Management Of Business — Flashcards
Karnataka Board · Class 9 · Social Science
20 flashcards for Management Of Business (Karnataka Board Class 9 Social Science) to test yourself on key terms and facts.
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Define management according to J.L. Haynes and explain its core purpose.
Answer
According to J.L. Haynes, 'Management is an art of getting things done through other people.' Management is the process of achieving predetermined objectives through others by directing their efforts …
What is Division of Work according to Henry Fayol's principles?
Answer
Division of Work means dividing work among employees to achieve specialization and efficiency. This principle leads to expertise in specific tasks, minimizes wastage, and maximizes production and prof…
Explain the principle of Unity of Command with an example.
Answer
Unity of Command means an employee should receive orders from only one superior. This prevents confusion and conflicts in instructions. Example: A factory worker should receive instructions only from …
What is the difference between Unity of Command and Unity of Direction?
Answer
Unity of Command: One employee receives orders from one superior only. Unity of Direction: Each group of activities with the same objective must have one head and one plan. Unity of Command focuses on…
Define decision making and explain why it is crucial in business.
Answer
Decision making is the mental process of selecting a course of action among several alternatives. It is crucial because businesses face multiple choices daily (like choosing transportation modes for g…
Compare Individual Decisions and Group Decisions with examples.
Answer
Individual Decisions: Made by one person, like in sole proprietorship. Based on individual capability and experience. Example: A shop owner deciding inventory levels. Group Decisions: Made by multiple…
What factors should be kept in mind while making business decisions?
Answer
Key factors include: 1) Time factor - urgency of decision, 2) Experience - past knowledge and expertise, 3) Wisdom - making wise choices, 4) Firmness - sticking to decisions once made, 5) Boldness - t…
What is Planning as a functional area of management?
Answer
Planning involves determining the future course of operations for a given period. It includes setting organizational objectives and formulating plans, policies, strategies, programs, procedures, and s…
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Sources & Official References
- Karnataka SSLC — kseeb.kar.nic.in
- Dept of Pre-University Education, Karnataka
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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