Organising — Business Studies STD 12 Commerce — Question

Sunder Lai runs a security service providers agency. Considering that psychological testing is a critical step for judging the potential of the prospective candidates for a career in law enforcement, he uses various types of psychological tests as part of the selection processes. This is done to ensure that potential new officers are emotionally and psychologically suited to carry out the requirements of the job.
In context of the above case :

1. Briefly outline any one more type of test that Sunder Lai may use to assess the potential of the prospective candidates.
2. Briefly outline the steps involved in the selection process after conducting the assessment tests.

The workers of 'Vyam Ltd.' are unable to work on new and hi-tech machines imported by the company to fulfil the increased demand. Therefore, the workers are seeking extra guidance from the supervisor. The supervisor is overburdened with the frequent calls of workers. Suggest how the supervisor, by increasing the skills and knowledge of workers, can make them handle their work independently?Also, state any three benefits that the workers will derive by the decision of the supervisor.

Explain in brief the following methods of training.

1. Apprenticeship programmes.
2. Induction training.

Explain how Planning and controlling are both backward looking, as well as forward looking functions.

Explain the following rights of a consumer:

1. Right to choose.
2. Right to be informed.

Two years ago, Madhu completed her degree in food technology. She worked for sometime in a company that manufactured chutneys, pickles and murabbas. She was not happy in the company and decided to have her own organic food processing unit for the same. She set the objectives and the targets and formulated an action plan to achieve the same.
One of her objectives was to earn 10% profit on the amount invested in the first year. It was decided that raw materials like fruits, vegetables, spices, etc. will be purchased on three months credit from farmers cultivating only organic crops. She also decided to follow the steps required for marketing of the products through her own outlets. She appointed Mohan as the Production Manager who decided the exact manner in which the production activities were to be carried out. Mohan also prepared a statement showing the number of workers that will be required in the factory throughout the year. Madhu informed Mohan about her area wise sales target for different products for the forthcoming quarter. While working on the production table, a penalty of ? 100 per day for not wearing caps, gloves and apron was announced.
Quoting lines from the above paragraph, identify and explain the different types of plans discussed.

How does controlling help in efficient use of resources and how does it facilitate decision-making? Explain.

The Employees of Manik Ltd., a software company, have formed a dramatic group for their recreation. Name the type of organisation so formed and state its three features.

Explain 'Method' and 'Rule' as types of plans.

Give the meaning of ‘Investment’ and ‘Financing’ decisions of financial management.