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12th Standard English Medium Commerce Subject Principles of Management Creative 2 Mark Questions with Solution Part - II

Published on: 22/06/2021

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Creative Questions in class 12 Commerce Subject. It will helps to get more idea about question pattern in
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Std: 12th Standard - Commerce

chapter: - Creative Questions

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Questions:

Generic 2

5 x 2 = 10

What are the twin purposes of the management process?

What are the three jobs of management?

What is unity of command?

What are 4 M's?

What is unity of direction?

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Answers Key:

Generic 2

5 x 2 = 10

There are twin purposes of the management process: They are
(i) Maximum productivity or profitability; and
(ii) Maximum human welfare and satisfaction.

According to peter Drucker three jobs of management are:
(i) Managing a business
(ii) Managing a manager
(iii) Managing workers and work.

(i) This principle states that each subordinate should receive orders and be accountable to one and only one superior.
(ii) If an employee receives orders from more than one superior, it is likely to create confusion and conflict.
(iii) It is the control function which facilitates synchronization of actual performance with pre determined standards.

Men, Machine, Money and Materials are called 4 M's.

All related activities should be put under one group, there should be one plan of action for them and they should be under the control of one manger.