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XII : Business studies

COORDINATION MEANING OF COORDINATION (1) COORDINATION REFERS TO  : Synchronization of various activities and efforts of • all individuals, • groups • departments in common direction to achieve the goals of the organization. (2) LACK OF COORDINATION RESULTS IN  : • overlapping, • duplication of efforts, • delay in work and chaos. (3) COORDINATION ENSURES THAT  : • right person is assigned right job, • right job is performed at the right time, • right product/service is delivered to the customer at the right time Features of coordination Coordination is the integration, unification, synchronization of the efforts of the departments to provide unity of action for pursuing common goals. A force that binds all the other functions of management. The management of an organization endeavours to achieve optimum coordination through its basic functions of planning, organizing, staffing, directing, and controlling. Therefore, coordination is not a separate fu...
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XII : Principles of management

Chapter 12 Consumer Protection Which consumer right gives the business firm freedom to set up their own consumer service and grievance cell? Ahmed wants to buy an iron. As an aware customer how can he be sure about the quality of iron? Mohit filed a case against ‘Domestic Cooling ltd.’ in the ‘District Forum’, but was not satisfied with the orders of the District Forum. Where can he appeal further against the decisions of District Forum? Ram wants to buy ghee. How can he check the quality of product? Amrit filed a case against ‘Volvo Ltd.’ in the ‘State Commission’. But he was not satisfied with the orders of the ‘State Commission’. Name the authority to which he can appeal against the decisions of ‘State Commission’. Can a consumer file complaint in consumer court without having cash memo? Name any two consumer rights. List any three consumer organizations in India . Who is a consumer? Why is consumer protection requi...
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class XI : Forms of business organisations

Forms of business organizations Q1Define Prospectus.                                                                                                 Q2   If registration is optional ,why do partnership firms willingly go through this legal formality and get themselves registered? List any two points.                                   Q3Di...
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Class XI : Chapter : Nature and Purpose of business

Chapter : Nature and Purpose of business Q1 Name the economic activity in which specialized knowledge is required.             Q2 Name the industries which provide support services to other industries.                                                                                                            Q3   ‘Rearing of cattle for milk’   is what type of industry ?       ...
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Class XII : Principles of management

Chapter -2 PRINCIPLES OF   MANAGEMENT   1.        How are principles of management formed?                                                                                            2.          Why is it said that the principles of management are universal flexible?                         3           Wh...
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Principles of management

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Practice Questions

Q1 Give the meaning of ‘Financial leverage.'. Q2 Isha Machines was a renowned name for quality sewing machines since 1960. Mr. Suresh, the owner of Isha Machines, was worried as the production had declined during the last three months. He directed the Production Manager to find out the reason. The Production Manager ordered the different supervisors to prepare a performance report of the workers working under them. Identify the step taken by the Production Manager that is related to one of the functions of management. Q3 What is meant by ‘Capital Structure’ ? Q4 Sika Ltd., a reputed industrial machines manufacturer, needs Rupees twenty crores as additional capital to expand the business. Mr. Amit Joshi, the Chief Executive Officer (CEO) of the company wants to raise funds through equity. The Finance Manager, Mr. Narinder Singh, suggested that the shares may be sold to investing public through intermediaries, as the same will be less expensive.Name the method through which t...
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