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Workers are always unwilling to take up any kind of work in Alpha Studios. Due to rise in demand, the firm wants them to co-operate to meet pending orders. Suggest which element of directing is suitable for this situation?
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Divij is a chief manager in a company using highly sophisticated machines and equipments. He wants that every employee should be fully trained before he operates the machines or the equipments. Suggest the best method of training that Divij can use for the training of the employees.
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What do you understand by 'Management of work'?
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?Due to demonetisation, country moved one step towards digitalisation." In this context, which concept of digitalisation came out to be very successful?
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'Wear Me', a clothes manufacturing company of the ladies segment is facing the problem of declining market share due to increased competition. The company with a view to regain its market share, decide to introduce a premium range of women wear to target the upper segment of society. Which type of plan has the company prepared? Name it.
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Control should focus on Key Result Areas, (KRAs) which are critical for the success of an organisation. For this, what type of control should be administered?
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State one advantage of functional structure.
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Kamakshi purchased a face wash. The label contained no information regarding its usage or the type of skin it was suitable for. On using the face wash, she faced the problem of redness and itching on her face. She contacted the customer care only to be informed by them that the face wash was not suitable for oily skin, which was Kamakshi's skin type. Which right of Kamakshi is violated by the company?
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"To manage is to forecast and plan, to organise to command, to coordinate and to control," enunciated by Fayol. Comment.
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Explain any three positive effects of liberalisation and globalisation on business and industry.
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Himanshu purchased a new car from 'Galaxy Motors' for Rs. 25 lakh. He was offered free insurance for the first year and three free servicing to be availed after the car had covered 5,000 km, 10,000 km and 15,000 km respectively. When Himanshu took the car for the first free servicing, he was told that the car was not new and first service had already been availed on this car. He felt cheated and filed a complaint in the State Commission. Being not satisfied with the decision of the State Commission, he decided to file and appeal against it after two months. Can Himanshu appeal against the decision of the State Commission? Give reason in support of your answer.
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To avoid the problem of shortage and surplus of funds what is required in financial management. Name the concept and explain any four points of its importance.
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What do you understand by dematerialisation of securities and demat account?
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Mohit runs a shoe manufacturing factory. He wants to expand his business. For expansion, he contemplated to enter into the manufacturing of leather bags and western formal wear apart from the running business of shoes. By doing this, his company will be able to provide many products to working women under one roof. Which organisation structure will you suggest him and why?
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Rajat had opened an internet cafe in the 90's to cash in on the boom of the internet. In the initial years he got good profits. This made him carefree and he started taking his success for granted. But lately for the last few years, he is finding it difficult to even bear the expenses of his cafe, leave alone earning profits.
(i) Which aspect or feature of business environment has Rajat ignored? |
(ii) What changes in the macro environment has affected his business? |
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?A stock exchange is an institution which provides a platform for buying and selling of existing securities." Do you agree with this statement? Explain two functions of stock exchange.
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"Management is the systematised body of knowledge that explains certain general truths." Explain the statement by giving four reasons to support your answer.
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"Planning leads to rigidity and reduces creativity." Explain this statement.
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Arnav is the production manager of Technomart Corporation. Due to heavy demand of the company's product and excessive load on production department, Arnav delegated part of his authority and work to his subordinate supervisor. Since, the supervisor was not proficient in handling the work, work quality degraded resulting in poor quality output. Thereafter, the manager is of the view that he is not responsible for the quality of work, as he has delegated responsibility to his subordinate. Do you agree with his view point? Justify your answer by giving proper arguments. Also, identify the values being violated in this case.
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As a well-informed customer, what kind of quality certification marks you will look for before buying products? Also, state any two values which quality certification marks indicate.
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"Selection is a negative process," do you agree? Differentiate between recruitment and selection on any two basis.
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Daksh Ltd requires an investment of Rs. 60,00,000 to earn Earning Before Interest and Tax (EBIT) of Rs. 8,00,000. In order to raise Rs. 60,00,000, there are two proposals:
Proposal A |
6,00,000 equity shares of Rs. 10 each |
Rate of tax = 20% |
Proposal B |
4,00,000 equity shares of Rs. 10 each |
10%? 20,00,000 debentures |
Rate of tax = 20% |
Which proposal, if accepted, would ensure better earnings for the shareholders? |
Decide on the basis of Earning Per Share (EPS). |
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What are the common barriers to effective communication? Suggest measures to overcome them.
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ABC is a leading publication company of the country. The company's objective is to provide 'error-free' books for the students. But the company's production department is plagued with many shortcomings. The authors are not given accurate parameters, constant changes are made in the instructions given to the coordinators and last minute irrelevant additions are made in the text. All these leads to wastage of resources and the company's objective is also not achieved and the revenues are also falling. The company has recruited a new production manager, replacing the old one. The new production manager identified the need for that function of management in which actual performance is compared with planned performance.
(i) Identify the function of management discussed above. |
(ii) State the steps necessary to install that function in the organisation. |
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Suhani has started her business of readymade garments. She manufactures clothe for infants. She uses only the best quality cloth and decides to charge only the minimum possible for her products. Her aim is to provide premium clothing range for the middle-income group. Being new to business, she seeks the help of her uncle, Mr Anil, who is a chartered accountant, to help her fix the price of her product so that she is able to meet the above objectives.
(i) Explain the factors to be considered while fixing the price of a product. |
(ii) Explain to Suhani the concept of price mix. |
(iii) State any one method of pricing. |
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