Commerce (English Medium) Class 12 - CBSE Important Questions for Business Studies

What is meant by the divisional structure of an organisation?

Organising involves a series of steps in order to achieve the desired goals

State any three benefits of training to employees.

Explain the following as factor affecting the requirements of working capital:

Availability of raw material

Differentiate between `capital-market' and 'money-market' on the following basis:

Investment outlay

Differentiate between 'capital-market' and 'money-market' on the basis of:

Expected return;

Explain any four points that highlight the importance of principles of management

State any three points of importance of business environment.

Explain any three features Business Environment

Explain the following limitations of planning:

1. Planning reduces creativity.
2. Planning involves huge costs.

Explain the following as limitations of planning:

1. Planning leads to rigidity.
2. Planning may not work in a dynamic environment.

Give the meaning of 'accountability' as an element of delegation

Give the meaning of 'Responsibility' as an element of delegation

Answer the following question:
Aradhana and Gandharv are heads of two different departments in 'Yumco Ltd.' 'They are efficient managers and are able to motivate the employee of their respective departments to improve performance. However, their drive to excel in their own sphere of activity instead of giving emphasis on objectives of the enterprise has hindered the interaction between the departments that Aradhana and Gandharv are heading. Often there are inter-departmental conflicts and they have become incompatible. This has proved to be harmful in the fulfillment of the organisational objectives. The situation has deteriorated to such an extent that the CEO of 'Yumco Ltd.' has hired a consultant, Rashmi, to resolve the problem. After studying the situation closely, Rashmi found that the problem has arisen due to inflexibility and a narrow perspective on the part of both Aradhana and Gandharv. She is of the view that this situation is a result of the type of organisational structure 'Yumco Ltd.’ has adopted.
From the above information, identify the organisational structure adopted by ‘Yumco Ltd.’ and state any three advantages of the structure so identified.

What is meant by 'functional structure' of an organisation?

State any four points which highlight the importance of delegation in an organisation.

Answer the following question.
With the help of any four points, explain the importance of 'Decentralisation' in an organisation.

Answer the following question.
‘Moga Industries Ltd,’ approached a well-established university in the city of Madurai to recruit qualified personnel for various technical and professional jobs. They selected Tanya, Ritu, Garima, and Chetan for various Vacancies in the organisation.
After the selection and placement, 'Moga Industries Ltd,’ felt the need to increase the skills and abilities, and the development of a positive attitude of the employees to perform their specific jobs better. The company also realised that learning new skills would improve the job performance of the employees. Hence, the company decided to take action for the same.

1) Name the step of the staffing process regarding which the company decided to take action.
2) State the benefits of the action to ‘Moga Industries Ltd.'

Explain Direct Recruitment and Advertisement as external sources of recruitment

How is the training of employees beneficial for the organisation? State by giving any four reasons.