Short Answer Type

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What is meant by principles of management?


Management Principles are guidelines to take decisions or actions while practicing managerial techniques. They are basic truths or guidelines for behavior.

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Why it is said that 'controlling is a continuous activity'?

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State anyone principle of scientific management.

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Explain in one sentence how direction initiates action in management. 

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What is meant by management? 

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'Business environment includes both 'specific and general forces.' List any four specific forces.

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Explain any two impacts of Government policy changes on Business and Industry. 

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The understanding of business environment helps the managers to identify 'threats'. What is meant by 'threats' here?
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Your grandfather has retired as the Director of a manufacturing company. At which level of Management was he working? Different type of functions are performed at this level. State anyone function.

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What is important while analyzing deviations in controlling?

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