Financial Management — Business Studies STD 12 Commerce — Question

What do you mean by External Sources of Recruitment?

Match the following networks of informal communication network with the feature that best describes them.

S. No.	Colum I	S. No.	Colum II
1.	Single strand network	(i)	One person simultaneously communicates with all
2.	Gossip network	(ii)	Trust
3.	Probability network	(iii)	Sequential communication
4.	Cluster network	(iv)	Random

What is meant by 'Business Environment'?

Blue Heavens Ltd. purchased a new hi-tech machine from Germany for manufacturing high quality auto components in a cost effective manner. But during the production process, the manager observed that the quality of production was not as per standard. On investigation it was found that there was lack of knowledge amongst the employees of using these hi-tech machines. So, frequent visit of engineers was required from Germany. This resulted in high overhead charges. Suggest what can be done to develop the skills and abilities of employees for producing high quality products by using these hi-tech machines. Also state how the employees or the organization will benefit from your suggestion.

Name the need in which employee desires affection, companionship and friendliness.

Coordination and cooperation are required together in an organisation. (True/ False)

State how ‘Self-regulation by business’ acts as a means of Consumer Protection.

‘In an organisation employees are happy and satisfied, there is no chaos, and the effect of management is noticeable'. Which characteristic of management is high lighted by this statement?

Define the term “physical distribution".

State the objective of financial management.