Business Studies 1 Marks Question

Which two steps in the process of controlling are concerned with compelling events to confirm to plan?

Give two examples of qualitative standards set up in controlling process.

Give two examples of quantitative standards set up in controlling process.

What is feedback in controlling?

What is compared with what in controlling?

Why is planning an empty exercise without controlling?

Is controlling backward looking?

What do you mean by Deviation?

Engineer India Ltd. is engaged in manufacturing machine components the target production is 300 units per day. The company had been successfully attaining the target three months ago. Over the last three months, it has been observed that daily production varies between 220 and 250 units. Identify the management function to rectify the above situation. Briefly state the procedure of this function.

Which principle of management control is based on the belief "an attempt to control everything may end up by controlling nothing"?

What do you mean by key result area in the context of controlling?

Explain the two principles a manager must consider while dealing with deviation effectively?

Name and explain the first three steps of the function of management shown in the picture.

One day, the management instructor of BBA classes organised a "Panel Discussion" on important topics of management. The students were given the following clues for discussion. Each student was given 3 minutes for elaborating on the clues given below:Clue 1: They are inseparable twins.Clue 2: They are inter-dependent, inter-related and reinforce each other.Clue 3 : They both are forward as well as backward looking.1. Identify the functions of management written in clues above.2. Elaborate on the 3 clues.

Mr Sandhu worked as a manager in a company manufacturing stationery items for 10 years. Later he thought of starting his own business as he acquired the skills and expertise in past years. He started his own venture. He divided the organisation into six major departmentsProduction, Purchase, Marketing, Legal, Human resource and Finance. After a month, he called upon the meeting of all the departmental heads in his office and told the production marketing and finance department managers to be very vigilant as their departments are critical to the success of the business. Shortcomings in Purchase, Personnel or Legal department would not affect much the success of business. Therefore, Mr Sandhu determined deviation tolerance limits for the critical departments.1. Identify the two functions of management referred above.2. Describe the relevant concept of the identified functions.

Polycons Ltd. is a firm manufacturing paper bags in Odisha. It has employed female workers in the company and manufactures paper bags from recycle paper and thereafter sells them to various firms at economic rates.Since last 1 month, its customers (firms) are reporting of complaints received from the users that these paper bags are unable to manage heavy weight and get torn easily.1. Which function of management has been ignored above? 2. Discuss the steps to be undertaken in respect of the ignored function to pacify the situation.

'Tricom Ltd.' a computer hardware manufacturing company imported a new machinery for manufacturing latest technology based computer systems. The human resource manager determined that for operating the new machines, the company required the necessary workers through placement agency.After 3 months, it was reported by the production manager that the workers were not able to meet the target production. The General Manager got annoyed and ordered inquiry for the same. It was reported that the newly recruited workers possessed the necessary skills and abilities but lacked the willingness to do work.(i) Name the functions of management involved above.(ii) Name the relevant concept of functions identified in (i).(iii) Which concept of management will help the company in meeting the target production?

Prakash Jha wishes to fix-standard production for worker along with standard time to complete the job. Under which function of management, standards are fixed?