Financial Management — Business Studies STD 12 Commerce — Question

One of the principles of Scientific management emphasizes to make the employee efficient, by training the workers. It further insists that each employee must be scientifically selected and work assigned to employees should suit their physical, mental and intellectual capabilities.(i) Name and explain the principle of scientific management involved in above case.(ii) Name the value emphasized by this principle.

What is meant by product concept of marketing?

Explain any three qualities of a good brand name.

Explain the meaning and relationship between authority and responsibility.

SEBI recently called for information and issued a show cause notice to NSE and its 14 officials seeking explanation on the Preferential Access allegations at the Exchange's Co-location facility. State the function that SEBI performed by doing so.

In your school, you observe that books are kept in office, chalks in the library and office records in the staffroom. How will that affect the achievement of school objectives? Which aspect of management is lacking here and why? As a manager, what steps will you take to rectify the shortcomings?

Steelone Enterprises is manufacturing high quality steel utensils. The demand for steel utensils is rising as people are getting aware that plastic is not good for health. This has led to increase in production of steel utensils. To encourage sales, Steelone Enterprises declared a liberal credit policy which allows three months credit to its wholesale buyers.
In the light of the above, identify the two factors affecting working capital requirements of Steelone Enterprises. State with reason, whether the factors as identified above, will result in high or low working capital requirement.

Why was Securities and Exchange Board of India (SEBI) set up?

Explain the 'Earnings Before Interest and Taxes - EBIT'.