Describe any five reasons which clarify that management is gaining importance day-by-day.

Principles of Taylor and Fayol are mutually complementary. One believed that the management should not close its ears to constructive suggestions made by the employees while the other suggested that a good company should have an employee suggestion system whereby suggestions which result in substantial time or cost reduction should be rewarded.
Identify and explain the principles of Taylor and Fayol referred in the above para.

’Organising involves a series of steps in order to achieve the desired goals.” Explain these steps.

With the help of any four points, explain the crucial role that organising plays in an enterprise. 

Explain the various steps in the process of controlling.

Explain any four points that highlight the importance of controlling.

17.

State how 'Growth Prospects' affect working capital requirements of a company?

What is the primary objective of 'Financial Management’?

Give the meaning of 'Money Market'.

State any one consequence of a well performed 'allocative function' of financial market.