Planning — Business Studies STD 12 Commerce — Question

"These plans are formulated at top level, defines the future decisions regarding the organisations direction and scope in the long-run'. Identify the type of plan and discuss it briefly.

Differentiate between formal and informal organisation on the basis of ‘authority’.

Bhuvan Ltd. is a garment manufacturing company. The company regularly scans business environment and constantly adapts itself to the changes in environment. With all these efforts also it became difficult for company to foresee future trends. Competition in the market effects the financial plan of the company, sales targets have to be revised which in turn effect the cash budget.(i) Name and explain the limitation of planning highlighted in the above para.(ii) Identify the two types of plans mentioned in above para.

What information we get through workload analysis?

Give one example of psychological barrier.

Taylor believed that there was only one best method to maximise efficiency. This method can be developed through study and analysis. Which principle is indicated by Taylor?

Name the source of recruitment which stops the entry of young blood.

Name any two features of planning.

What is business finance?

How is development of personnel possible through better organising?