Business Studies, asked by sundaresh425, 9 months ago

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Answered by jatin2130
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Explanation:

=> (I.)

Ans a) Management is the administration of an organization, whether it is a business, a not-for-profit organization, or government body.

Ans b) Fayol has been regarded as father of modern or general management.

Ans c) The Social environment is one of the kind of business environment and it's consist of social forces like traditions, values, social trends, level of education, the standard of living etc...

Social Trends: It refers to a general change or development in the society, such as health and fitness trend among urban dwellers.

Ans d) Planning is one of the four functions is management that allows the manager to develop and implement strategic action steps aimed at reaching an organizational goal. There are three major types of planning, which include operational, tactical and strategic planning.

Ans e) Interlocking Social Structure

Ans f) An example of rule is an employer demanding their employees arrive at 8am.

Ans g) The importance of management is that it helps in Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals.

Ans h) The principle of management are the activities that "plan, organize, and control the operations of the basis elements of [people], materials, machines method, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objective of the enterprise."

Ans I) Globalization is the process of interaction and integration among people, companies, and government worldwide.

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