Business Studie...

There are two statements marked as Assertion (A) and Reason (R). Read the statements and choose the appropriate option from the options given below.

Assertion (A): Managers need to be given some flexibility to be able to cope with the changed circumstances.

Reason (R): Planning reduces creativity.

The cost of production increased due to increase in minimum wage rate by government is an economic dimension.

Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes.Identify the point of importance of business environment with appropriate actions reflected in the above case.

Which of the following is not a step in the process of planning?

Which of the following is not an importance of delegation of authority?

A company has been registered under the Companies Act with an authorised share capital of ₹ 20,000 crore.

Its registered office is situated in Delhi and manufacturing unit in a backward district of Rajasthan. Its marketing department is situated in Bhopal. The company is manufacturing Fast Moving Consumer Goods (FMCG). Which type of organisation structure would suit the requirements of the company?

_______ cannot be delegated.

An Indian information technology company, presently employing 10,000 people, desires to expand its business in manufacturing, trading, etc. It wants to become a global company. To achieve its objectives, it started shifting from a centralised to a decentralised management system. Identify the management function being performed by the company to become a decentralised company.

“It refers to the systematic delegation of authority from top management to the lower level managers”. Mention it.

Once departments have been formed, each of them is placed under the charge of General Manager.