Business Environment — Business Studies STD 12 Commerce — Question

What are financial incentives?

Why ‘Induction’ is not required in the internal sources of recruitment?

Which principle of Fayol cannot be applied when organisation is following technique of functional foremanship?

Assigning duties, grouping tasks establishing authority and allocating resources is one of the functions of management. Name that functions.

Define ‘objectives' as types of plans.

Differentiate between formal and informal organisation on the basis of ‘authority’.

Mention, when as a consumer, you are not in a position to resolve your grievances under Consumer Protection Act.

The term demonetisation has become a household name since the government pulled the old Rs. 500 and Rs. 1,000 notes out of circulation in November 2016. Prior to the year 2016, the Indian government had demonetised bank notes on two prior occasions—once in the year 1946 and then again in the year 1978. In both cases, the purpose was to combat tax evasion by ‘black money’. Identify the types of one of the functions of management being discussed in the above lines.

Anything that is of value to the other can be marketed. List what all can be marketed?

Managerial activities are performed in all types of organisations in all departments and at all levels. Which management character is highlighted here?