Business Environment — Business Studies STD 12 Commerce — Question

Which system enables a manager to verify whether the standards set are accurate and objective?

State the principle of ‘Order'.

‘Management is uniformly needed at all places.’ Explain.

For the last three years, Elpis Technology Solutions p(Ltd.) is not functioning smoothly and systematically. The relations between management and employees are becoming bitter day by day. After a complete analysis, it was observed that employees are not working effectively and efficiently and management is not fulfìlling its commitment of increments and promotions,

(1) Which management principle is being ignored in the given case ?
(2) Can the problem be solved if only management becomes serious in fulfilling its promises? What should be the appropriate course of action to achieve smooth and systematic functioning of Mahagun Industries ?

Name the type of plan which specifies the steps to carryout different activities in a chronological order.

Alliance Ltd. is engaged in manufacturing plastic buckets. The objective of the company is to manufacture 100 buckets a day. To achieve this, the efforts of all departments are coordinated and interlinked, and authority responsibility relationship is established among various job positions. There is clarity on who is to report to whom.
Name the function of management discussed above.

Identify the functions of the management:

1. Motivating employees and giving instructions to them to perform the tasks assigned to them.
2. Recruitment and selection of the personnel.
3. Finding out deficiencies in implementation of plans.
4. Preparing a blueprint for future.
5. Process of defining and grouping activity of an enterprise to establish authority relationship.

Why is working capital needed? Give one reason.

''Cost of debt is lower than the cost of equity Share capital''. Give reason why even then a company cannot work only with debt.

What is meant by 'Functional structure of an organisation?