Business Environment — Business Studies STD 12 Commerce — Question

List any three examples of social objectives of management.

Explain the principle of management-remuneration of employees.

An organisation follows the principles of management. What are the positive effects of each of the following principles of management on the organisation?

1. Unity of direction.
2. Espirit de Corps.
3. Subordination of individual interests to general interests.

What are the essentials of a good package?

In each of the following cases, which principle of Fayol is being violated:

1. When the manager contracts with his cousin for supply of material, knowing that such materials are defective.
2. When chalks are kept in library and books in office.
3. A worker receiving orders from two bosses.
4. When no department has a separate plan of action.
5. A subordinate habitually contacts higher authorities passing over his superior.
6. Tools are not found in their right place.
7. The manager grants three leaves to a subordinate with pay and one leave with pay to another.
8. When the sales manager is not allowed to give discounts, to generate significant sales.

A company has its registered office in Delhi, manufacturing unit at Gurgaon and marketing and sales department at Faridabad. The company manufactures the consumer products. Which type of organisational structure should it adopt to achieve its target?

Ms Bharti passed her M.B.B.S. examination in the first division in 2010. Later on in the year 2013 she passed her M.S. examination as an eye surgeon. She was awarded a gold medal in this examination. After completing her studies she joined a big hospital as an eye surgeon. She is performing ten operations successfully every day. Now tell, what aspect of Ms Bharti’s above experience is science and what aspect is art.

Identify the type of dimension of environment to the following are related:

Define 'Current Assets' and give four examples.

State three reasons as to why study of management principles is necessary.
OR
State some of the significance of management principles.

OR
The principles of management are established on cause and effect relationship. This helps to analyse and predict the probable result of applying a particular principle in a given situation. How does it prove to be helpful to business organisations.