Planning — Business Studies STD 12 Commerce — Question

What is Economic Safety?

Explain any five negative impacts of liberalisation and globalisation on business and industry in India.

Nature of business also affects the requirement of fixed capital. Give one example to support it.

'Sehaj bought Teak wood furniture for his drawing room from "Akshay Decors" of Kirti Nagar, Delhi for ₹ 4 lakhs. At the time of purchase the firm assured Sehaj about the best quality of the said furniture and gave 2 years warranty stating that if anything goes wrong, the firm shall replace it with a new one or refund the purchase amount. But the dining table and chairs started developing cracks at various places and the polish' became very dull within 30 days of purchase. Sehaj reported the matters to the firm and requested a number of times to replace the furniture. The firm neither paid attention to these requests nor replaced the furniture.(i) Identify the consumer rights which have been violated by the furniture manufacturer.(ii) Where can Sehaj lodge complaint for this?

Which feature of planning is stressed by saying that planning is an intellectual activity of thinking rather than doing?

Why have management principles gained importance these days?

The Anti-Terrorist Squad (ATS) requires such employees who are highly reliable and do not leak out secrets. State two steps, which should be incorporated by them in the selection process, in order to get such reliable candidates.

Srijan is working as a sales manager in a publishing house. In order the promote the new series of encyclopaedias, the company decides to undertake door to door selling in the city. As the sales manager, Srijan is given the target of selling 5000 units in one month. He appoints a team of five salesmen for the purpose. Each salesman is given the target of selling 1000 units. At the end of the month only 4800 units are sold as one of the salesman, Bobby, falls ill during the last week and is able to sell only 800 units.
In the context of the above case :
Will Srijan be still accountable for the performance of the assigned tasks to Bobby? Why or why not? Give a suitable reason to support your answer.

What is meant by directing?

State two factors affecting financing decisions.