Planning — Business Studies STD 12 Commerce — Question

What does truly globalised economy signify?

Does control help in ‘judging the accuracy of standards’ and ‘improving motivation of the employees’? Explain.

What purpose does performance appraisal serve?

Distinguish between ‘monetary’ and ‘non-monetary’ incentives.

State the objective of financial management.

Decision making is the core of planning. Explain.

Explain the role of 'Operating Efficiency' in determining the amount of working capital.

Distinguish between Formal and Informal organisations (give any three points).

SEBI recently called for information and issued a show cause notice to NSE and its 14 officials seeking explanation on the Preferential Access allegations at the Exchange's Co-location facility. State the function that SEBI performed by doing so.

Upasana works as a plant superintendent in a carpet making factory. In order to complete the export orders on time, the production manager asks her to make the workers work over time whereas the finance manager is strictly against this practice because it will increase the cost of production. Moreover, Upasana feels that since the company is manufacturing handmade carpets as well as machine made carpets, there is a lot of overlapping of activities. Therefore, there should be two separate divisions for both of them wherein each division should have its own incharge, plans and execution resources.

1. Identify the principle of management which is being violated.
2. Also identify the principle of management that Upasana feels should be implemented in the factory.