Ask questions which are clear, concise and easy to understand.
Ask QuestionPosted by Juhi Ray 5 years, 3 months ago
- 3 answers
Miss Mor 5 years, 3 months ago
Anshul Pandey 5 years, 3 months ago
Posted by Raghu Krishnaveni 5 years, 3 months ago
- 1 answers
Gaurav Seth 5 years, 3 months ago
| Meaning | Functional Structure is one in which the reporting relationships of the organization are bifurcated according to their functional area. | An organizational structure wherein the organizational functions are classified into divisions as per product or service lines , market, is called Divisional Structure. |
| Basis | Functional areas | Specialized divisions |
| Responsibility | Difficult to fix responsibility on a particular department. | Easy to fix responsibility for performance. |
| Autonomy of decisions | Managers do not have autonomy of decisions. | Managers have autonomy of decisions. |
| Cost | Economical, as the functions are not repeated. | Expensive as it involves repeatation of resources. |
| Appropriate for | Small and simple organizations. | Large and dynamic organizations. |
Posted by Soundarya Soundarya 5 years, 3 months ago
- 2 answers
Preet Kaur 5 years, 3 months ago
Posted by Neha Joshi 5 years, 3 months ago
- 0 answers
Posted by R K 5 years, 3 months ago
- 1 answers
Sia ? 5 years, 3 months ago
You can check the marking scheme here : https://mycbseguide.com/cbse-syllabus.html
Posted by Paru Mother 5 years, 3 months ago
- 2 answers
Posted by Rohit Uniyal 5 years, 3 months ago
- 3 answers
Posted by Daud Qadri 5 years, 3 months ago
- 0 answers
Posted by Tushar Chouhan 5 years, 3 months ago
- 2 answers
Srishti Tuli 5 years, 3 months ago
Rimmi Raj 5 years, 3 months ago
Posted by Ankita Ankita 5 years, 3 months ago
- 1 answers
Sia ? 5 years, 3 months ago
Business ethics can be defined as the code of conduct that a business must follow, such that it takes up only those activities that are desirable from the viewpoint of society. The purpose of business ethics is to guide managers and other employees in an organisation in performing their jobs in a manner that is socially acceptable.
In other words, business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.
For example, Company XYZ sells cereals with all-natural ingredients. The marketing department wants to use the all-natural ingredients as a selling point, but it must temper enthusiasm for the product versus the laws that govern labelling practices.
Business ethics should be followed in the day-to-day working of a business enterprise. The following are some of the elements of business ethics.
- Commitment by top management: Top-level officers, such as the CEO's and other higher-level managers, must sincerely follow the ethical code of conduct. They should also guide other employees in their organisation in adopting the code.
- Publication of a 'code': An enterprise must clearly define the ethical code of conduct to be followed in the organisation. The code should include quality standards for work, laws governing production and employee's health and safety standards.
- Establishment of compliance mechanism: In addition to setting performance standards, an enterprise must also devise a mechanism through which it can measure the actions of individual employees.
- Involvement of employees at all levels: The successful implementation of ethical standards depends to a large extent on the involvement of employees at different levels. This is because it is the employees who actually implement ethical codes.
- Measurement of results: Although it is difficult to measure the end results of the implementation of ethical standards, the top management should take steps to monitor compliance.
Posted by Preet Kaur 5 years, 3 months ago
- 4 answers
Sukhdeep Kaur ❤ 5 years, 3 months ago
Anshu Sehrawat 5 years, 3 months ago
Miss Mor 5 years, 3 months ago
Miss Mor 5 years, 3 months ago
Posted by Vishal Yadav 5 years, 3 months ago
- 1 answers
Miss Mor 5 years, 3 months ago
Posted by Vishal Yadav 5 years, 3 months ago
- 0 answers
Posted by Ritika Malik 5 years, 3 months ago
- 1 answers
Yogita Ingle 5 years, 3 months ago
The responsibility of an inspector is to make sure that the workers meet the desired standards of quality in the output produced by them. Quality standards are supervised by him/her in the functional foremanship, and he/she provides performance feedback and suggestions to the workers.
Posted by Ahsjsh Dbdnsj 5 years, 3 months ago
- 1 answers
Posted by Alok Jaiswal 5 years, 3 months ago
- 0 answers
Posted by Aaid Jainism 5 years, 3 months ago
- 0 answers
Posted by Sarthak Tayal 5 years, 3 months ago
- 7 answers
Posted by Roshni Kumari 5 years, 3 months ago
- 1 answers
Aayushi Narang 5 years, 3 months ago
Posted by Ayush Kumar 5 years, 3 months ago
- 0 answers
Posted by Ayush Kumar 5 years, 3 months ago
- 0 answers
Posted by Sweta Nath 5 years, 3 months ago
- 2 answers
Sweta Nath 5 years, 3 months ago
Posted by Yag Ki 5 years, 3 months ago
- 1 answers
Gaurav Seth 5 years, 3 months ago
Management creates dynamic organisationas an organisation interacts with external environment comprising of forces such as social, political and economic. Changes in these external forces affect the functioning of the organisation. Management helps an organization to adapt to the changing environment.
Posted by Neeraj Patel 5 years, 3 months ago
- 0 answers
Posted by Diksha Parashar 5 years, 3 months ago
- 1 answers
Posted by Gurpinder Singh Singh 5 years, 3 months ago
- 1 answers
Sia ? 3 years, 4 months ago
The Money Market
The money market is a good place for individuals, banks, other companies, and governments to park cash for a short period of time, usually one year or less. It exists so that businesses and governments that need cash to operate can get it quickly at a reasonable cost, and so that businesses that have more cash than they need can put it to use.
Primary Market
The primary market refers to the market where securities are created, while the secondary market is one in which they are traded among investors. Various types of issues made by the corporation are a Public issue, Offer for Sale, Right Issue, Bonus Issue, Issue of IDR, etc. The company that brings the IPO is known as the issuer, and the process is regarded as a public issue. The process includes many investment banks and underwriters through which the shares, debentures and bonds can directly be sold to the investors.
For example, company XYZ Inc. hires four underwriting firms to determine the financial details of its IPO. The underwriters detail that the issue price of the stock will be $20. Investors can then buy the IPO at this price directly from the issuing company. This is the first opportunity that investors have to contribute capital to a company through the purchase of its stock. A company’s equity capital is comprised of the funds generated by the sale of stock on the primary market.
Posted by Palak Singla 5 years, 3 months ago
- 2 answers
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Juhi Ray 5 years, 2 months ago
0Thank You