Business Environment — Business Studies STD 12 Commerce — Question

State any three characteristics of principles of management.

Rakhi was in hurry. She went to a shop and bought a packet of cream biscuits. On opening the packet, she found that the biscuits were stale and a foul smell was coming In this context, state some of the responsibilities, which she should keep in mind while purchasing the biscuits.

Mrs. Rajlaxmi is working as the Human Resource Consultant in a firm that manufactures cosmetics, which is facing a problem of high employee turnover. The CEO of the company has invited suggestion from her for retaining the talented employees and reducing the employee turnover. Mrs. Rajlaxmi recommends that the good employees be rewarded in a way that it creates a feeling of ownership among the employees and at the same time, makes them contribute towards the growth of the organisation.

1. Identify the incentive and explain its type which has been suggested by Mrs. Rajlaxmi to the CEO of the company.
2. Also explain any two other incentives of the same type.

Define Capital Market. State the two parts of capital market.

Describe, in brief, any four functions of middle level management in an organisation.

‘Science is a systematized body of knowledge that explains certain general truths or the operation of general laws.’ In the light of this statement, describe management a science.

The production manager of an automobiles company asked the foreman to achieve a target of production of 200 units (Scooter) per day. But he did not give him the authority to requisition tools and materials from the stores department. Can the production manager blame the foreman if he is not able to achieve the desired target? Explain the principle related to the situation.

Explain any three factors that affect the working capital requirements of a company.

Differentiate between the concepts of 'packaging' and 'labelling'.

Aakansha, Nikita and Parishma are the owners of a handicraft unit in the urban area of Dibrugarh in Assam, which is involved in the manufacturing and marketing of Sital Pati, traditional mats and Jappi (the traditional headgear). They decided to shift this manufacturing unit to a rural area with an objective of reducing the cost and providing job opportunities to the locals.
They followed the functional structure in this organisation with a view to increasing managerial and operational efficiency.
They assessed and analysed the type and number of employees required, keeping in mind that they had to encourage the women and the people with special needs belonging to the rural area.
State the next three steps that they will have to undertake for obtaining a satisfied workforce for their handicraft unit.