Staffing — Business Studies STD 12 Commerce — Question

Differentiate between formal and informal organisations on the basis of:

1. Origin.
2. Authority.
3. Flow of communication.

"Money market is essentially a market for short-term funds". In the light of this statement, state any three features of money market.

Staffing is an integral part of management process. In the light of this statement, state some of its features.

Nishant, the director of a garment company, is planning to manufacture bags for the utilisation of waste material from one of his garment units. He has decided that this manufacturing unit will be set-up in a rural area of Orissa where people have very few job opportunities and labour is available at very low rates. He also thought of giving equal opportunities to men and women.
For this, he wanted four different heads for sales, account, purchase and production. He gave an advertisement and shortlists ten candidates per post after conducting different selection tests.

• Identify and state the next three steps for choosing the best candidate out of the candidates short-listed.
• Also identify two values which Nishant wants to communicate to the society by setting up this manufacturing unit.

Aman Chadha started ‘Bulls Eye’ a company for providing cyber security solutions to businesses. Its objective is to prevent, detect and respond to cyber attacks and protect critical data. He was a hardworking software engineer and an expert in cyber security. His reputation grew by leaps and bounds as he was not only a person of integrity but also did his work with utmost honesty and sincerity. The business started growing day by day.
He was delighted when he was offered a big project by the Ministry of Defence. While working on the project, he found that the volume of work made it impractical for him to handle all the work by himself. He decided to expand the team. The company maintained a close liaison with a local engineering college. During a campus placement, Ishan and Vrinda were appointed to work for the new project.
He found the new employees capable, enthusiastic and trustworthy. Aman Chadha was thus, able to focus on objectives and with the help of Ishan and Vrinda, the project was completed on time. Not only this Aman Chadha was also able to extend his area of operations. On the other hand Ishan and Vrinda also got opportunities to develop and exercise initiative.

1. Identify and briefly explain the concept used by Aman Chadha in the above case which helped him in focusing on objectives.
2. Also, state any four points of importance of the concept identified in (i) above.

"Share Capital is better than debt capital." In the favour of this statement explain one factor which affects the capital structure.

‘Coordination is the essence of management.’ Clarify this point of view of modern management experts.

Distinguish between unity of command and unity of direction.

Answer the following question.What are the objectives of NSE?

Explain any two functions of 'marketing'.