Staffing — Business Studies STD 12 Commerce — Question

What is included in "Technological Environment of Business?

In one of the principles of scientific management, Taylor emphasises that there should be equal division of work and responsibility between workers and management and management should work almost side by side with workers helping them. Identify the principle.

Name the organisation which has the advantage of ‘Effective Communication’.

Explain how planning facilitates decision-making?

What is meant by motivation?

Sagar purchases goods on 2 month credit and sells the goods on 3 months credit. How much working capital is needed?

Give two examples of semantic barriers.

Name the ministry which introduced eco mark.

Saurabh decided to start a chocolates manufacturing business. He set the target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of the business, which was uncertain. He gathered information that the demand for chocolates is increasing day-by-day. He used this information as the base for future planning and shared it with his team. On the basis of the gathered information, he scheduled a meeting in the following week to find innovative ways to achieve the objectives.
List the first two steps, which have been followed by Saurabh that are related to the process of one of the functions of management.

In a company, different departments are formed for looking after production, sales, marketing and finance. Identify the principle of management applicable here.