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Give the meaning of 'Critical point control'.
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On which type of products is ISI mark used?
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'Shirt Up' is a company engaged in the production of men's shirt. The company follows Taylor's differential wage rate payment method and has the following piece rate wages:
(i) Rs. 15 per shirt to every worker who is able to produce the standard output of 8 shirts or more, per day. |
(ii) Rs. 12 per shirt to every worker who is not able to produce the standard output. |
Calculate the wages payable to Satish, who produced 11 shirts. |
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Reet, Preet and Geet decided to set-up a paper manufacturing unit, dividing its operations in three regional zones, each managed and controlled by one of them. Suggest the type of organisation structure suitable for them.
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Why has procedure become so important in the day-to-day functioning of an organisation?
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"Scope of consumer protection is wide." Do you agree?
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"Increased awareness for healthcare have increased the demand for fat free oil." Which feature of business environment is being highlighted in the qouted lines?
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Name the activity which increases the importance of the role of subordinates.
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Coordination is the essence of management. Explain.
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?A newly appointed personnel manager is of the view that there is no need for training the workers.'' Do you agree with his views? Give reasons in support of your answer.
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Amula Ltd has launched a new product 'baby milk'. Following brand names are suggested for the product.
(i) Amooly |
(ii) Mamta |
(iii) Invaluable Milk Yano |
As a marketing manager, select the best brand name and also give reasons in support of your answer for selecting or not selecting a particular name.
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Name and explain that principle of Fayol which suggest that communication from top to bottom should follow the official lines of command.
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Organisation is the harmonious adjustment of specialised parts for the accomplishment of some common purpose or desired goals. In the light of this statement, explain any three points of importance of organising.
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MRTU Groups of Hotels, an abroad based company, decided to establish a chain of new hotels in India, only after a careful study of the business industry. They felt that tourism industry was the biggest industry in the world. Its future is particularly bright in India and gives certain social advantages too. This will help in giving employment and generating revenue in the country. Identify and explain the components of business environment reflected in this case.
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A company comprised of competing divisions, allows its top management to 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.
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A large number of passengers travel by rail. The food supplied by the rail pantry is of poor quality and adversely affects the health of passengers.
(i) What action should be taken against such practices? |
(ii) Which values are violated here? |
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Explain giving reasons why firms with high debtors turnover ratio and high inventory turnover ratio require lesser amount of working capital.
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In an organisation, employees are selected and trained scientifically. The managers take great care that they are chosen after following a proper process of selection. Recruitment is also done using large number of external sources such as campus recruitment, placement agencies, web publishing, casual callers and advertisement. Thus, the company employs a competent and an effective workforce. However, the employees do not have the right to give suggestion about any matter of the organisation. Which principle of management is violated? Write any three adverse effects of such violation of management principle.
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Two years ago, Mayank obtained degree in food technology. For some time, he worked in a company manufacturing bread and biscuits. He was not happy in the company and decided to have his own bread and biscuits manufacturing unit. For this, he decided the objectives and the targets and formulated action plan to achieve the same. One of his objective was to earn 50% profit on the amount invested in the first year. It was decided that raw materials like flour, sugar, salt, etc will be purchased on two months? credit. He also decided to follow the steps required for marketing the products through his own outlets. He appointed Harsh as a production Manager who decided the exact manner in which the production activities are to be carried out, harsh also prepared a statement showing the requirement of workers in the factory throughout the year. Mayank informed Harsh about his sales target, for different products, areawise for the Forth coming quarter. While working on the production table, a penalty of Rs. 150 per day was announced for not wearing the helmet, gloves and apron by the workers. Quoting lines from the above para, identify and explain the different type of plans discussed.
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You are an HR in TRIMX Ltd. You have recruited 20 candidates the post of senior executive without conducting the written test due to which the working of a company suffers as unprofessionals are hired for senior positions.
(i) In context to thisexplain the importance of conducting test during selection process. |
(ii) Also state the various types of tests conducting in this process |
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?SEBI is the watch dog of security market? Do you agree? Give three reasons to support your answer.
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Murfi Ltd is a large manufacturing unit. Recently, the company has conducted the ?time? and ?motion? studies and concluded that on an average, a worker could produce 80 units per day. However, it has been noticed that average daily production of a worker is in range of 50-60 units. Which function of management is needed to ensure that the actual performance is in accordance with the performance as per ?time? and ?motion? studies? State four features of this function of management.
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Mr Samar is the Chairman of a leading insurance company. In a review meeting. The management of the company reason for this loss was attributed to the lack of leadership qualities in managers at regional and district levels. Mr Samar asked the Sales Director to instruct these managers to change their leadership styles or else be ready for consequences.
(i) Give the importance of leadership for an organization. |
(ii) Briefly discuss the various leadership styles. |
(iii) Leadership is an important component styles. |
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Explain the term trading on equity. Why, when and how it can be used by a business organization?
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Explain the following functions of marketing.
(i) Marketing research |
(ii) Product designing and development |
(iv) Standardisation and grading |
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