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business studies
STUDY MATERIAL
ON
HOTS
Subject: Business Studies

CLASS – XII

Part - A
PRINCIPLES AND FUNCTIONS OF MANAGEMENT

Chapter -1
NATURE AND SIGNIFICANCE OF MANAGEMENT

1. Which force is consisted as the essence of management?
2. ‘Doing the task with minimum cost” name the term associated with management?
3. ‘ In order to be successful , an organization must change its goals according to the needs of the environment. Whish characteristics of management are highlighted in this statement.
4. Which function of management is bridges the gap between where we stand today and where we want to reach/
5. Name the function of management which establishes organization structure and establishes authority and responsibility relations?
6. In which functions of management standards are compared with actual, deviations are find out and corrective steps are taken?
7. Anything (-) management is equal to what?
8. Departmental manages are included at which level of management?
9. Name the level of management the following parts belongs to.
1. Purchase managers.
2. CEO
3. Superintendent.
10. ‘Survival profit and growth are essential target of any business’ which objectives of management is referred here?
11. ‘Every organization whether it is business or non-business should use environmental methods of production, give employment opportunities and provide basic amenities like schools and crèches to employees’ name the objective of management indicated here?
12. The activities involved in managing an enterprise are common to all organizations whether social or political’ which characteristics of management is highlighted by this statement?

13 What is PODSCORB?
14. How Management is an intangible force?
15. “Management is essential for successful running of an enterprise”, How?
16. Father of Mr. ‘Y’ acts as Vice President in ABC Ltd. Name the level of Management he is working? Explain Any two functions performed by him?

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