Business Studies

The structure of a group at the point where it is fully functional and accepted is to be called _____________.


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Single Correct Medium Published on 18th 09, 2020
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Realted Questions

Q1 Single Correct Medium
The advantage of functional system is that
  • A. It ensures division of labour
  • B. It ensures specialization based on individual proficiency and specialized knowledge
  • C. Authority and responsibility often overlap and good deal of friction results.
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Q2 Single Correct Medium
Grouping of activities on the basis of product lines is a part of ____________.
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Q3 Single Correct Medium
A distinct characteristic of a product that provides a firm an exclusive and inimitable preserve that is long lasting and can't be easily copied by competitors is known as ___________.
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Q4 Single Correct Medium
The line organization system can be successfully utilized:
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Q5 Subjective Medium
Bhuvan, Rishab and Piyush 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 para which help you in identifying this function.
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Asked in: Business Studies - Organising


1 Verified Answer | Published on 18th 09, 2020

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