Directing — Business Studies STD 12 Commerce — Question

How does control simplify the task of a supervisor?

Explain the two internal sources of recruitment.

What do you mean by 'Noise'? How does it interfere in communication process?

A company is manufacturing garments. The manager wants to increase the profits by purchasing new high speed machines or increasing the sale price or using waste material in manufacturing stuffed toys.
He decided that using waste material to increase the profit is the best solution for him.
(i) Identify the concept of management involved.
(ii) Mention the steps involved in the above process by quoting the lines from the question,
(iii) To complete the process of the concept identified. What further steps does the manager have to take ?

In which type of plans the sequence of activities to complete a job is determined?

How does controlling help in decision-making? Illustrate your answer with a suitable example.

Malini is a well-known businesswoman in the field of publishing. She owes the success of her business to her own education in business management and her team of certified management consultants. Therefore, she decides to send both her children Darshit and Pihu abroad to acquire a degree in business management in their individual area of expertise. She feels that all over the world there is marked growth in management as a discipline, but still it is not considered to be a full-fledged profession for certain reasons.

1. Explain the reasons because of which Malini considers management as a discipline.
2. Critically examine the various reasons because of which management is not considered to be a full-fledged profession.

Explain the concept of demonetisation.

What is meant by ‘Production Concept’ of marketing?

After completing a diploma course in Wedding Planning Sunidhi plans to start her own business under the name 'Heart Beat.' She plans to hire a team of experts to give her clients a unique and unforgettable wedding experience keeping in mind their preferences and budget. Since childhood she has been admiring her grand father's financial skills, so she decides to visit him in Mewar to seek his guidance and blessings. Her grandfather tells her that the success of business depends on how well finance is invested in assets and operations and how timely and cheaply the finances are arranged, from outside or from within the business. He warns her that she should always invest time in identifying different available sources of finance and comparing them in terms of their costs and associated risks. Similarly, the finance needs to be invested in a manner that the returns from the investment exceed the cost at which procurement has taken place.
In the context of the above case:
a. Identify and explain the financial concept being discussed above which has a direct bearing on the financial health of a business.
b. Name any two financial statements which reflect the financial health of a business.
c. Briefly outline the key objective of the concept as identified in part (a) of the question.