Directing — Business Studies STD 12 Commerce — Question

Define differential piece wage system.

What is meant by capital market?

What does the principle of ‘Initiative’ indicate?

Name the element of directing under which.

1. The manager oversees the worker's activities.
2. The manager shares information with subordinates.
3. The manager assures that worker's needs will be taken care of.
4. The manager attemps to influence his subordinates.

Give one difference between Policy and Procedure.

Name the two points of the importance of management.

Name the type of plan in which the move of competitors is considered.

Why is management not called as perfect science?

A business must emphasise on protecting the consumers and adequately satisfying them. Give one reason behind them.

In an organisation employees always feel they are under stress. They take least initiative and fear to express their problems before the manager. What do you think is wrong with the manager?