CBSE Class 12 - Business Studies - 1-Mark Questions (with Answers)
Q1: What is meant by ‘efficiency’ in management?
Answer: Efficiency means doing the task correctly and with minimum cost.
Q2: How does management help in achieving personal objectives? State.
Answer: Management helps in achieving personal objectives by motivating and leading in such a way that the individual members are able to achieve personal goals while contributing to the overall organisational objectives.
Q3: Define ‘ planning premises’.
Answer: Planning premises are the assumptions made about the future on the basis of which the plans are drawn.