Principles of Management — Business Studies STD 12 Commerce — Question

'Interest rates significantly affects the demand for goods and services' is an example of political environment. (True/ False)

Why is motivation taken as a complex process?

What does allocation as a function of distribution channels involve?

State the characteristics which help to develop better organisational climate.

Why are that management principles universal?

Which kind of appeals can be taken to the Supreme Court?

The production manager of a company received the complaint that the quality of the goods was not good. After investigation, it came to light that the machines had become very old. That is why, they were unable to achieve standardised quality. The production manager developed several options by way of solution to this problem. Example, getting the machines repaired, purchasing new local machines, purchasing new imported machines, if possible taking machines on rent, etc. The CEO of the company wanted the list of options to be smaller, so that a thorough study could be made for them. In order to make the list of optional ways smaller, he decided to give up all those options which required the investment of more than ₹ 10 crores.(a) Identify the concept described in the paragraph given above.(b) What do you understand from the fact of company fixing the maximum investment limit on options?

State the dimensions of business environment.

HCL Company's finance manager has decided to retain its entire profit to meet financial requirement for its growth. Name the type of decision involved.

In functional foremanship, 'route clerk’ is responsible for the quality of work. (True/ False)