Business Environment — Business Studies STD 12 Commerce — Question

Fixed assets should never be financed through short term sources. Do you agree?

What is the concept of 'Consumer Protection'?

Which concept of marketing suggests that an organisation should earn profit through consumer satisfaction and social welfare?

Who determines the prices of new IPO?

Sia plans to start a play school at a prime location in the city. She offers a partnership proposal to her family friend Jyotika who has done a diploma in human resource management. As Sia understands that human resource management is critical to starting and running the school. The school needs an experienced and dynamic principal. It also needs talented and dedicated teachers and a competent administrative staff. Therefore, after determining the organisational structure of the school she initiates the staffing process with the help of Jyotika to fill in the various job positions as staffing is considered to be an inherent part of human resource management.
In the context of the above case :

1. Outline the concept of human resource management.
2. Why is staffing is considered to be an inherent part of human resource management?

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

Out of training and development which one is wider in scope?

For selling its cars and vans. Maruti Udyog is making used of which channel of distribution?

'It refers to be identification and division of work which has to be done as per the previously determined plans. Identify the step in the process of organising.

Which technique of Taylor insists in paying higher wages to efficient employees?