Business Environment — Business Studies STD 12 Commerce — Question

It helps to minimize dishonest behaviour on the part of the employees by keeping a close check on their activities. Mention the importance of controlling indicated here.

Give any one characteristic of principles of management.
OR
State any two points which highlight the nature of principles of management.

The management of a company promises the workers to pay extra wages if they work overtime, but later on management refuses to pay extra wages. Which principle is violated in this case?

Define ‘objectives' as types of plans.

An investor wanted to invest ₹. 20,000 in Treasury Bills for a period of 91 days. When he approached the Reserve Bank of India for this purpose he came to know that it was not possible.
Identify the reason why the investor could not invest in the Treasury Bill.

Explain in brief the term ‘Price Mix’ as an element of ‘Marketing Mix’.

“Management increases efficiency” How?

Mr. Rajiv is the owner of 'Laxmi Dairy.' He is producing various milk products. He always tests various ways of producing different products and chooses the best and most economical way of production. He is also very particular about fixing a place for everything and he makes sure that all the employees are given a fixed place so that there is no wastage of time and delay in production.1. Which technique of scientific management is applied by Mr. Rajiv?2. Which principle of Henry Fayol is followed by him?

What is the next step after selecting an alternative course of action?