a 35% drop in the booking as the currency crunch was prompting people to withhold new purchases due to demonetisation. Therefore, the production manager of the company had decided to align production to factor in slower sales in the market.
Identify and explain the function of management being discussed in the above lines.

If Taylor's principles and techniques are focussed on workers' efficiency, then Fayol's principles are focussed on which criteria?