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

Define ‘Formal communication’.

Every manager applies his personal skills and knowledge in the day-to-day functioning of an enterprise. It is proved because.

1. Management is an art.
2. Management is a science.
3. Management is a profession.
4. None of these.

A liquor manufacturing firm provides liquors to its employees at cheaper rates to motivate them. Which values are deficient in this plan?

State any one characteristic of co-ordination.

What is included in "Technological Environment of Business?

Vivo Mobile aims to produce 20,000 mobiles in 2017 . To achieve this target production department strives for timely production, finance department agreed for timely release of funds, purchase agreed for timely supply of raw materials and sales department agreed to take all possible steps to sell them. Due to combined efforts of all the departments, company can achieve its target.(i) Which characteristic of management is highlighted in above para?(ii) Which importance of management is highlighted here?(iii) Which other aspect of management helps the Vivo Mobile Ltd. to achieve its objectives.

In a company there are four departments for finance, marketing production and human resource development. Identify the principle of management used in this company.

Discuss the role of intermediaries in the distribution of consumer non durable products.

After completing a course in Travel and Tourism, Vaibhav started his own travel agency. In order to ensure smooth functioning of his business, he decided to create fourteen job positions divided into four departments on the basis of functions namely front office department, including online query, reservation department, accommodation booking department and securing payment department. In order to avoid conflicts, he clearly assigned the line of authority and area of responsibilities for each job position.(a) Which function of management is being described in the above lines?(b) Identify the framework created by Vaibhav.(c) Name the type of framework created by Vaibhav.(d) Give two advantages of that frame work.

This technique of scientific management tries to find out one best way of doing the job. Name it.