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Why is it said that organisations are not always able to accomplish their objectives?

Which of the following statement/statements is/are correct?


A. When virtuoso teams begin their work, individuals are in and group consensus is out.

B. As project progresses, however, the individual stars harness themselves to the product of the group.

C. Sooner or later, the members break through their own egocentrism and become a plurality with single-minded focus on the goal.

D. In short, they morph into a powerful team with a shared identity.

Between 1991 and 2001 many malpractices and unfair trading practices like price rigging, an unofficial premium on new shares etc. were practiced. All these had eroded investors’ confidence and multiplied their grievances. To overcome these, Government of India decided to set-up a separate regulatory body for this purpose. Name the separate body set up by Government of India. Specify three objectives that support the case.

___ helps in channelling surplus funds into the most productive uses.

___ refers to the short-term incentives, which are designed to encourage the buyers to make an immediate purchase of a product or service in a short-term period.

The study of organisational behaviour mainly involves the study of:

In a factory, the toolbox was kept under the table of every worker, whenever a worker needs tools he had to take it from that toolbox and place it back. the newly appointed supervisor observed it and suggested to keep a stool near every worker's chain where toolbox can be placed so that workers do not have to bend and waste their energy. Which technique of scientific management is used by the new supervisor

Which of these is a function of top management?

The author mentions “trousers” (1st paragraph) most likely in order to:

___ is the riskless source of finance, as there is no obligation on the company to pay dividends or repay the capital of the shareholders, whether they earn a profit or not.

Discuss the nature of controlling.

Reena purchased one litre of pure Deshi Ghee from a shopkeeper. After using it she had doubt that it was adulterated. She sent it for a laboratory test which confirmed that the ghee was adulterated. State any four reliefs available to Reena if she complaints and the Consumer Court is satisfied with the genuineness of the complaint.

State any three limitations of planning.

In an organisation employees always feel they are under stress. They take least initiative and fear to express their problems before the manager. What do you think is wrong with the manager?

A company comprised of competing divisions allows its top management frame policies or sound strategic thinking on various aspects like allocation of resources, funds, etc. In the light of the above statement, state the disadvantages of divisional structure.

What is the main function of financial management?

Deepika and Rajshree are partners in a firm sharing profits and losses in the ratio of 3:2. On 31 st March,2017, their Balance Sheet was as under:

$\begin{array}{cccc}\text{Capital and Liabilities}& \text{Rs}& \text{Assets}& \text{Rs}\\ \text{Sundry Creditors}& 16,000& \text{Cash in Hand}& 1,200\\ \text{Public Deposits}& 61,000& \text{Cash at bank}& 2,800\\ \text{Bank Overdraft}& 6,000& \text{Stock}& 32,000\\ \text{Outstanding Expense}& 2,000& \text{Prepaid Insurance}& 1,000\\ \text{Capital Accounts:}& & \text{Sundry Debtors}28,800& \\ Deepika48,000& & \text{Less: Provision for}& \\ Rajshree\underset{–}{40,000}& 88,000& \text{Doubtful Debts}\underset{–}{800}& 28,000\\ & & \text{Plant and Machinery}& 48,000\\ & & \text{Land and Building}& 50,000\\ & & \text{Furniture}& 10,000\\ & \underset{–}{\overline{1,73,000}}& & \underset{–}{\overline{1,73,000}}\end{array}$

On the above date, the partners decide to admit Anshu as a partner on the following terms :

(i) The new profit-sharing ratio of Deepika, Rajshree and Anshu will be 5 : 3 : 2, respectively.

(ii) Anshu shall bring Rs 32,000 as his capital.

(iii) Anshu is unable to bring in any cash for his share of goodwill. Partners, therefore, decide to calculate goodwill on the basis of Anshu's share in the profits and the capital contribution made by him to the firm.

(iv) Plant and Machinery would be increased by Rs 12,000.

(v) Stock would be increased to Rs 40,000.

(vi) Provision for Doubtful Debts is to be maintained at Rs 4,000. Value of Land and Building has appreciated by 20%. Furniture has depreciated by 10%.

(vi) There is an additional liability of Rs 8,000 being outstanding salary payable to employees of the firm. This liability is not included in the outstanding liabilities, stated in the above Balance Sheet. Partners decide to show this liability in the books of accounts of the reconstituted new firm.

Prepare Revaluation Account, Partner's Capital Accounts and the Balance Sheet of Deepika, Rajshree and Anshu.

Q68. ‘Eternal Blue’ recently in news is related to-

"Controlling is an important function of management". Explain by giving any six points.

'Buy three t-shirts and get one t-shirt free' is an example of one of the techniques of sales promotion. Identify and explain the technique.

What are the objectives of Consumer Protection Act, 1956?

'Supervision is an important element of directing function'. Explain any four reasons in support of this statement.

There are two companies B and D. Total contribution of capital is Rs.40 lakhs each. The proportion of equity in the total capital of the company B is Rs. 10 lakhs and debt is Rs.30 lakhs. While in company D, the total equity capital is Rs.40 lakhs, sourced through equity. EBIT is Rs.8 lakhs, the interest rate on debt is 10% and the tax rate is 30%. Which company enjoys the favourbale financial leverage?

According to this principle, there should be an orderly arrangement and a specific place for everything (material order) and everyone ( social order) in the organisation.

How can informal communication help to supplement formal communication model given by you in answer to question 5?

Rajeev, the owner of Pathways Constructions, decided to start a campaign to create awareness among people for developing the clean surroundings in their area. He formed a team of 10 members to list the different ways for cleaning. One suggested to take the help of local residents, another suggested that they may involve school- going kids. To achieve the desired goal, various activities were identified like the purchase of garbage bags, brooms, the collection of garbage, disposal of garbage etc. Identify the values which the company wants to communicate.

___ is required at all levels of management because it integrates the effort of different departments.

Exercise 1.1

Question.7

Centralisation refers to

The top level manager has asked the production manager to achieve a target production of 2000 units in a month. But he does not give him the authority and holds the decision-making powers. Identify and explain the concept used in the case.

Explain, with examples, the various dimensions of the business environment.

The top management of Phospher Ltd. is engaged in organisation planning but they do not involve middle and supervisory level of management. These two levels of management are neither allowed to deviate from their plans nor are they permitted to act on their own. They keep thinking along the same lines as others so that nothing new or innovative gets added to the process.

(i) Which limitation of planning is reflected in above case?

(ii) What is the meaning of this limitation in the context of the case study?

(iii) What remedial step will Phospher Ltd., take to overcome this limitation?

Explain the objectives and functions of the SEBI.

A shopkeeper sold you some spices, claiming that those were pure. Later, a laboratory test showed that those were adulterated. What precautions you should have taken before buying the products?

With a view to discourage hoarding of cash and to solve the problem of black money, the Government of India initiated demonetisation of Indian economy by declaring that Rs. 500 and Rs. 1000 notes are no longer legal tender. This situation created a cash crunch and parents were not able to pay school fees of their children.

Suggest some measures that the schools could adopt, so that this problem is solved and the education of the children is not hindered.

In which year did India face its first demonetisation?

___ in newspapers and trade journals is a common method of encouraging people to apply for jobs.

The two stages of the evolution of human resource management.

XYZ Ltd gives promotions on the basis of seniority. Which type of plan is it?

Banwari, Girdhari and Murari are partners in a firm sharing profits and losses in the ratio of 4:5:6. On 31st March, 2014, Girdhari retired. On that date the capitals of Banwari, Girdhari and Murari before the necessary adjustments stood at Rs 2,00,000; Rs 1,00,000 and Rs 50,000 respectively. On Girdhari's retirement, goodwill of the firm was valued at Rs 1,14,000. Revaluation of assets and re-assessment of liabilities resulted in a profit of Rs 6,000. General Reserve stood in the books of the firm at Rs 30,000. The amount payable to Girdhari was transferred to his loan account. Banwari and Murari agreed to pay Girdhari two yearlly instanlments of Rs 75,000 each including interest 10% p.a. on the outstanding balance during the first row years and the balance including interest in the third year. The firm closes its books on 31st March every year. Prepare Girdhari's loan account till it is finally paid showing the working notes clearly.

When actual performance is lower than planned performance, it is known as deviation.

Management is a continuous activity.

Which of these options is a reform introduced under liberalisation.

______is based on the preferences of the customers which were identified by the company.

Nandrachal Networks and Technologies Ltd. is a leader in technology innovation in U.S.A. creating products and solutions for a connected world. It has a large Research and Development team which invented the first smart watch W-I, which besides showing the time would also monitor few health parameters like heart beat, blood pressure, etc. While in search of markets abroad, the company found that in India, the reform process was underway with the aim of accelerating the pace of economic growth. The company decided to take advantage of the fact that licensing requirements had been abolished. The company was also aware that there had been increased level of interaction and interdependence among the various nations of the world and India could be made a base for its international trade. It set up its office in Gujarat with a view to capture the Indian market. In a short span of time, the company emerged as a market leader. Success of the company attracted many other players to enter the market. Competition resulted in reduction in prices, thereby benefitting the customers.

(a) In the above paragraph, two major concepts related to government policy have been discussed.

(b) Also, explain briefly any three impacts of those concepts on Indian business and industry.

What are the advantage of screen based trading system?

Environment is able to perform its functions easily as long as demand on these functions is within its carrying Capacity. What does the term 'Carrying Capacity' imply?

Why is planning a pre-requisite for controlling?