Financial Management — Business Studies STD 12 Commerce — Question

Give the meaning of ‘Programme’ as a type of plan.

A patient didn’t read carefully the instructions on the pack of the drug. On using it his health deteriorated further instead of improving. If you were in his place what would you do?

‘The greater number of managerial levels in an organisation makes it more complex’. To which type of organisational barrier to communication this statement refers to?

Alliance Ltd. is engaged in manufacturing plastic buckets. The objective of the company is to manufacture 100 buckets a day. To achieve this, the efforts of all departments are coordinated and interlinked, and authority responsibility relationship is established among various job positions. There is clarity on who is to report to whom.
Name the function of management discussed above.

Why are the principles of management called contingent?

It is the process whereby an executive develops an orderly pattern of group efforts among his subordinates and secures unity of action in the pursuit of common purpose. Which process is referred to here?

Which function of management ensures that actual activities conform to planned activities?
OR
Name the function which reviews the operations in a business unit.

OR
Planning is an empty exercise without this function of management. Mention this function.

State any one function performed by labelling.

Give any two methods of external recruitment.

Give the meaning of ‘Responsibility’ as an element of delegation.