Principles of Management — Business Studies STD 12 Commerce — Question

'An organisation interacts with external environment and adapts itself to the changing environment'. Which characteristic of management is highlighted in this statement?

What is exchange mechanism?

It is defined as a process of influencing other people to work willingly for group objectives. Mention this element of directing.

'Tricom Ltd.' a computer hardware manufacturing company imported a new machinery for manufacturing latest technology based computer systems. The human resource manager determined that for operating the new machines, the company required the necessary workers through placement agency.After 3 months, it was reported by the production manager that the workers were not able to meet the target production. The General Manager got annoyed and ordered inquiry for the same. It was reported that the newly recruited workers possessed the necessary skills and abilities but lacked the willingness to do work.(i) Name the functions of management involved above.(ii) Name the relevant concept of functions identified in (i).(iii) Which concept of management will help the company in meeting the target production?

Biru Nandan, Chairman of Lalit group of companies founded ‘Biru University’ for undergraduate and postgraduate courses in diverse disciplines. The Information Technology department of the ‘Lalit Power Ltd., had few vacancies related to Cyber Security. The Human Resource Department of the Company decided to recruit fresh engineering graduates from ‘Biru University’ for the same. Identify the type of source of recruitment.

'Anything minus management is nothing.’ Here what is the meaning of ‘anything’?

Why is it said that 'management is all pervasive'?

List any two impacts of Government policy changes on business and industry.

Name the level of management engaged in:(i) Selection of employees(ii) Introducing new products(iii) Design a suitable advertisement: campaign to sell a new product(iv) Framing the capital structure of the company(v) Preparing performance reports of employee(vi) Hiring casual labourers.

Who is the borrower of call money?