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Sanskriti Tiwari 6 years, 11 months ago

Basically These are the statement of fundamental truth formed by practice and experiments which serve as a guideline to the managers
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Raghuvansh Singh Rajawat 6 years, 11 months ago

Management is a profession but not a full-fledged profession like legal, accounting or medical professions because it does not meet the exact criteria of a profession............. Restricted entry: The entry to the above stated profession is restricted through a prescribed qualification. But there is no restriction on anyone being appointed as a manager in any business enterprise. So, presently this feature of profession is not present in management...............2) Ethical code of conduct: Legal and medical professions are bound by a code of conduct which guides the behaviour of its members. AIMA has devised a code of conduct for Indian managers but there is no statutory backing for this code. So, presently this feature of profession is not present in management..........3) Service motive: The motive of legal and medical profession is to serve their client’s interests by rendering dedicated and committed service. The basic purpose of management to help the organisation achieve its goals by providing good quality products at reasonable prices, thereby serving the society is being increasingly recognised. So, presently this feature of profession is not fully present in management.??

Gaurav Seth 6 years, 11 months ago

No, management is not a full fledged profession because of the following reasons:

(i) Restricted Entry: The entry to a profession is restricted through acquiring an educational degree. For example, a degree in Law is essential for joining the Law profession. But as far as the management is concerned there is no such condition for being a manager. Hence, on this basis management cannot be accepted as a profession.

(ii) Professional Association: The profession must have a representative professional association which performs the following important functions:

(a) To regulate entry, (b) To grant certificate of practice, and (c) To create a code of conduct for guiding the activities of the profession.

In India, Representative Professional Associations with regard to other professions have already been established. There are representative professional associations like the Bar Council of India for Lawyers; Medical Council of India for Doctors; Institute of Chartered Accountants forChartered Accountants, etc. For managers. All India Management Association (A1MA) has been established. But it is not essential to be a member of the AIMA in order to be a manager.Therefore, on this basis management cannot be accepted as a profession.

(iii) Ethical Code of Conduct: Members of a profession are bound to follow a code of conduct. By Code of Conduct, we mean the rules and regulations framed to guide the behaviour of professionals. The code of conduct of already recognised professions like Law, Medical and Chartered Accountant, etc. have already been prescribed but no such code of conduct has been laid down in connection with management. On this basis it can be asserted that management is not at all a profession.

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Gaurav Seth 6 years, 11 months ago

Management enables the organisation to make available employment opportunities, hence helping in the development of society.

Management is a critical ingredient of the growth and development of a society. An efficient management of an organisation is important as it helps in achieving the individual and the organisational goals along with the long term objectives. However, it is not just the organisation that benefits from an effective management. With efficient accomplishment of goals, the overall society benefits. This is in the sense that with management, an organisation works towards providing high quality goods and services to its customers. This further creates employment opportunities for people and promotes adoption of the new technology for the betterment of the society. All this, thereby helps in increasing the overall growth and development of the society.

Raghuvansh Singh Rajawat 6 years, 11 months ago

the creation of benefits for the society. This includes • using environmental friendly methods of production, • providing basic amenities like schools and creches to employees, • giving employment opportunities to the disadvantaged sections of the society, etc.??
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Gaurav Seth 6 years, 11 months ago

Management increases efficiency ​as it aims at optimum utilisation of the available human and material resources . Thereby, it helps in achieving the desired goals with minimum cost and resources. Hence, we can say that management increases efficiency in an organisation.
 

Raghuvansh Singh Rajawat 6 years, 11 months ago

By getting work done correctly and with minimum cost ??
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Gaurav Seth 6 years, 11 months ago

This statement is absolutely correct as a manager performs five functions in the given seriatim:

 

(a) Planning: Planning refers to thinking before hand. Under this it is decided — what is to bedone, how it is to be done, when it is to be done and by whom it is to be done.

(b) Organising: Organising refers to harmonious adjustment of various elements to achievecommon objectives. It involves determining activities needed to achieve the objectives,grouping these activities into departments, assigning such group of activities to managersand defining the interrelationship among various posts so that ambiguity in performance ofduties can be eliminated.

(c) Staffing: Staffing refers to filling and keeping filled the posts with people. It ensures thatcompetent persons are appointed. The chief activities undertaken in it are recruitment,selection, training, promotion, transfer, etc.

(d) Directing: Directing refers to instructing, guiding, communicating and inspiring people inthe organisation. It includes the following four activities:

(i) Supervision: Supervision refers to monitoring the progress of work of one'ssubordinates and guiding them properly.

(ii) Communication: Communication refers to an art of transferring facts, ideas, feelings,etc. from one person to another and making him understand them.

(iii) Leadership: Leadership means that quality which influences people for the attainmentof a goal.

(iv) Motivation: Motivation means a process which excites people to work for theattainment of a desired object.

(e) Controlling: Controlling refers to bring the actual results closer to the desired results. Undercontrolling, deviations are sought to be noticed in the actual work progress and the standardsalready determined, the causes of deviations are found out and corrective action is taken sothat in future the mistakes are not repeated.

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Gaurav Seth 6 years, 11 months ago

Yes, it is because development is not possible without proper management one must have to manage things properly to achieve the target or to accomplish the work on time with efficiency. It plays a major role in a nation's growth as everything is done in a series or step by step firstly planning, organising,staffing,directing and controlling all these are the functions of management. A nation first manage the things properly plans it and then implements it so management is essential

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Esha Sharma 6 years, 11 months ago

All features of science are not present in management because it deals with human behaviour which is unpredictable
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Sanskriti Tiwari 6 years, 11 months ago

It is considered as multifaceted funcyion because there are management of 1. People 2. Work 3. Operations
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Raghuvansh Singh Rajawat 6 years, 11 months ago

Setting performance standards. Standards are the criteria against which actual performance would be measured. Standards can be set in both quantitative terms (cost to be incurred, revenue to be earned, product units to be produced and sold, time to be spent in performing a task) as well as qualitative terms (improving goodwill and motivation level of employees). ??This is from PDF guys ??? tht i was telling u earlier .Answers for all questions r there??
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Raghuvansh Singh Rajawat 6 years, 11 months ago

Can be or can be not But chances kam hai....??

Pallavi Garg 6 years, 11 months ago

Aa skta h 6marks ka
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Krishanu Saxena 6 years, 11 months ago

Wholesaler is a person who buys a commodity in stock and then re sale it to the retailer.
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Pallavi Garg 6 years, 11 months ago

It is a process of allocating all the resources i.e;man,money,machine and material and establishing authority and responsibility relationship for the achievement of organisational gaols

Mayank Chaurasia 6 years, 11 months ago

Organising refers to the arranging of everything in orderly manner to make most efficient use

Honey 8 6 years, 11 months ago

Organising is the process of defining and grouping the activities of enterprise and estabilishing authority relationships among them.
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Riya Sahu 6 years, 11 months ago

No u do not need to learn evry word of ncert but u have to learn every single heading bcz. This will help u in gaining more marks

Prateek Seth 6 years, 11 months ago

To solve case study you must need to have aal your concepts cleae
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Vansh Rastogi 6 years, 11 months ago

Controlled speculation is legal because it acts like a catalyst in determining price of securities and also helps in flow of money.
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Pallavi Garg 6 years, 11 months ago

Aprox 40 to 45 marks
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Sanskriti Tiwari 6 years, 11 months ago

write them 3 4 times after learning and understanding it will help

Digvijay Pandey 6 years, 11 months ago

Relate points with your daily life incidence that will help you lot or you can write it also

Vansh Rastogi 6 years, 11 months ago

Mnemonics would help 'cramming' the points.
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Riya Sahu 6 years, 11 months ago

To score atleast 50 marks you have to make a target of 60 marks then only you can get atleast 50 marks learn every heading vry carefully and if u r unable to learnt it then read or write ???

Raghuvansh Singh Rajawat 6 years, 11 months ago

And also start paper from back side so your 6,4,3 markers not left

Raghuvansh Singh Rajawat 6 years, 11 months ago

Learn Headings thoroughly......and as in 6 mark question 6 headings with 3-4 line description 4 markers-4 headings........ That is the best way to score easily but HEADINGS should be refrence to NCERT??
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Riya Sahu 6 years, 11 months ago

Danzzee boy aryan dont think negative and dont speak negative be positive thats gud fr u and fr everyone okk.

Honey 8 6 years, 11 months ago

Read ncert thoroughly. Don't panic. Solve more and more case studies and question papers you'll gain confidence

Digvijay Pandey 6 years, 11 months ago

Write 6 point for 6 marks questions and learn the headings from books and don't leave any questions, try to manage your time, solve at least 3 sample paper at home
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Zeenat Anees 6 years, 11 months ago

Reduce or eliminate all the barriers which affect the outside trade
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Zeenat Anees 6 years, 11 months ago

It is pervasive,multi dimensional, continues, and goal oriented process
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J K 6 years, 11 months ago

Setting an objective
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Prerna Goyal 6 years, 11 months ago

In which manager gives authority and responsibility to his subordinates and then he watch whether they are doing in a right way or not
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Aman Nagar 6 years, 11 months ago

• Must exercise his rights • Be aware of false advertisment • Be quality concious • Always take cash memo/ warrenty card
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Vansh Rastogi 6 years, 11 months ago

Its available in latest NCERT
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Rukaiya Khatoon 6 years, 11 months ago

Because these are repayed at par value no extra value is given to the buyer of these bills. Now the question arises that what is the benefit of buying? Because these are issued at discount.
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Rukaiya Khatoon 6 years, 11 months ago

Power of taking decision only at top level- Centralisation. Dispersal or division of taking decision at all levels - Decentralisation

Digvijay Pandey 6 years, 11 months ago

When decision making power is on top level hand is called centralisation. When decision making power is divided at all levels is called decentralization

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