Financial Management — Business Studies STD 12 Commerce — Question

Length of production cycle affects the working capital requirements of an organisation. Explain, how?

If a manager is able to achieve the target of production of 5000 units but at a higher cost. Is he efficient or effective?

What is meant by 'follow-up action' as the step involved in the planning process?

Which function of management ensures that actual activities confirm to planned activities?

Jupiter Ltd. is one of the largest two-wheeler manufacturer in India. It has a market share of about 42% in the two-wheeler category. The company had witnessed almost a 35% drop in the booking as the currency crunch was prompting people to withhold new purchases due to demonetisation. Therefore, the production manager of the company had decided to align production to factor in slower sales in the market.
Identify and explain the function of management being discussed in the above lines.

What is the pre-requisite of selection?

What is the role of human resource management in achieving the organisational goals?

Determine the right sequence of selection and recruitment in the staffing process.

Give any two points of the features of Art.