Business Studies

Four Mark Question:
Aman, Avneesh and Amrish have decided to start a business of manufacturing toys. They identified the following main activities which they have to perform: (i) Purchase of raw materials, (ii) Purchase of machinery, (iii) Production of toys, (iv) Arrangement of finance, (v) Sale of toys, (vi) Identifying the areas where they can sell their toys, (vii) Selection of employees.
In order to facilitate the work they thought, that four managers should be appointed to look after (a) Production, (b) Finance, (c) Marketing, (d) Personnel.
A. Identify the function of management involved in the above-mentioned para.
B. Quote the lines from the above pars which help you in identifying this function.
C. State the steps followed in the process of this function of management. 


SOLUTION
A. Divisional structure
B.  facilitate the work they thought, that four managers should be appointed to look after (a) Production, (b) Finance, (c) Marketing, (d) Personnel
C. (i) Purchase of raw materials,
 (ii) Purchase of machinery,
 (iii) Production of toys,
 (iv) The arrangement of finance,
 (v) Sale of toys,
 (vi) Identifying the areas where they can sell their toys,
 (vii) Selection of employees.
View Full Answer

Its FREE, you're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Subjective Medium Published on 18th 09, 2020
Next Question
Questions 203525
Subjects 9
Chapters 126
Enrolled Students 125
Enroll Now For FREE

Realted Questions

Q1 Subjective Medium
A Manager increased the production target from 500 units to 700 units per month but the authority to draw raw material was not given by him. The employees were not able to meet the new target. Who should be held responsible for this and which principle has been violated here? Explain. 

Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

View Answer
Q2 Single Correct Medium
More clear the line of authority from the top manager in an enterprise to every subordinate position; the more effective will be the responsible decision-making and organization communication. This is __________ principle of delegation.
  • A. Principle of unity of command
  • B. Exception principle
  • C. Clarity of delegation
  • D. Scalar principle

Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

View Answer
Q3 Single Correct Medium
Which form of departmentalization would be most appropriate in companies that have distinctly different product lines?
  • A. Functional departmentalization
  • B. Customer departmentalization
  • C. Geographical departmentalization
  • D. Product departmentalization

Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

View Answer
Q4 Subjective Medium
Long Answer Type Question:
How does informal organisation support the formal organisation? 

Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

View Answer
Q5 Single Correct Medium
According to "principle of unity of command ".
  • A. In order to make any direction effective, the leader should have respect for the opinion and views of his followers.
  • B. Organization should devise and introduce effective measures to reconcile the conflicting interests.
  • C. Manager should conduct periodic audit of the organization and user summarized charts.
  • D. Any endavour in directing if it is accompaied by personal touch

Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

View Answer