12th Commerce guide Chapter 2: FUNCTIONS OF MANAGEMENT - Reduced syllabus 2021 - Book back Question and answer

I. Very Short Answer Questions: 

1. Write a short note about Planning. 

1. *Planning is the primary function of management. Nothing can be performed without planning.
2. *Planning refers to deciding in advance. Planning should take place before doing.

2. What is meant by Motivation? 

1.  It is the process of stimulating people to actions to accomplish the goal.
2.  Motivation includes increasing the speed of performance of a work and developing a willingness on the part of workers.

3. What is meant by Controlling? 

1.  It is the control function which facilitates synchronization of actual performance with predetermined standards.
2.  Controlling is performed to evaluate the performance of employees and deciding increments and promotion decisions.

4. List the subsidiary functions of management.

1.  Innovation, Representation, Decision-making, and Communication are the subsidiary functions of management.

5. What is the Traditional proverb used in planning?

1.  Think Before you Act‘ or 'Look Before you Leap' are some of the usual traditional proverbs; which provide a basis or logic for planning.

12th commerce guide Reduced syllabus 2021 based PDF Download

II. Short Answer Questions: 

1. List out the main functions of management?

1.  Planning
2.  Organizing
3.  Staffing
4.  Directing
5.  Motivating
6.  Controlling
7.  Coordination

2. State the importance of staffing. 

1.  Staffing refers to placement of right persons in the right jobs.
2.  The success of any enterprise depends upon the successful performance of staffing function.
3.  Staffing helps to ensure better utilization of human resources.
4.  It ensures the continuity and growth of the organization, through development managers.

3. What is meant by Innovation?

1.  Innovation refers to the preparation of personnel and organisation to face the changes made in the business world.
2.  Innovation includes developing new material, new products, new techniques in production, new package, and new design of a product and cost reduction.

4. What is meant by Coordination?

1.  Co-ordination is the synchronization of the actions of all individuals, working in the enterprise in different capacities; so as to lead to the most successful attainment of the common objectives.
2.  Co-ordination is included in every managerial function; 
3.  All the activities are divided groupwise or sectionwise under organising function. 
4. Now, such grouped activities are co-ordinated towards the accomplishment of objectives of an organisation.

5. How the employees are informed about important matters in a company?

1.  Communication is the transmission of human thoughts, views or opinions from one person to another person. 
2.  Workers are informed about what should be done, where it is to be done, how it is do be done and when it is to be done. 
3.  Communication helps the regulation of job and co-ordinates the activities.

12th commerce guide Reduced syllabus 2021 based PDF Download

III. Long Answer Questions: 

1. Explain the various functions of management.

Main Functions:

I.Planning:

1.  Planning is the primary function of management. Nothing can be performed without planning.
2.  Planning refers to deciding in advance. Planning should take place before doing.

II.Organising:

1.  Organising is the process of establishing harmonious relationship among the members of an organisation and the creation of network of relationship among them.

III.Staffing: 

1.  staffing refers to placement of right persons in the right jobs. The success of any enterprise depends upon the successful performance of staffing function

IV.Directing: 

1.  Directing denotes motivating, leading, guiding and communicating with subordinates on an ongoing basis in order to accomplish pre-set goals.

V.Motivating: 

1.  It is the process of stimulating people to actions to accomplish the goal.Motivation includes increasing the speed of performance of a work and developing a willingness on the part of workers.

VI.Controlling: 

1.  It is the control function which facilitates synchronization of actual performance with predetermined standards.

VII.Co ordination: 

1.  Co-ordination is the synchronization of the actions of all individuals, working in the enterprise in different capacities.

Subsidiary Functions:

I.Innovation:

1. Innovation refers to the preparation of personnel and organisation to face the changes made in the business world.

II.Representation:

1. A manager has to act as representative of a company. It is the duty of every manager to have good relation with others.

III.Decision-making:

1. Every employee of an organisation has to take a number of decisions every day. Decision making helps in the smooth functioning of an organization.

IV.Communication:

1. Communication is the transmission of human thoughts, views or opinions from one person to another person. 

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12th commerce Guide - new reduced syllabus based book back Questions and answer