Organising — Business Studies STD 12 Commerce — Question

Answer the following question.Distinguish between Capital Market and Money Market.

‘Taylor’s principles of scientific management and Fayol’s principle of management are mutually complementary.’ Do you agree with this view? Give any four reasons in support of your answer.

‘Organizing involves a series of steps in order to achieve the desired goals.’ Explain these steps.

Discuss the relevance of Taylor and Fayol’s contribution in the contemporary business environment.

Highlight the management response to changes in business environment.

Mention the various dimensions of business environment.

Discuss Maslow’s Need-Hierarchy theory of motivation.

Explain the concept of ‘Functional Structure’. Also, explain any four disadvantages of functional structure.

What is meant by "Divisional structure" of an organisation? For which type of business enterprise is this structure most suitable? State any four advantages of this form of organisational structure.

Nishant, the director of a garment company, is planning to manufacture bags for the utilization of waste material from one of his garments unit. He has decided that his manufacturing unit will set-up in a rural area of Odisha where people have very few job opportunities and labour is available at very low rates. He also thought of giving equal opportunities to men and women. For this, he wanted four different heads for sales, accounts, purchase, and production. He gave an advertisement and shortlisted ten candidates per post after conducting different selection tests.
a. Identify and state the next three steps for choosing the best candidate out of the shortlisted candidates.
b. Also, identify two values that Nishant wants to communicate to society by setting up this manufacturing unit.