Organising — Business Studies STD 12 Commerce — Question

State whether the following statement are true or false.A complaint can to be made to a District Forum when the value of the goods or services in question, along with the compensation claimed, exceeds Rs. 20 lakhs.

The working capital requirements of a company is affected by inflation. (True/ False)

Management principles can be formed overnight.

Consumer Protection Act is beneficial only for consumer; it is a penalty for businessmen.(True/False)

If a company follows labour intensive technique in production, they will go for less requirement of fixed capital.

A network of social and friendly interaction create informal organisation.

A leader plays a key role in introducing required changes in the organisation. (True/ False)

Planning is futuristic. (True/ False)

'Motion study' helps in improving the efficiency of workers. (True/ False)

'Status' is one of the semantic barriers of communication in an organisation.(True/ False)