Principles of Management — Business Studies STD 12 Commerce — Question

What is the pre-requisite of selection?

‘Difficulty in inter-departmental coordination’ is one of the limitations of which organisation structure?

A company needs a detailed plan for its new project-construction of shopping mall. What type of plan is it?

Technological environment includes new approaches in producing, selling goods and services, new procedures as well as new equipment. Mention any one example to support it.

What is Debt Service Coverage Ratio?

Post demonitisation in a further push to cashless economy, the Central cabinet has recently approved the ordinance for paying wages via electronic means. Accordingly, the government approved to Amend Section 6 of the Payment Of Wages Act 1936, to allow employers of certain industries to make payment through the electronic mode and cheques . The new ordinance will be applicable to the public sector. Identify the various dimensions of business environment which relate to the above mentioned case.

Business environment keeps on changing whether in terms of technological improvement, shifts in consumer preferences, etc. Which feature of business environment is highlighted here?

What is meant by ‘Responsibility to’?

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.

Define business environment.