Short Answer Type

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What is important while analyzing deviations in controlling?


While analyzing deviations, it is important to determine the acceptable range of deviations. Deviations in key areas of business need to be attended more urgently as compared to deviations in certain insignificant areas. 

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

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What is meant by management? 

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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 meant by principles of management?

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

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Explain in one sentence how direction initiates action in management. 

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State anyone principle of scientific management.

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

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