Business Environment — Business Studies STD 12 Commerce — Question

Explain the importance of interview in the selection process.

An organisation provides security services. It requires such candidates who are reliable and don't leak out the secret of their clients. What steps should be incorporated in selection process? State next two steps of selection process.

What is critical point control?
OR
Mr. Saurabh kumar is a production manager in a big manufacturing company. He found that refreshment expenses have increased by 15% and cost of production has increased by 5%. Out of the two deviations, which deviation needs immediate attention?

'Planning provides the basis for all other functions of management'. Comment.
OR
Why is planning called the primary function of management?

OR
What do you mean by 'primacy' of planning?

How is control related with planning?

"External sources of recruitment are considered better than internal sources". Give any three reasons in support of this statement.

How are low long-term rates beneficial to enterprises?

Josh Ltd. is a 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.
In context of the above case :

1. Identify and explain the function of management being discussed in the above lines.
2. Which limitations of the function of management as identified in part (a) of the question was the production manager trying to overcome due to demonetisation ?

Srija runs an NGO under the name ‘Sarthak’ in Delhi. The organisation is engaged in offering waste paper recycling services to all kinds of institutions in the Delhi NCR region. It also manufactures custom made paper stationery out of recycled paper on order for the interested institutions at a very competitive price. The website of ‘Sarthak’ provides a link to a Careers site wherein the people desirous of joining the NGO can use simple Job Search to find the right opportunity for themselves. The NGO also keeps a database of unsolicited applicants in its office so that job seekers may be notified of future opportunities when they arise.
In context of the above case :

1. Identify the two sources of external recruitment being used by the NGO ‘Sarthak’ by quoting lines from the paragraph.
2. List any two values that Srija wants to communicate to the society.

Describe the meaning of "replacement of rule of thumb with science."