Nature and Significance of Management — Business Studies STD 12 Commerce — Question

"The understanding of business environment helps the manager to identify 'threats'. What is meant by 'threats' here?

Mohan, the manager of a business undertaking is very lax with his fellow employees and subordinates. He does not give them parameters or rules for reporting to work and completion of assignments.
Which principle of management is being overlooked and why? Give one violating effect.

List any two social objectives of management.

Standards can be set in both quantitative as well as qualitative terms. Show through examples.

Business environment enables the firm to identify opportunities and getting the first mover advantage. Justify it with an example.

Which type of training is a joint programme of training in which educational institutions and business firms cooperate?

'Staffing is an inherent part of human resource management'. Do you agree?

State first two steps in the process of planning.

It is the process of increasing the knowledge and skills of an employee for doing a particular job. Which process is referred to here?

'Organisation is a mechanism of management'. What does this statement indicate?