12th Commerce Chapter 2 Assignment Answer Key - July 2021

12th Commerce unit 1 Assignment Answer Key - Chapter 2 English Medium and Tamil Medium

Assignment 

Standard - XII

 Subject: Commerce

Unit - 1

Chapter-2 Functions of Management Assignment Answer key

Part - A

I. Multiple choice questions 

1. Functions of management are mainly classified into_____

a) Two

 b) Three 

c) Four 

d) Five 

2. "Think before you act "its related to ______

a) Organising 

b) Staffing 

c) Planning 

d) Directing

3. Pick out the correct pair? 

a) Newsletter- directing 

b) Selection of competent person -directing 

c) Favorable climate conditions to work- controlling 

d) To evaluate the performance of employees- Co-ordinating 

4. Which is the main functions of management? 

a) Innovating 

b) Controlling 

c) Planning 

d) Decision making 

5.Which of the following is not a main function? 

a) Co-ordinating 

b) Controlling 

c) Directing 

d) Innovating 

6._______is includ d in evry managerial function. 

a) Co-ordinating 

b) Controlling

c) Staffing 

d) Oganisin

7. Which of the following is not a subsidiary function of management?

a) Representation 

b) Decision-making

c) Communication 

d) Planning

8. Which is a primary function of management? 

a) Innovating 

b) Controlling 

c) Planning 

d) Decision-making

9.Which of the following is verification function? 

a) Planning 

b) Organising

c) Staffing 

d) Controlling

10.______is the transmission of human thoughts, views are opinions from one person to another person.

a) Decision-making 

b) Communication 

c) Planning 

d) Innovation

Part – B

II.Very Short Answer. 

11.Write a short note about Planning.

Answer:

• “Thinking before doing” or “Look Before you Leap” are the traditional proverbs which provide a basis or logic for planning.
• Planning is the primary function of management.
• Nothing can be performed without planning.

12.What is meant by Motivation?

Answer:

• The goals are achieved with the help of motivation. Motivation includes increasing the speed of performance of a work and developing a willingness on the part of workers. This is done by a resourceful leader.

13.What is meant by controlling?

• Controlling is performed to evaluate the performance of employees and deciding increments and promotion decisions.

• It helps to identify under performers and arranging remedial training for them.

• It Compares the actual performance with predetermined standards.

14.List out the subsidiary functions of management. 

• Innovation
• Representation
• Decision-making
• Communication

15.What is the traditional proverb used in planning?

Part – C

III. Short Answer. 

16. List out the main functions of management. 

The main functions of management are listed below:

1. Planning
2. Organizing
3. Staffing
4. Directing
5. Motivating
6. Controlling and
7. Co-ordination

17.What is mean by stopping? 

17.What is mean by Staffing? 

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

18.What is meant by innovating?

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

19.What is meant by Coordinating?

• 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.
• Co-ordination is included in every managerial function; 
• All the activities are divided groupwise or sectionwise under organising function. 
• Now, such grouped activities are co-ordinated towards the accomplishment of objectives of an organisation.

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

• Communication is the transmission of human thoughts, views or opinions from one person to another person. 
• 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. 
• Communication helps the regulation of job and co-ordinates the activities

Part – D

IV.Write in detail.

21.Explain the main functions of management.

Main Functions:

Planning:

• “Thinking before doing” or “Look Before you Leap” are the traditional proverbs which provide a basis or logic for planning.
• Planning is the primary function of management.
• Nothing can be performed without planning.
• Motivating:
• The goals are achieved with the help of motivation.
• It includes increasing the speed of performance of a work and developing a willingness on the part of workers.
• It may be monetary [cash] or nonmonetary [kind].

Controlling:

• It is performed to evaluate the performance of employees and deciding increments and promotion decisions.
• It helps to identify underperformers and arranging remedial training for them.
• It compares the actual performance with predetermined standards, [other functions – organising – Directing – Co-ordination – Staffing]

22.Explain the subsidiary functions of management

Subsidiary Functions:

Innovation:

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

Decision making:

• Every employee of an organisation has to take a number of decisions every day.
• Decision-making helps in the smooth functioning of an organisation. [Other Functions – Representation – Communication]