Question number 8

Question number 8 : In sun Ltd.. has the goal ofrnaximising his salary, but the goal 0 the organisation is to maximise output at cornpetitive cost. There was som conflict on this for a while. Eventually, the organisation's interest was give priority over the employees' interest. Name the principle related to the situation. Give two examples ofexternal premises ofplanning. (l Easy finance facilities by financiers and banks have considerably increased demand for cars. Identity the type ofenvironment highlighted in the given statement. State the essence of Authority. (l Name the factor which requires an organisation to change its Structure with thi change in business environment. Mera Bharat Mahan Ltd. is a company manufacturing Khadi garments. Whil preparing its plan, the management Of the company takes into consideration th prevailing business environment. It constantly adapts to the changing by making changes in its plan. However, it becomes very difficult for tl management of the company to accurately foresee future trends in tl environment. Competition in the market upsets its financial plans; the sales have to be revised and accordingly cash budgets also need to be adjusted Sin they are based on sales figures. a) Nameand explain the in the above ca (b) Identify and explain the two types of plans mentioned in the abovecase quoting lines from it. Mr. Naman, the finance manager, was busy preparing his presentation for a when his secretary. Yash, came and requested him to sanction an advance as his son was very ill. Due to his preoccupation, Mr, Naman did not bother

Dear student,

7) Business operates in an environment which is dynamic, i.e it keeps on changing, it requires an organisation to change its structure with change in environment

8) i) The limitation of planning highlighted above is: Planning lack flexibility to deal with dynamic environment.

ii) The two plans are:
Strategy: it refers to determining long term objectives and allocating necessary resources to achieve the same.
Budget: It refers to numerically expressed financial statements that defines target to be achieved.

Regards
 

  • -3
What are you looking for?