Business Environment — Business Studies STD 12 Commerce — Question

Why is it said that directing takes place wherever superior-subordinate relationship exists?

Identify the source through which unskilled and semi-skilled labours are recruited.

________ refers to complete the job in the cost effective manner.

Business environment enables the firm to identify opportunities and getting the first mover advantage. Justify it with an example.

Name the process of designing and maintaining an environment in which individuals working together in groups, efficiently accomplish selected aims.

Coordination is a continuous process. (True/ False)

What is Laissez-faire Leadership Style?

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.

A leading leather manufacturing company is using banned animal skin to make huge profit. Name the marketing concept which is ignored here.

The management and workers have entered into an agreement that workers will do overtime to cover up losses of the company. In return the manager will increase the wages but management later refused to increase the wages.Name the principle related to above situation.