Directing — Business Studies STD 12 Commerce — Question

State any four advantages of formal organisation.

Explain any three methods of ‘On-the-Job Training’.

Hritik is desirous of setting up a small factory to manufacture different kinds of eco-friendly packaging materials. He proposes to adopt a logical approach to his business rather than hit and trial method as he knows that this can result in tremendous saving of human energy as well as wastage of time and materials. He plans to adopt paternalistic style of management in practice in order to avoid any kind of class-conflict that may emerge between him and the workers. Moreover, he plans to seek the opinion of his workers before taking any important decisions and also offers incentives to them for providing valuable suggestions for the business.
In context of the above case :

1. Identify and explain the various principle of scientific management that Hritik plans to apply in his business.
2. List any two values that he wants to communicate to the society by offering eco¬friendly packaging material.

Distinguish between leaders and managers.

State the merits and demerits of issuing equity shares for the company.

Explain the following rights of a consumer as provided under Consumers Protection Act,1986:

1. Right to Safety.
2. Right to be Heard.

Identify and explain the promotional tool of marketing mix, which involves oral presentation of message with one or more prospective customers for the purpose of making sales. Also, explain any three benefits of this tool in the economic progress of the society.

You are a financial expert and your company starts a business of manufacturing baby toys. Suggest the working capital requirement and phases of operating cycle.

Write a short note on different types of employment tests.

Explain any four points of importance of ‘Organising’.