Planning — Business Studies STD 12 Commerce — Question

What is meant by ‘recruitment’ and ‘selection’ of employees in the process of staffing?

"Money market is essentially a market for short-term funds". In the light of this statement, state any three features of money market.

Give any two features of management principles.

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

Differentiate between 'Policy' and 'Rule' as types of plans.

State three characteristics of supervision.

State any three points of importance of planning function of management.

Indian equity markets are going through a phase of boom. There is a huge growth potential for innovative technologies. This has resulted in lots of new ventures vying for a market share and old enterprises trying to keep up with the pace with which changes are taking place in the economy. This technological innovation has helped even smaller businesses to compete on a global scale.
Identify and explain the three factors highlighted above which affect the working capital requirements of such enterprises.

How is accountability related to authority? Explain.

A production manager pays less than the minimum wages and gets their signatures on minimum wages. Which values are not being followed by him?