Financial Management — Business Studies STD 12 Commerce — Question

Anjali purchased a machine for ₹ 1.5 crore from a company and found it defective. Defect was not rectified in spite of repeated complaints to company. Suggest to him the appropriate authority where he could file a complaint under Consumer Protection Act, 1986.

‘Management is the process of getting things done.' State the meaning of the term 'process' used in this statement.

Assigning duties, grouping tasks establishing authority and allocating resources is one of the functions of management. Name that functions.

Name any two essential ingredients of sound working capital management.

"Planning always leads to success'. Do you agree? Give reason in support of your answer.

Mention one reason why packaging has acquired great significance in the marketing of goods and services.

Anmol and Ankur both did their MBA from a top B-school in India. They both joined different MNCs at managerial positions. Anmol discusses all proposals with his subordinates, listens to their suggestions and then takes the decisions. Whereas Ankur orders his subordinates and expects them to follow them. Both are committed and are able to achieve their targets though their way of functioning is different. State the nature of management highlighted above.

A dealer wants to send some gift items of glassware to Delhi from Mumbai. Which type of packaging is needed here?

As a part of economic reforms, the Government of India announced New Economic Policy in __________.

In which kind of communication network, a subordinate is allowed to communicate with his immediate superior as well as his superior's superior?