Staffing — Business Studies STD 12 Commerce — Question

Define ‘Planning premises’.

Name the concept which relates to forecasting and assessing manpower needs.

Mr Sandhu worked as a manager in a company manufacturing stationery items for 10 years. Later he thought of starting his own business as he acquired the skills and expertise in past years. He started his own venture. He divided the organisation into six major departmentsProduction, Purchase, Marketing, Legal, Human resource and Finance. After a month, he called upon the meeting of all the departmental heads in his office and told the production marketing and finance department managers to be very vigilant as their departments are critical to the success of the business. Shortcomings in Purchase, Personnel or Legal department would not affect much the success of business. Therefore, Mr Sandhu determined deviation tolerance limits for the critical departments.1. Identify the two functions of management referred above.2. Describe the relevant concept of the identified functions.

Rahul is an engineer in Jacob Ltd. He works very hard and it is observed by Production Manager. But he never appreciates the efforts of Mr. Rahul. Name the element of Direction not exercised by production Manager.

What is meant by capital market?

Identify the need in which an employee desires growth and self-fulfilment.
OR
'It refers to the drive to become what one is capable of becoming. Identify the need.

Every manager applies his personal skills and knowledge in the day-to-day functioning of an enterprise. It is proved because.

1. Management is an art.
2. Management is a science.
3. Management is a profession.
4. None of these.

Which type of personnel is recruited by management consultancy firms?

At what step the managerial functions come into the picture?

Why is secondary market considered as market for second hand securities?