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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.'
Concept: Importance of Training and Development
Explain Direct Recruitment and Advertisement as external sources of recruitment
Concept: Staffing - Recruitment Process
How is the training of employees beneficial for the organisation? State by giving any four reasons.
Concept: Concept of Training and Development
State any four advantages of external sources of recruitment.
Concept: Staffing - Recruitment Process
Answer the following question:
Sandhya is a successful manager at Mansions Enterprises. She has a team of twelve people working under her. She encourages them to set their own objectives and take decisions. She respects their opinions and supports them so that they can perform their duties and accomplish organisational objectives. To manage and exercise effective control she uses forces within the group.
As an intelligent manager, at times, she also makes use of positive aspects of informal communication. This way, she is able to unify diverse interests and ensure that targets are met.
(a) There are many theories and styles of influencing people's behaviour. Identify the style used by Sandhya which is based on the use of authority.
(b) State two positive aspects of the communication discussed above, which Sandhya is using as an intelligent manager.
Concept: Formal and Informal Communication
Answer the following question:
Ram Murthy, the CEO of ‘Goodcare Hospitals’, a leading chain of hospitals, decided to reward the good work of the doctors of his organisation. For this, he instituted two running trophies. A ‘Healthcare Achievers Trophy’ to acknowledge and appreciate the tireless efforts of the doctors who rendered selfless services to the patients and another ‘Beti Bachao Trophy’ to recognise the outstanding work done by the doctors in saving the girl child.
The CEO also wanted to improve the health services in rural areas all over the country. He decided that all doctors must work in rural areas for at least six months. He also decided that the paramedical staff should be employed locally.
(1) Identify the incentive provided by ‘Goodcare Hospitals’ to its doctors through running trophies
(2) Which needs of the doctors will be satisfied through the incentive identified in part (a)? State.
(3) State any two values that the CEO of ‘Goodcare Hospitals’ is trying to communicate to society.
Concept: Motivation - Financial and Non Financial Incentives
Explain briefly any three functions performed by a supervisor.
Concept: Function of a Supervisor
Briefly explain any three leadership styles.
Concept: Leadership Styles
Answer the following question:
In the paint industry, various raw materials are mixed in different proportions with petroleum for manufacturing different kinds of paints. One specific raw material is not readily and regularly available to the paint manufacturing companies. Bonler Paints Company is also facing this problem and because of this, there is a time lag between placing the order and the actual receipt of the material. But once it receives the raw materials, it takes less time in converting it into finished goods.
Identify the factor affecting the working capital requirements of this industry.
Concept: Factors Affecting Fixed and Working Capital Requirements
Answer the following question:
The Return on Investment (ROI) of a company ranges between 10 - 12% for the past three years. To finance its future fixed capital needs, it has the following options for borrowing debt:
Option ‘A’: Rate of interest 9%
Option ‘B’: Rate of interest 13%
Which source of debt, ‘Option A’ or ‘Option B’, is better? Give reasons in support of your answer. Also, state the concept being used in taking the decision.
Concept: Concept of Fixed and Working Capital
Explain the following as factor affecting the requirement of working capital:
Business cycle
Concept: Factors Affecting Fixed and Working Capital Requirements
Explain the following as a factor affecting the requirement of working capital:
Level of competition
Concept: Factors Affecting Fixed and Working Capital Requirements
List any three factors affecting the Working Capital requirement of a company.
Concept: Factors Affecting Fixed and Working Capital Requirements
State any four factors affecting the decision that determines the overall capital and the financial risk of the enterprise.
Concept: Concept of Capital Structure
State any three factors that determine the requirement of fixed capital of a company.
Concept: Factors Affecting Fixed and Working Capital Requirements
Answer the following question:
An investor wanted to incest RS. 20,000 in Treasury Bills for a period of 91 days. When he approached the Reserve Bank of India for this purpose he came to know that it was not possible.
Identify the reason why the investor could not invest in the Treasury Bill.
Concept: Concept of Financial Market >> Capital Market in India
Differentiate between 'capital-market' and 'money-market' on the basis of:
Safety;
Concept: Types of Financial Markets
Answer the following question:
Give the constitution of the District Consumer Disputes Redressal Forum under the Consumer Protection Act, 1986.
Concept: Consumer Protection Act 1986 (COPRA)
Explain the following rights of a consumer as provided under Consumers Protection Act 1986 :
Right to be informed;
Concept: Consumer Protection Act 1986 (COPRA)
Explain the following rights of a consumer as provided under Consumers Protection Act 1986
Right to seek redressal
Concept: Consumer Protection Act 1986 (COPRA)
