Planning — Business Studies STD 12 Commerce — Question

Which technique of scientific management is an extension of the principle of division of work and specialisation to the shop floor?

What is meant by management?

It refers to the use of scientific methods in decision making to resolve management problems rather than depending on rule of thumb or trial and error methods. Name it.

Shalini, after acquiring a degree in Hotel Management and Business Administation took over her family food processing company of manufacturing pickles, jams and squashes. The business was established by her great grandmother and was doing reasonably well. However the fixed operating costs of the business were high and the cash flow position was weak. She wanted to undertake modernisation of the existing business to introduce the latest manufacturing processes and diversify into the market of chocolates and candies. She was very enthusiastic and approached a finance consultant, who told her that approximately ₹ 50 lakh would be required for undertaking the modernization and expansion programme. He also informed her that the stock market was going through a bullish phase.
Keeping the above considerations in mind, name the source of finance Shalini should not choose for financing the modernization and expansion of her food processing business.Give one reason in support of your answer.

A Stock Exchange is a place where financial assets can be converted into cash. It helps in fixing the market value of securities and helps to know the economic growth of any country.(i) State the functions of state exchange refused in above para.(ii) State any other two functions of Stock Exchange.

Mr Bhuvan is the marketing manager of the company manufacturing designer clothes. One day in the morning while leaving home, he had a quarrel with the person in the neighbourhood. That person abused his family and threaten to harm the family. Mr. Bhuvan got very upset and worried. On the same day a meeting was organised in the office to finalise the design according to market demand and taste and fashion of the customers. Mr Bhuvan could not pay attention to the discussion as he was thinking about the quarrel only.(a) Identify the type of barrier to communication mentioned in the above para.(b) State any other two barriers of same category.

State any one characteristic of demonetisation.

Give one example of opportunity and one example of threat offered in Indian economic environment.

Why ‘Induction’ is not required in the internal sources of recruitment?

Give the meaning of 'organising as a process.'