Planning — Business Studies STD 12 Commerce — Question

Globalisation has integrated Indian economy with world's economy. (True/ False)

'Employee turnover should be minimised to maintain organisational efficiency'. Mention the principle which indicates it.

'It refers to be identification and division of work which has to be done as per the previously determined plans. Identify the step in the process of organising.

Mohan, a manager, very often speaks with people at all levels, passing on instructions regarding his department and also the other departments.
Which principle of management is being overlooked and why? Give one violating effect.

Name the concept which suggests that only significant deviations which go beyond the permissible limit should be brought to the notice of management.

Rohan a sole proprietor was running food catering business in North Delhi. He got great success and profit margin in this business. Due to excess demand in the market he expanded his business and separated departments as purchase, production, finance and marketing. Which type of organisational structure would you suggest him? Enumerate its two benefits.

Give one difference between 'policy and procedure'.

Control should focus on key result areas (KRAs) which are important to the success of an organisation. Which concept is suggested here?

As a part of its comprehensive plan ‘Neerja Ltd.' decided to combine a new line of activity with its existing footwear business.
Identify the type of plan.

What two ways the term supervision can be understood?