Business Studies: 2017: CBSE: [All India]: Set – I
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Give the meaning of supervision as an element of Directing.Marks:1
Supervision is the process of guiding and instructing the subordinates towards achieving the desired goals. It implies overseeing the work of the subordinates.
Differentiate between 'formal' and 'informal' organisation on the basis of 'flow of communication'.Marks:1
Flow of communication
Communication takes place through a properly defined scalar chain
Communication can take place in any direction as there is no planned communication
Why is 'Aptitude Test' conducted in the process of selection?Marks:1
Aptitude test is conducted to find out whether the potential candidate has the capacity and talent to learn in future on a specific job.
Bhagwati Enterprises is a company engaged in the marketing of air-conditioners of a famous brand. The company has a functional structure with four main functions Purchase, Sale, Finance and Staffing. As the demand for the product grew, the company decided to recruit more employees.
Identify the concept which will help the Human Resource Manager to find out the number and type of personnel available so that he could decide and recruit the required number of persons for each department.Marks:1
Workload Analysis will help the Human Resource Manager in finding the number and type of personnel available so that he could decide and recruit the required number of persons for each department.
Isha Machines was a renowned name for quality sewing machines since 1960. Mr. Suresh, the owner of Isha Machines, was worried as the production had declined during the last three month. He directed the Production Manager to find out the reason. The production Manager ordered the different supervisors to prepare a performance report of the workers working under them. Identify the step taken by the Production Manager that is related to one of the functions of management.Marks:1
The step taken by Production Manager is Measurement of Actual Performance under the controlling function of management.
What is meant by 'Capital Structure'?Marks:1
Capital structure refers to the mix between owners and borrowed funds.
Owners funds consist of equity share capital, Preference share capital, Reserves & surplus. Borrowed funds consist of Debentures, Loans, Deposits, etc. A company needs to decide upon the optimum mix of these sources, which refers to the capital structure.
Sika Ltd., a reputed industrial machines manufacturer, needs Rupees twenty crores as additional capital to expand the business. Mr. Amit Joshi, the Chief Executive Officer (CEO) of the company wants to raise funds through equity. The Finance Manager, Mr. Narinder Singh, suggested that the shares may be sold to nvesting public through intermediaries, as the same will be less expensive. Name the method through which the company decided to raise additional capital.Marks:1
The method through which Sika Ltd. decided to raise additional capital is 'Offer for Sale'.
Mansi took her niece, Ridhima, for shopping to 'Mega Stores' to buy her a bag for her birthday. She was delighted when on payment of the bag she got a pencil box along with the bag free of cost. Identify the technique of sales promotion used by the company.Marks:1
The technique of sales promotion being used by the company is 'Product Combination'.
Explain briefly 'Unity of Direction' and 'Order' as principles of general management.Marks:3
Unity of Direction: This principle states that each group of activities having same objective must have one head and one plan. It prevents overlapping of activities.
Order: The principle of Order is concerned with the proper and systematic arrangement of things and people. It states that there should be safe, appropriate and specific place for every article and person in an organisation.
State any three features of planning.Marks:3
Features of planning are:
· Focused on Achievement of Objectives: Planning commences with determination of objectives Helps in setting feasible organisational goals.
· Primary Function of Management: Planning precedes other management functions. It provides the base for other functions of management and facilitates performance of all other managerial functions within its framework.
· Pervasive: Planning is required at all levels of management as well as in all departments of the organization.