Organising — Business Studies STD 12 Commerce — Question

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

Explain how planning facilitates decision-making?

Sirajuddin purchased a car for ₹ 15 lakhs from an automobile company and found that its airbags were defective. After many complaints with the company that went unheard, he filed a case in the District Forum. He was not satisfied with the orders of the District Forum. He then appealed before the State Commission and on being dissatisfied with the orders of State Commission, he appealed before the National Commission. Sirajuddin was not satisfied with the orders of National Commission.Suggest him the highest authority where he could appeal against the decision of the National Commission.

Radhika and Vani who are young fashion designers left their job with a famous fashion designer chain to set-up a company fashionable Pvt. Ltd.' They decided to run a boutique during the day and coaching classes for entrance examination of National Institute of Fashion Designing in the evening. For the coaching Center, they hired the first floor of a nearby building. Their major expense was money spent on photocopying of notes for their students. They thought of buying a photocopier knowing fully that their scale of operations was not sufficient to make full use of the photocopier.

In the basement of the building of 'Fashionate Pvt. Ltd.' Praveen and Ramesh were carrying on a printing and stationery business in the name of ‘Neo Prints Pvt. Ltd.' Radhika approached Praveen with the proposal to buy a photocopier jointly which could be used by both of them without making separate investment, Praveen agreed to this.

Identify the factor affecting fixed capital requirements of 'Fashionate Pvt. Ltd.'

Levis jeans hires workers for stitching in their factory. Target of stitching 100 jeans per week is given to the workers. Rate per piece is fixed at ₹ 50. But to motivate the workers, it announced that workers, stitching more than 100 jeans per week will get the rate of ₹ 55 per piece on all the jeans which they had stitched and deposited with the line managers. Parvej had a fast speed in comparision to others. By giving one hour extra, he stitched 120 pieces of jeans. So, he got 120 jeans @ ₹ 55 per piece, i.e., ₹ 6,600 in that particular week whereas his colleague Mushtaq stitched only 90 pieces and he got 90 pieces @ ₹ 50, i.e., ₹ 4,500 only.
Name the technique of management which is applied here to motivate the workers.

"The directors of XYZ Ltd are of the opinion that all decisions and plans are to be framed by them, and therefore, no planning is required at lower levels of management'. Refute this statement.
OR
How is planning a pervasive function? State.

Define ‘Personal Selling’.

List any two example of business environment.

If companies have easy access to the capital market, what decision regarding paying dividends should be taken?

Give the meaning of ‘Policy’ as a type of plan.