Business Environment — Business Studies STD 12 Commerce — Question

What is interview?

What is meant by 'caveat emptor'?

Hero Ltd.'s target is to produce 10,000 shirts per month at a cost of ₹ 150 per shirt. The Production Manager could achieve this target at a cost of ₹ 160 per shirt. Do you think the Production Manager is 'effective'? Give reason in support of your answer.

Give two examples of external premises.

Rahul, a worker, is given a target of assembling two computers per day. Due to his habit of doing things differently, an idea struck him which would not only reduce the assembling time of computers but would also reduce the cost of production of the computers. Rahul’s supervisor instead of appreciating him, ordered him to complete the work as per the methods and techniques decided earlier as nothing could be changed at that stage.
The above para describes one of the limitation of planning function of management. Name and explain that limitation.

Satnam Singh wons a fruit orchit in Shimla where finest quality of apples are grown. He plans to start 15 juice stations in different localities in Shimla, Chandigarh, Solan, etc., in partnership with his friend Gurpreet Singh. Instead of buying he plans to take shops on rent. He needs money for other inputs.
Identify any explain two factors affecting fixed capital requirement of Satnam's business discussed in above para by quoting the lines.

Write one example of exchange of goods in which buyer is a marketer.

Why consumer protection is important for a businessman? Give any one reason.

“Authority flows upwards but responsibility flows downwards”. Is this statement correct?

Give some examples of perquisites offered to employees.