12th Commerce - Book Back Answers - Chapter 1 - English Medium Guides

  

 

Plus Two / 12th Commerce - Book Back Answers - Chapter 1 - English Medium

Tamil Nadu Board 12th Standard Commerce - Chapter 1: Book Back Answers and Solutions

    This post covers the book back answers and solutions for Chapter 1 – Commerce from the Tamil Nadu State Board 12th Standard textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.

    We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.

    By going through this material, you’ll gain a strong understanding of Commerce Chapter 1 along with the corresponding book back questions and answers (PDF format).

Question Types Covered:

• 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following 
• 2 Mark Questions: Answer briefly 
• 3, 4, and 5 Mark Questions: Answer in detail

All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.

All the best, Class 12 students! Prepare well and aim for top scores. Thank you!

Chapter 1: Principles of Management

I.Choose the correct answer.

1. Management is what a _________ does?
a) Manager         
b) Subordinate        
c) Supervisor         
d) Superior
Answer Key:
a) Manager

2. Management is a ____?
a) Art    
b) Science    
c) Art and Science    
d) Art or Science?
Answer Key:
c) Art and Science

3. Scientific management is developed by ____?
a) Fayol    
b) Taylor     
c) Mayo     
d) Jacob
Answer Key:
b) Taylor

4. Dividing the work into small tasks is____?
a) Discipline              
b) Unity         
c) Division of work         
d) Equity
Answer Key:
c) Division of work

5. With a wider span, there will be _____hierarchical levels.
a) More              
b) Less     
c) Multiple         
d) Additional
Answer Key:
b) less

II. Very short answer questions.

1. What is management?
Answer Key:

• Management is goal oriented and it is an art of getting things done with and through others.

2. List out the management tools?
Answer Key:

They are:

• Accounting
• Business law
• Psychology
• Statistics
• Econometrics
• Data processing, etc.

3. State the meaning of Authority?
Answer Key:

• Authority means the right of a superior to give the order to his subordinates whereas responsibility means obligation for performance.

4. What do you mean by Span of management?
Answer Key:

• The Span of Management refers to the number of subordinates who can be managed efficiently by a superior.
• The manager having the group of subordinates who report him directly is called as the span of management.

III. Short answer questions.

1. Define the term management?
Answer Key:

• “To manage is to forecast, to plan, to organise, to command, to co-ordinate and to control.” - Henry Fayol.

2. Differentiate management from Administration (any-3)?
Answer Key:

Basis	Management	Administration
Authority	Middle and Lower Level	Top Level
Role	Executive	Decisive
Key person	Manager	Administrator

3. What are the principles of Taylor?
Answer Key:
1. Science, Not Rule of Thumb
2. Harmony, Not Discord
3. Mental Revolution
4. Cooperation, Not Individualism
5. Development of each and every person to his or her greatest efficiency and prosperity.

4. What determines the span of management?
Answer Key:

• Both these organizational structures have their advantages and the disadvantages.
• Since the span is narrow, which means less number of subordinates under one superior, requires more managers to be employed in the organization.
• With more levels in the hierarchy, the communication suffers drastically.
• Lack of coordination and control because the operating staff is far away from the top management.

IV. Long answer questions.

1. Explain the concept of management (any-5)
Answer Key:
1. Body of Knowledge:

• Management has now developed into a specialized body of management theory and philosophy.

2. Management Tools:

• Tools of management have been developed such as, accounting, business law, psychology, statistics, econometrics, data processing, etc.

3. Separate Discipline:

• Management studies in many universities and institutions of higher learning are recognized as a separate discipline.

4. Specialization:

• There is a growing tendency to select and appoint highly qualified, trained and experienced persons to manage the business in each functional areas of management.

5. Code of Conduct:

• Enlightened businessmen have recognized that business management is a social institution and it has social responsibilities to be fulfilled — towards customers, employees, and the public or community.

2. Explain the principles of modern management (any-5)
Answer Key:
1. Division of Work:

• According to this principle the whole work is divided into small tasks.

2. Authority and Responsibility:

• This is the issue of commands followed by responsibility for their consequences.

3. Discipline:

• It is obedience, proper conduct in relation to others, respect of authority, etc.

4. Order:

• Social order ensures the fluid operation of a company through authoritative procedure.

5. Equity:

• Employees must be treated kindly, and justice must be enacted to ensure a just workplace.

 

Prepared By:

 

B.MUTHUKUMAR 
PG ASST COMMERCE
MKVK MATRIC HR SEC SCHOOL 
TENKASI