Management and Business Environment-Business Environment (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Business-Studies): Questions 10 - 17 of 34

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Question number: 10

» Management and Business Environment » Business Environment

Appeared in Year: 2010

Essay Question▾

Describe in Detail

Explain the process of selection of employees.

Explanation

Process of selection is given and represent in graphically

The process of selection of employee

The Process of Selection of Employee

This image is of the process of selection of employee

In this diagrams,

(1) Screening: - In first step if candidates are not fulfilling the criteria and qualification required for job they are eliminated. In

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Question number: 11

» Management and Business Environment » Business Environment

Appeared in Year: 2010

Essay Question▾

Describe in Detail

Is ‘management’ a full-fledged ‘profession’? Give any three reasons in support of your answer?

Explanation

Yes, management is full-fledged profession. Its reason is given below:

(1) Systemized knowledge: - Management has systemized and it is based on some principles developed with experimentation. This knowledge is managed and attained by some colleges, institutes. For example Indian institute of management so, we can say same profession and

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Question number: 12

» Management and Business Environment » Business Environment

Appeared in Year: 2007

Short Answer Question▾

Write in Short

What role does social environment play in the business?

Question number: 13

» Management and Business Environment » Business Environment

Appeared in Year: 2010

Essay Question▾

Describe in Detail

Ayesha Ltd. , assured their employees that in spite of recession no worker will be retrenched from the job.

(i) Name and explain the type of incentive offered to the employees.

(ii) Explain one more incentive of the same category.

Explanation

(i) The incentive is job security and It is a non-financial

Incentive that abilities the employees a secure job. The employees

Assume extent of security about their association with the organization.

So, job security motivates the employees to put more effort into their work.

(ii) Non-financial incentive is position. Authority

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Question number: 14

» Management and Business Environment » Business Environment

Essay Question▾

Describe in Detail

Differentiate between ’management’ and ’administration’.

Explanation

Differentiate between management and administration.

In detail Differentiate between management and administration.

Characteristics

Management

Administration

Definition

It is concerned with formulation of plans, policies and objectives.

It is concerned with implementation of plans and policies.

Function

It is thinking function.

It is doing function.

Level management

Top level management.

Middle

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Question number: 15

» Management and Business Environment » Business Environment

Appeared in Year: 2010

Short Answer Question▾

Write in Short

“ Cost of debt” is lower than the cost of “Equity share capital”. Give reason why even then a company cannot work only with the debt.

Question number: 16

» Management and Business Environment » Business Environment

Appeared in Year: 2011

Essay Question▾

Describe in Detail

“Management is regarded as an Art by some, as Science or as an inexact Science by others. The truth seems to be somewhere in between. ” In the light of this statement explain the true nature of management.

Explanation

Following points are nature of management as art and science.

  • Management as an art: - Management satisfies following points called an art.

(1) Existing literature: - Music and dance possess defined body of knowledge and literature. Management theories and principles have been developed.

(2) Dynamic application: - Art contract with

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Question number: 17

» Management and Business Environment » Business Environment

Appeared in Year: 2010

Essay Question▾

Describe in Detail

“Managerial functions cannot be carried out without an efficient system of communication. ” Do you agree with this statement? Give any four reasons in support of your answer.

Explanation

Yes, Managerial functions cannot be carried out without an efficient system of communication. Its reason is given below: -

(1) Good communication helps achieve coordination: - Good communication organizes the activities of various departments and individuals in an organization. It is because of good and efficient communication that the goals

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