Principles of Management — Business Studies STD 12 Commerce — Question

Management is only required in business organizations, it is not required in Not-for-profit organizations like clubs, charitable institutions etc. Do you agree? Why or why not?

Formal organisation has the limitation of ‘Delay in Work’. Comment.

State any one characteristic of co-ordination.

State one limitation of sales promotion.

What two ways the term supervision can be understood?

At which level of management, managers are responsible for maintaining the quality output and safety standards?

Why is it said that ‘controlling is looking ahead’?

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

How can principles given by Fayol and Taylor be differentiated from each other on the basis of applicability?

Identify the step in which capability of the employee is judged.