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What is meant by the term 'span of control'?

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Important Questions on Nature and Significance of Management

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What is the main focus of the 'Scalar Chain' principle in management?
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Consider the demand curve D(p) = 10 – 3p. What is the elasticity at price 5/3?
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Which principle of management suggests that work should be divided among individuals and groups to ensure efficiency?
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Ms. Jayshree recently completed her Post Graduate Diploma in Human Resource Management and was appointed as the human resource manager of a large steel manufacturing company planning to expand by hiring 200 additional employees. She has been given complete charge of the company’s Human Resource Department. What steps should Ms. Jayshree take to perform her job efficiently?
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Which management concept ensures that each employee has only one direct supervisor?
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What is the meaning of ‘Debentures issued as a collateral security’?
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Which management principle advocates for one plan for a group of activities with the same objective?
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What does ‘Issue of debentures for consideration other than cash’ mean?
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Identify and state the force that binds all the other functions of management.
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Which principle of management emphasizes the importance of fair treatment and respect for employees?
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What is the key focus of the 'Unity of Command' principle in management?
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Which function of management helps in building interpersonal relationships within the organization?
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Which management principle suggests the need for fairness and consistency in employee treatment?
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What does it mean to issue debentures at a discount and redeemable at a premium?