Financial Management — Business Studies STD 12 Commerce — Question

Standards can be set in both quantitative as well as qualitative terms. Show through examples.

Define non-financial incentives.

Which two steps in the process of controlling are concerned with compelling events to confirm to plan?

A company has its own recruitment policy to fill the vacant posts with suitable employee.(i) Top most positions are being filled by contacting specialised agencies so as to attract the most capable work force competitive organisation.(ii) To foster the spirit of loyalty and motivate the employees the middle level positions are filled from within the organisation.(a) Identify the sources of recruitment referred above?(b) Also give any one method of each source.

________ refers to complete the job in the cost effective manner.

Bhagwati Enterprises is a company engaged in the marketing of air conditioners of a famous brand. The company has a functional structure with four main functions; purchases, sales, finance and staffing. As the demand for the product grew, the company decided to recruit more employees. Identify the concept which will help the Human Resource Manager to find out the number and type of personnel available so that he could decide and recruit the required number of persons for each department.

Who can file a complaint under the Consumer Protection Act, 1986?

Name the source of recruitment in which newspaper, employment exchange, T.V., etc. are used.

What is meant by Product Mix?

How does controlling ensure order and discipline?