Planning — Business Studies STD 12 Commerce — Question

The term demonetisation has become a household name since the government pulled the old Rs. 500 and Rs. 1,000 notes out of circulation in November 2016. Prior to the year 2016, the Indian government had demonetised bank notes on two prior occasions—once in the year 1946 and then again in the year 1978. In both cases, the purpose was to combat tax evasion by ‘black money’. Identify the types of one of the functions of management being discussed in the above lines.

Which quality enables the leader to grab opportunities?
OR
A good leader does not wait for opportunities but creates them'. Which quality of a good leader is highlighted by this statement?

Which limitation of planning suggests that the employees stop thinking and become the blind followers of plan?

‘Exchange is the essence of marketing’. Comment.

How is Taylor's concern different from Fayol's?

State one advantage of formal organisation.

Which element/ dimension of business environment involves improvements and innovations which provide new ways of producing goods and services and new methods and techniques of operating a business?

Hero 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 a cost of’ 160 per shirt. Do you think the production manager is effective? Give reason in support of your answer.

Ritu wants to buy a gold ring. As an aware consumer how can she be sure about the quality of gold ring she is going to buy?

State Commission redresses the grievances of what amount?