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

Mr. Mohan, Financial Manager of ABC Ltd., has prepared the annual statement of proposed expenditure to be presented in the Annual General Meeting.
Identify the type of plan formulated by the financial manager.
OR
Name the type of plan which is also a control device.

'REI Agro Food Ltd. is a famous multinational company. Mr. S.K. Nagi is its finance manager. He is making efforts to increase the market value of capital invested by the equity shareholders. He already knew it could be possible only when price of the shares increases and price of shares increase only if financing, investment and dividend decisions are taken optimally. He did the same and achieved success.Which objective of financial management has been referred here? Explain.

Telco Ltd. manufactures files and folders from old clothes to discourage the use of plastic files and folders. For this, they employ people from nearby villages where very less job opportunities are available. An employee, Harish, designed a plan for cost reduction but it was not welcomed by the production manager. Another employee gave some suggestions for improvements in design, but it also was not appreciated by the production manager.

1. State the principle of management that is violated in the above paragraph.
2. Identify any two values that the company wants to communicate to the society.

Which function of management fills the jobs created by organising function?

What type of relation exists between a leader and his follower?

Voltech India Lid is manufacturing LED bulbs to save electricity and running under heavy losses. To revive from the losses, the management thought of shifting the unit to a backward area where labour is available at a low cost. The management also asked the workers to work overtime without any additional payment and promised to increase the wages of the workers after achieving its mission. Within a short period the company started earning profits because both the management and the workers honoured their commitments.

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

Give the meaning of ‘Delegation’.

Name the products to which the following quality certification marks are associated
.

Management of any organisation strives to attain different objectives. Enumerate any two such objectives.

"Management creates a dynamic organisation.” How?