Organising — Business Studies STD 12 Commerce — Question

Name the term/process under which reduction in tax rates and lifting of unnecessary control over the economy was undertaken.

In which situation the need of taking corrective action arises?

Functional structure is suitable for those business enterprises in which large variety of products are manufactured using different productive resources. (True/ False)

‘Nothing is permanent in management.’ Give an example.

Telco Ltd. manufactures files and folders from old clothes to discourage the use of plastic files and folders. For this, they employ people from nearby villages where very less job opportunities are available. An employee, Harish, designed a plan for cost reduction but it was not welcomed by the production manager. Another employee gave some suggestions for improvements in design, but it also was not appreciated by the production manager.

1. State the principle of management that is violated in the above paragraph.
2. Identify any two values that the company wants to communicate to the society.

Why is it said that recruitment is a positive step in the process of staffing?

What role does social environment play in the business?

What is Labelling?

A manager enhances the production target from 500units to 700units per month but the authority to draw raw material was not given by him. The production manager could not achieve the revised production target. Who is responsible and which principle was violated?

What function does financial market perform?