Consumer Protection — Business Studies STD 12 Commerce — Question

Which feature of business environment is indicated when it is stated that business environment is a phenomenon that is relatively easier to understand in parts but difficult to grasp in its totality?

What is compared with what, in controlling?

Mr. Rajiv is the owner of 'Laxmi Dairy.' He is producing various milk products. He always tests various ways of producing different products and chooses the best and most economical way of production. He is also very particular about fixing a place for everything and he makes sure that all the employees are given a fixed place so that there is no wastage of time and delay in production.1. Which technique of scientific management is applied by Mr. Rajiv?2. Which principle of Henry Fayol is followed by him?

“The Principles of Management are different from those used in pure science.” Write any one difference.

‘They don’t sell what they can make, but they make what they can sell’. Name the marketing philosophy to which this statement is related.

The psychology lecture of MBA students of 'Ikon Institute' was going on. The lecturer discussed that some employees have the desire for status or ego of self-respect and recognition.Some have the desire to be what they want to be.Some aspire for acceptance and sense of belongingness.Some need defence against unexpected problems in future.1. Identify the topic of psychology lecture.2. Identify the desires of employees discussed above along with how can a manager fulfil such desires respectively.

What is the importance of establishing reporting relationship in organising?

What does the principle of ‘Initiative’ indicate?

Name the type of plan which is time bound and linked with measurable outcome.

Explain two causes of deviations and corrective action to be taken for them.