Business Environment — Business Studies STD 12 Commerce — Question

State any four functions of ‘Secondary- Market’.

Rishitosh Mukerjee has recently joined AMV Ltd, a company manufacturing refrigerators. He found that his department was under-staffed and other departments were not cooperating with his department for smooth functioning of the organisation. Therefore, he ensured that his department has the required number of employees and its cooperation with other departments is improved.

1. Identify the level at which Rishitosh Mukerjee was working.
2. Also, state three more functions required to be performed by Rishitosh Mukerjee at this level.

"Planning is an important function of management". State any four reasons.

Explain the Cooperation, Not Individualism principle of scientific management?

Write main standards to be used in various functional areas.

Explain the following rights of the consumers:

1. Right to safety.
2. Right to choose.

Give the meaning of ‘Budget’ and ‘Strategy’ as types of plans.

Arush joins as a sales manager of a company dealing in naturotherapy products. Being proficient in his work, he knew that without good planning he will not be able to organise, direct, control or perform any of the other managerial functions efficiently and effectively. Only on the basis of sales forecasting, he would assist in the preparation of the annual plans for its production and sales. Besides, he will have to prepare sales plans regularly on weekly, monthly, quarterly and half yearly basis. While preparing the sales forecasts, he undertakes intellectual thinking involving foresight, visualization and issued judgement rather than wishful thinking or guess work. Most importantly, all these planning activities will be meaningful only if they will coincide with the purpose fob which the business is being carried out.
In context of the above case, identify the various features of planning highlighted in the above paragraph by quoting lines from it.

Explain any four factors which affect the ‘Fixed Capital’ requirements of a company.

Explain any four points of importance of principles of management.