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"Business environment includes both specific and general forces'. List any four specific forces.

Is planning actually worth the huge costs involved? Explain.

___ rises with an increase in debt, only when the ROI is more than the cost of debt.

For delegation to be effective it is necessary that responsibility be accompanied with necessary

(a) Authority

(b) Manpower

(c) Incentives

(d) Promotions

Fast communication, fulfilling social needs and receiving correct feedback are advantages of ___ organisation.

'Financial planning tries to link the present with the future'. Explain the importance of financial planning in the light of this statement.

___ is responsible to maintain quality of work.

What is labelling? State any three functions of labelling.

'Leadership is an essential element of directing'. Do you agree? Give three reasons in support of your answer.

Which Act provides relief to the buyers of goods in case the goods purchased do not comply with the expressed condition?

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Can there be some fixed cost in the long run? If not, why?

A ___ offering is a complete offer for a product or service, having certain features like size, quality, taste, etc at a certain price, available at a given outlet or location.

State whether the following are true or false.

(i) Consumer protection has a moral justification for business.

(ii) In addition to rights, a consumer also has some responsibilities.

(iii) A complaint can to be made to a District Forum when the value of the goods or services in question, along with the compensation claimed exceeds Rs 20 lakhs.

(iv) The Consumer Protection Act provides for six consumer rights.

(v) ISI is the quality certification mark used in case of food products.

(vi) Under the Consumer Protection Act, a complaint can be filed by a consumer for a defective good and also for deficiency in service.

A Treasury Bill is basically

(a) An instrument to borrow short-term funds

(b) An instrument to borrow long-term funds

(c) An instrument of capital market

(d) None of the above

Explain the following terms:

(a) Liberalisation

(b) Privatization

(c) Globalisation

'S' Ltd. is manufacturing steel at its plant in India. It is enjoying a buoyant demand for its products as economic growth is at about 7-8% and the demand for steel is growing. It is planning to set-up a new steel plant to capitalise on the increased demand. It is estimated that it will require about Rs 5000 crores to set-up and about Rs 500 crores of working capital to start the new plant.

Keeping in mind that it is a highly capital intensive sector, what factors will affect the fixed and working capital? Give reasons concerning both in support of your answer.

Explain the concept of vocationalisation of education.

If two events A and B are such that then the events A and B are

What is meant by labeling? State any four functions of labeling.

Why are the rules considered to be plans?

A manager observes that an old employee is doing the required work. Manager scolds him rudely, insulting him in front of other employees, without asking him the reasons. Which values (in controlling) does the manager show disregard for?

Henry Fayol was a

(a) Social Scientist

(b) Mining Engineer

(c) Accountant

(d) Production engineer

___ is the technique of scientific management that is the extension of the principle of division of work and specialisation.

Nisha&Co is a firm manufacturing paper bags in Odisha. It has employed female workers in the company and manufactures paper bags from recycling paper and thereafter sells them to various firms at economic rates. Which of the following is a step to be undertaken for the above situation?

Which technique of Taylor separates planning and executive functions?

Which of the following are techniques of sales promotion?

Give the meaning of 'procedure' and 'rule' as types of plans.

Can a large sized organisation be totally centralised or decentralised? Give your opinion.

___ is a process of learning and growth. It is career - oriented. It also ensures the overall growth of an employee.

Management is considered to be both an art and a science. Explain.

The manufacturing of school bags is supervised by a newly appointed foreman. How has he to carry out the process of control? Which of the following steps must he use to conduct the control process?

Have you ever changed your opinion about someone or something that you had earlier liked or disliked? Narrate what led you to change your mind.

Explain the procedure for selection of employees.

What are important profitability ratios? How are these worked out?

What are Formal Communication Networks ? Explain the five patterns briefly.

Mention two reasons for increasing involvement of managers in staffing.

___ means maintaining relations with the public, which helps in framing strategic policies for effective marketing, by evaluating the attitudes of the public.

Timely promotions, reward for good work, productivity linked wages etc, incentives are given in an organisation. What kind of incentives are these?

Mention the various dimensions of the business environment.

A company is manufacturing garments. The manager wants to increase profits by :

(i) Purchasing new high-speed machines

(ii) Increasing the sale price

(iii) Using waste materials in the manufacturing of stuffed (or soft) toys.

He decided that using waste material to increase the profit is the best solution for him.

(i) Identify the marketing management philosophies for each option considered by the manager to increase profits. Explain whether the concept decided by the manager is beneficial or not.

(ii) To complete the process of the concept identified what further steps does the manager need to take?