Controlling — Business Studies STD 12 Commerce — Question

What is financial risk?

'Tricom Ltd.' a computer hardware manufacturing company imported a new machinery for manufacturing latest technology based computer systems. The human resource manager determined that for operating the new machines, the company required the necessary workers through placement agency.After 3 months, it was reported by the production manager that the workers were not able to meet the target production. The General Manager got annoyed and ordered inquiry for the same. It was reported that the newly recruited workers possessed the necessary skills and abilities but lacked the willingness to do work.(i) Name the functions of management involved above.(ii) Name the relevant concept of functions identified in (i).(iii) Which concept of management will help the company in meeting the target production?

What is staffing?

What role does legal environment play in the business?

Briefly explain how delegation of authority facilitates organisation growth.

To see whether plans are being implemented and activities are being performed according to schedule’, is a step of planning process. Identify the step.

What is Debt Service Coverage Ratio?

Business environment includes both ‘specific and general forces.’ List any four specific forces.

Planning strangulates the initiative of the employees and compels them to work in an inflexible manner. What does it mean?

Give one feature of formal organisation.