Business Environment — Business Studies STD 12 Commerce — Question

Mohit filed a case against ‘Domestic Coolings Ltd.’ in the ‘District Forum,’ but he was not satisfied with the orders of the District Forum.
Where can he appeal further against the decisions of District Forum?

What is meant by 'caveat emptor'?

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.

What is meant by ‘Decentralization’?

Technology is improving day-by-day. Which feature of business environment is highlighted in the given statement?

Haldiram is selling fast food to the customers. Write the name of channel of distribution used by the company.

In the staff meeting the principal of the school raised objection that teachers start the teaching after 5 to 10 minutes in third floor classes. He warned them as students are complaining about this. The teachers explained the principal that when we climb steps from ground to third floor. We get some tiredness and need 5 to 10 minutes rest before starting the lecture. The principal planned to install a lift in school so that teachers do not waste their energy on wasteful activity of climbing steps.1. State the techniques of scientific management used by principal.2. State any other technique of scientific management.

In controlling process, standards were set according to the efficiency of the average employee. Which value has been kept in mind while setting the standards?

Controlling is forward looking? How can this be ensured?

Give any one benefit of informal organisation.