Organising — Business Studies STD 12 Commerce — Question

Under what circumstances would functional structure prove to be an appropriate choice?

How are policy and strategy connected with each other?

State commission redresses the grievances of what amount?

"These plans are formulated at top level, defines the future decisions regarding the organisations direction and scope in the long-run'. Identify the type of plan and discuss it briefly.

Give two examples of Retirement Benefits.

Super Fine Rice Ltd. has the largest share of 55% in the market. The company’s policy is to sell only for cash. In 2015, for the first time company’s number one position in the industry has been threatened because other companies started selling rice on credit* also. But the managers of Super Fine Rice Ltd. continued to rely on it’s previously tried and tested successful plans which didn”t work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating two limitations of planning which led to decline in it sales. Identify these limitations.

Name the level of management at which the managers are responsible for implementing and controlling the plans and strategies of the organisation.

List two examples of change in social environment which affect business organisation.

Ayesha Ltd. assured their employees that in spite of recession no worker will be retrenched from the job.(i) Name and explain the type of incentive offered to the employees.(ii) Explain one more incentive of the same category.

State the principle of Fayol which suggests that communication from top to bottom should follow the official lines of command.