Business Environment — Business Studies STD 12 Commerce — Question

A Manager increased the production target from 500 units to 700 units per month but the authority to draw raw material was not given by him. The employees were not able to meet the new target. Who should be held responsible for this and which principle has been violated here? Explain.

After completing a course in Travel and Tourism, Vaibhav started his own travel agency. In order to ensure smooth functioning of his business, he decided to create fourteen job positions divided into four departments on the basis of functions namely front office department, including online query, reservation department, accommodation booking department and securing payment department. In order to avoid conflicts, he clearly assigned the line of authority and area of responsibilities for each job position.(a) Which function of management is being described in the above lines?(b) Identify the framework created by Vaibhav.(c) Name the type of framework created by Vaibhav.(d) Give two advantages of that frame work.

Who provides protection and guidelines to the investors?

What is important while analysing deviations in controlling?

Name the process of designing and maintaining an environment in which individuals working together in groups, efficiently accomplish selected aims.

How are ‘Policies' and 'Procedures' interlinked?

Hina and Harish are typists in a company having the same educational qualifications. Hina gets Rs.3,000 per month and Harish gets Rs.4,000 per month as salaries for the same working hours. Which principle of management is being violated in this case? Name and explain the principle.

What is Economic Safety?

What is formal organisation?

Government of India has permitted to allow oil marketing public sector undertakings to fix their own price for petrol and diesel. Which economic reform is the reason of this government's policy?