CBSE eBooks CBSE Guess > eBooks > Class XII > Business Studies By Dorothy Mathias
Chapter – 1 Nature & Significance Of Management (2+5 =7 marks) Warning: include(../../../ads_330x250_middle.php): Failed to open stream: No such file or directory in /home/cbseguess/public_html/ebooks/xii/business_studies/chapter1b.php on line 27 Warning: include(): Failed opening '../../../ads_330x250_middle.php' for inclusion (include_path='.:/opt/cpanel/ea-php83/root/usr/share/pear') in /home/cbseguess/public_html/ebooks/xii/business_studies/chapter1b.php on line 27 Your grandfather has retired as a director. At what level of management was he working? What functions do you think he was performing? State any two. Or Who are regarded as Top Management in a business organization? State any two functions of Top management? – 2 marks Top management is the 3rd line of management, which consists of Chairman, Directors, Managing Director, General Manager and other top-level executives required to achieve the goals of the enterprise. The functions of top management are:
What is meant by “Balancing” in coordination? – 2 marks Or State any two elements of coordination The key elements of coordination are as follows: (BIT) Balancing: The activities of one department must be properly balanced and supported by other departments in order to achieve optimum results. Integration: It is the unification of all diverse group efforts, which are brought together to produce best possible results. This results in better performance of the firm. Timing: The business activities should be planned in such a way that the functions of every employee and department are performed according to a time schedule. What is administration – 2 marks Administration means: (LIDS)
Administration is part of management. Comment? – 5 marks
Management and Administration mean the same thing” Explain this view – 5 marks
“Administration comes first and management follows it” Comment. – 5 marks,
Is management becoming a profession? Discuss in light of emerging trend? Yes, management is by and large becoming a profession. This can be seen by referring to the following emerging trends in business:
Business Studies by Dorothy Mathias
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