Nature and Significance of Management — Business Studies STD 12 Commerce — Question

Raghav works as a banquet manager in a hotel. He feels highly motivated at his job because the work that is assigned to him frequently involves variety of challenges. He is given more autonomy and responsibility and provided with ample opportunities for personal growth and a meaningful work experience. Identify the type of non-financial incentive being offered to Raghav.

Vaibhav Garments Ltd/s target is to produce 10,000 shirts per month at a cost of ?150 per shirt. The production manager could achieve this target at the cost of ?160 per shirt. Do you think the production manager is effective? Give reasons for your answer.

What does a high Debt Service Coverage Ratio indicate?

India’s retail sector has been undergoing structural changes for the last two decades. On one hand, the ‘mall culture’ has gradually become a way of life, especially in the metros and mini¬metros. On the other hand, there is accelerated growth in e-business as customers also prefer to buy products and services via the Internet, telephone and television. However, operating in either of the segments is marked by the presence of strong competitors.
Identify the components of specific forces and general forces being discussed in the above paragraph.

What is meant by 'caveat venditor'?

What role does social environment play in the business?

Workers are always unwilling to takeup any kind of work in Alpha Studios. Due to rise in demand, the firm wants them to co-operate to meet pending orders. Suggest which element of directing is suitable for this situation.

Following a pre-decided plan, when circumstances have changed, may not turn out to be in the organisations interest. Which limitation of planning is indicated here?

Enumerate two benefits of training to the organisation.

State whether the principle of Scalar Chain is followed in informal organisation or not?