Coordination is the essence of management. Do you agree? Give reasons.
Yes, Coordination is the essence of management the process by which a manager synchronises the activities of different departments is known as coordination. Coordination is the force that binds the functions of management. It is the common link that runs through all activities such as purchase, production, sales and finance for smooth working of the organisation. The process of coordinating the activities of an organisation begins at the planning stage itself. Planning is the initial stage where objectives and goals of the organisation are set. Not only in planning but all the stages from planning to staffing coordination is required to achieve the specific goal with no or minimum conflict.
Popular Questions of Class 12 Business Studies
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What are the steps taken by management in the planning process?
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Why is management considered to be a multi-dimensional concept?
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Explain the procedure for selection of employees.
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How would you characterize the business environment? Explain with examples, the difference between general and specific environment.
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Indian Railways has launched a new broad gauge solar power train which is going to be a path breaking leap towards making trains greener and more environment friendly. The solar power DEMU (Diesel Electric Multiple Unit) has 6 trailer coaches and is expected to save about 21,000 liters of diesel and ensure a cost saving of Rs 12, 00,000 per year. Name the objectives of management achieved by Indian Railways in the above case.
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The government of India announced Demonetization of ₹ 500 and ₹ 1,000 currency notes with effect from the midnight of November 8, 2016. As a result, the existing ₹ 500 and ₹ 1,000 currency notes ceased to be legal tender from that date. New currency notes of the denomination of ₹ 500 and ₹ 2,000 were issued by Reserve Bank of India after the announcement.
This step resulted in a substantial increase in the awareness about and use of Point of Sale machines, e-wallets, digital cash and other modes of cashless transactions. Also, increased transparency in monetary transactions and disclosure led to a rise in government revenue in the form of tax collection.
a. Enumerate the dimensions of the business environment highlighted above.
b. State the features of Demonetization. - Q:-
Define scientific management. State any three of its principles.
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Explain the qualities of a good leader? Do the qualities alone ensure leadership success?
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Discuss the relevance of Taylor and Fayol’s contribution in the contemporary business environment.
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Management is a series of continuous interrelated functions. Comment.
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What is the common name for Beneficiary Owner Account, which is to be opened by the investors for trading in securities?
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State any two reasons why investing public can expect a safe and fair deal in the stock market. (Point w.r.t safety of Transactions – Functions of the Stock Exchange).
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Explain the term ‘Trading on Equity’? Why, when and how it can be used by company.
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In an attempt to cope with Reliance Jio’s onslaught in 2018, market leader Bharti Airtel has refreshed its ₹ 149 prepaid plan to offer 2 GB of 3G/4G data per day, twice the amount it offered earlier. Name the type of plan is highlighted in the given example. ? State its three dimensions also.
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What is meant by business environment?
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What are the factors affecting determination of the price of a product or service? Explain.
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