Financial Management — Business Studies STD 12 Commerce — Question

In a company, employees achieved quantitative standard but could not attain qualitative standards. Which values have been ignored here?

A recent rate cut in the interest on loans announced by the banks encouraged Amit, a science student of Progressive School, to take a loan from State Bank of India to experiment and develop cars to be powered by fuel produced from garbage. He developed such a car and
exhibited it in the Science Fair organised by the Directorate of Education. He was awarded the first prize for his invention.
Identify and explain the dimensions of business environment discussed in the above case.

Rajat, the production manager of Auto India Ltd, passes on instructions regarding his departments freely and indiscriminately. Which management principle is violated here?

"A newly appointed personnel manager is of the view that there is no need for training the workers." Do you agree with his views? Give reasons to support your answer.

State one limitation of centralised organisation.

'Informal organisation may become a disruptive force when it spreads rumours'. In the light of this statement, briefly discuss any two limitations of informal organisation.

What do you mean by 'market activities'?

State any two steps of the process of delegation of authority.

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

Name the theory which is associated with both FW Taylor and Henry Fayol.