Principles of Management — Business Studies STD 12 Commerce — Question

Name the process of searching for prospective employees and stimulating them to apply for jobs in the organisation.

XYZ Ltd. is a manufacturing company in Gurgaon. Its target production is 2,00,000 units per year. Due to high labour turnover in this company and in order to achieve this target, the manager has to hire part time labour on and off throughout the year which not only results in wastage of materials but also increases labour and material cost. However, the manager is able to meet the target production. Is the manager effective and efficient? Give reason in support of your answer.

Why is it said that 'Business Environment' is a 'Relative Concept'?

Identify the method of sales-promotion in the following cases:
A company offers 40% of extra shaving cream in a pack of 500gms.

The arrangement to demonetise the ? 500 and ?1000 bank notes began six to ten months prior to the public announcement and was kept highly confidential. The cabinet was informed about the demonetisation on 8th November 2016 in a meeting called by the Prime Minister of India, Narendra Modi. This was followed by Modi’s public announcement about the demonetisation in a televised address where he announced that currency notes with the denomination of ? 500 and ? 1000 would cease to be the legal tender from 9th of November 2016. The most interesting thing regarding the demonetisation is that people were devising various unique ways for transforming their black money in to white one by depositing money in the accounts of their poor relatives and friends, converting black money in to gold, paying a few months salaries in advance and so on.
In context of the above case :
Identify and explain the types of plans being discussed in the above lines with regard to demonetisation.

Mention three forms of indirect channels.

Which Act provides relief to the buyers of goods in case the goods purchased do not comply with expressed condition?

Vikas has completed his C.A. by clearing a specified examination by the Institute of Chartered Accountant of India. No body can become a C.A. without this step. He is working as finance manager in Kajaria Ltd. which is involved in manufacturing of tiles. There are other Chartered Accountants, too, in the company but Vikas has the reputation of creative application of existing theoretical knowledge which he has gained during his education. He integrates the activities of finance department with production and sales department due to which performance of the company is geting better day-by-day.

1. Mention the characteristic of profession discussed above.
2. At which level of management Vikas is working in the company?
3. Which nature of management is mentioned above?
4. Name the concept of management which Vikas is performing by integrating the activities of his department with other departments. Give one importance of this concept.

What is meant by 'caveat emptor'?

Name the financial decision which affects the liquidity as well as profitability of a business.