Planning — Business Studies STD 12 Commerce — Question

How would you characterise business environment? Explain, with examples, the difference between general and specific environment.

HCL Technologies is one of the leading information technology outsourcing services providers in India. The company provides business consultancy and outsourcing services to its clients. Over the past five years, the company has been paying dividends at high rate to its shareholders. However, this year, although the earnings of the company are high, its liquidity position is not so good. Moreover, the company plans to undertake new ventures in order to expand its business.

1. State any three reasons because of which you think HCL Technologies has been paying dividends at high rate to its shareholders over the past five years.
2. Comment upon the likely dividend policy of the company this year by stating any two reasons in support of your answer.

Ayasha Ltd. assured their employees that inspite of recession, no worker will be retrenched from the job.

1. Name and explain the type of incentive offered to the employees.
2. Explain one more incentive of the same category.

State the merits of internal sources of recruitment.

Explain any five principles of Scientific Management.

Aman a degree holder in Entrepreneurship came to know about Piplantri Village located in Rajasthan, where in 2006 an initiative was started, in which 111 trees are planted every time a girl child is born.
To keep termites away from the trees the villagers have planted 2.5 million Aloe Vera plants around the trees. This has turned the village into an oasis, as the planting of trees led to higher water levels.
Aman decided to visit the village to start a business unit, for the processing and marketing of Aloe Vera into juices, gels and other products.
However, on visiting the village Aman found that the villagers were suffering exploitation at the hands of local merchants who were engaged in unscrupulous, exploitative trade practices like hoarding and black marketing of food products and also selling unsafe, adulterated products to the villagers.
After looking at their plight instead of a business organisation he decided to set up an organisation for the protection and promotion of the consumer interest of the villagers.
State the functions that the organisation established by Aman will be performing. (Any six points.)

Explain any four factors to be considered before taking a decision of a particular medium of advertising.

Principles of Taylor and Fayol are mutually complementary. One believed that the management should share the gains with the workers, while other suggested that employees compensation should depend on the earning capacity of the company and should give them a reasonable standard of living. Identify and explain the principles of Fayol and Taylor referred to in the above para.

What are the steps taken by management in the planning process?

What is Laissez-faire Leadership Style? Explain any four characteristics of it.