NCERT Solutions for Class 12 Business Studies Chapter 1 Nature and Significance of Management
Class 12 Business Studies Solutions Chapter 1 Nature and Significance of Management By StudyEducation Short Answer Type Questions 1. Define management. Ans: Management is defined as a process of getting things done with the aim of achieving goals effectively and efficiently. or It is a process of designing and maintaining an environment in which individuals working in groups, can achieve selected objectives efficiently and effectively. 2. Name any two important characteristics of management. Ans: Pervasive and Multidimensional. 3. Ritu is the manager of the Northern division of a large corporate house. At what level does she work in the organisation? What are her basic functions? Ans: Ritu is working at the middle level. Her basic functions are (number of functions should be given according to the marks allotted for the question). (i) Interpreting the policies formed by the top level management and acting as a link between top level management and operative management. (ii) Assigning...