BCOM Management Principles Exam
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Questions and Answers

Who is generally recognized as the father of Human Relations School?

Elton Mayo

What does SWOT stand for?

Strengths, Weaknesses, Opportunities, Threats

Who has developed the bureaucratic model of management?

Max Weber

What is Management by Objectives (MBO)?

<p>A concept developed by Peter Drucker</p> Signup and view all the answers

What is the number of subordinates under the manager’s direct control or supervision known as?

<p>Span of control</p> Signup and view all the answers

According to the Companies Act, 2013, how can a company come to an end?

<p>A company can come to an end by winding up through the Tribunal or voluntary winding up.</p> Signup and view all the answers

Under what circumstances can a company be wound up by the Tribunal?

<p>A company can be wound up by the Tribunal if it is unable to pay its debts, has acted against the interest of the sovereignty and integrity of India, has not filed financial statements or annual returns for the preceding five consecutive financial years, or if the tribunal deems it just and equitable.</p> Signup and view all the answers

What is the method of winding up a company as per section 270 of the Companies Act, 2013?

<p>The methods of winding up a company as per section 270 of the Companies Act, 2013 include winding up by Tribunal and voluntary winding up.</p> Signup and view all the answers

What is liquidation?

<p>Liquidation or Winding up is a legal procedure through which the affairs of a company are wound up.</p> Signup and view all the answers

What is a company's corporate life terminated through?

<p>A company's corporate life is terminated through the process of liquidation.</p> Signup and view all the answers

Study Notes

Human Relations School and Management Models

  • Elton Mayo is recognized as the father of the Human Relations School for emphasizing social factors in productivity.
  • The bureaucratic model of management was developed by Max Weber, focusing on structured hierarchical organizations and rule-based governance.

SWOT Analysis

  • SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, a strategic planning tool used to identify internal and external factors affecting an organization.

Management by Objectives (MBO)

  • Management by Objectives (MBO) is a performance management approach where managers and employees set mutually agreed-upon goals, enhancing clarity and motivation.

Organizational Structure

  • The number of subordinates under a manager’s direct control or supervision is known as the span of control, impacting management efficiency and employee oversight.

Company Dissolution

  • Under the Companies Act 2013, a company can come to an end through methods like striking off, winding up, or dissolution due to insolvency or other legal processes.

Winding Up by the Tribunal

  • A company can be wound up by the Tribunal under circumstances such as financial distress, inability to pay debts, or if it's deemed just and equitable.

Liquidation Process

  • Liquidation, as per section 270 of the Companies Act, 2013, involves settling a company's debts and distributing remaining assets to shareholders before dissolution.

Corporate Life Termination

  • A company's corporate life is terminated through various means including liquidation, winding up, or voluntary dissolution, concluding its existence as a legal entity.

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Description

Prepare for the Bachelor of Commerce (Honours) (BCOM) Management Principles and Application exam with this quiz. Test your knowledge of management functions, principles, and applications.

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