Principles of Management — Business Studies STD 12 Commerce — Question

The arrangement to demonetise the ? 500 and ?1000 bank notes began six to ten months prior to the public announcement and was kept highly confidential. The cabinet was informed about the demonetisation on 8th November 2016 in a meeting called by the Prime Minister of India, Narendra Modi. This was followed by Modi’s public announcement about the demonetisation in a televised address where he announced that currency notes with the denomination of ? 500 and ? 1000 would cease to be the legal tender from 9th of November 2016. The most interesting thing regarding the demonetisation is that people were devising various unique ways for transforming their black money in to white one by depositing money in the accounts of their poor relatives and friends, converting black money in to gold, paying a few months salaries in advance and so on.
In context of the above case :
Identify and explain the types of plans being discussed in the above lines with regard to demonetisation.

Define ‘Accountability' as an element of delegation.

Out of managing and directing, which term has the wider scope?

Pawan is working as a Production Manager in CFL Ltd engaged in manufacturing of CFL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that prosperity of the company cannot exist for a long time without the prosperity of the employees.

• State the principle of management described in the above para.
• Identify any two values which the company wants to communicate to the society.

Departmental managers are included at which level of management?

Alpha Enterprises is a company manufacturing water geysers. The company has a functional structure with four main functions – Production, Marketing, Finance and Human Resource. As the demand for the product grew, the company decided to hire more employees.
Identify the concept which will help the Human Resource Manager in deciding the actual number of persons required in each department.

Motivation can be either positive or negative. Give two examples of negative motivation.

Define job analysis.

As a technique of scientific management what is the meaning of ‘Simplification’?

Give the reason of why all organisations do not have similar type of organisation structure.