Your grandfather has retired as the Director of a manufacturing company. At which level of Management was he working? Different type of functions are performed at this level. State anyone function.

What is meant by management? 

3.

What is meant by principles of management?

State anyone principle of scientific management.

'Business environment includes both 'specific and general forces.' List any four specific forces.

Explain in one sentence how direction initiates action in management. 

Why it is said that 'controlling is a continuous activity'?

What is important while analyzing deviations in controlling?

Explain any two impacts of Government policy changes on Business and Industry.