question_answer2) The operations manager set a limit of 5% deviation in production and decided to take corrective action only if deviations occurred beyond 5%. Name the controlling principle applicable here.View Answer play_arrow
|Profit After Tax (PAT) Rs. 3,75,000|
|Depreciation for the year Rs. 52,000|
|Interest payments Rs. 65,000|
|Dividend paid to preference shareholders Rs. 20,000|
|Repayment of loan Rs. 15,000|
question_answer12) Raj Wadhawan is thinking of establishing a steel manufacturing company. In his research, he found out that this sector is expected to grow at a rate of 20% annually and presently the demand far exceeds its supply. He has also managed to include Kshitij in his plans, who has the experience of working in TISCA Steel Plant for 10 years. Kshitij informs him that a steel manufacturing company has the following main jobs:
|[e] Research and development|
|(i) Which type of organisation structure will be suitable for this type of a company?|
|(ii) State any two advantages of this organisational structure.|
question_answer13) "Comparing the actual performance with the laid standards, finding out the deviations and taking corrective action is an important function of management." Name the function and explain the process.View Answer play_arrow
question_answer15) Rahul purchased a washing machine from an electronics store at a discount of 40%. The salesman assured him of the quality and assured that the product was in proper working condition, but was put up in sale due to off-season and stiff competition in the market. Believing him, Rahul bought the machine without bill to get an additional benefit of tax reduction. After two months, the machine broke down. The seller refused to either accept the complaint or take any further step to compensate for the loss. Rahul also cannot file a case against the seller as he had not fulfilled his responsibilities at the time of sale. What were the responsibilities of Rahul here, while purchasing and using a washing machine? (Any four)View Answer play_arrow
question_answer16) Manav, who is an MBA, has been appointed at the post of general manager in HCPC Ltd. Soon after his joining, he decided to set-up a chemical plant in a residential area. Also, he withdrew all kinds of donation and charity going for running of hospitals and schools for the children of employees.
|(i) Do you think Manav is correct in his decision?|
|(ii) If not, in what reference and what values are being ignored?|
|(iii) How can he rectify his mistake? Suggest.|
question_answer17) "The activities involved in managing an enterprise are common to all organisations whether social or political." Explain this statement with reference to characteristics of management.View Answer play_arrow
question_answer18) 'An important task in the marketing of goods relates to designing the label as it provides useful and detailed information about the product." In the light of the above statement, draw a label for a liquid soap and highlight the important information to be provided on it.View Answer play_arrow
question_answer20) "Organising is the harmonious adjustments of specialised parts of the accomplishment of some common purpose or purposes." In the light of this statement, explain any five points of importance of organising.View Answer play_arrow
question_answer22) Playtime Ltd is a leading manufacturer of plastic toys. The management of the company has only one objective and that is of profit maximisation. The company uses toxic plastic for making the toys even for infants and advertises that all its toys are made up of non-toxic plastic. The other asthetics of toy-making, such as smooth edges, safety concerns, etc are also overlooked by the company. The company also infringes upon the patent rights of other known companies such as Leo Mattel, Playway, etc. The factory also emits lots of smoke and degrades the environment. The company overlooks this issue also and is busy in profit making.
|(i) As per the above case, what values are overlooked by the company?|
|(ii) What are the steps that should be taken by the company to secure the society?|
question_answer23) Neha is running a business of making canned fruits and jams from her village, Sumti in Himachal Pradesh. She had started the business single handedly from her own kitchen Her superior quality and reasonable price has propelled her towards success. Presently she employs over 100 employees, most of them women and last year her company registered a turnover of Rs. 10 crore. She keeps on giving financial incentives to her employees as she wants them to be partners in her success, but now she is considering of giving psychological and emotional incentives to her staff to increase productivity.
|(i) What are these incentives called?|
|(ii) Explain any five types of these incentives.|
|(i) What do you understand by a highly geared capital structure?|
|(ii) What are the implications of choosing such a structure?|
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