Podcast
Questions and Answers
What distinguishes E-Business from Traditional Business in terms of risk involved?
What distinguishes E-Business from Traditional Business in terms of risk involved?
- E-Business involves low risk due to personal interaction between parties
- Traditional Business involves low risk due to personal interaction between parties
- Traditional Business involves high risk due to lack of direct contact between parties
- E-Business involves high risk due to lack of direct contact between parties (correct)
What is a distinguishing factor between E-Business and Traditional Business regarding customer interaction?
What is a distinguishing factor between E-Business and Traditional Business regarding customer interaction?
- Neither E-Business nor Traditional Business involve face-to-face interaction
- E-Business lacks face-to-face interaction, unlike Traditional Business (correct)
- Both E-Business and Traditional Business involve face-to-face interaction
- Traditional Business lacks face-to-face interaction, unlike E-Business
What characterizes the area covered by E-Business compared to Traditional Business?
What characterizes the area covered by E-Business compared to Traditional Business?
- Neither E-Business nor Traditional Business have a global reach
- Both E-Business and Traditional Business have a global reach
- E-Business covers the entire world, while Traditional Business is limited to a specific area (correct)
- Traditional Business covers the entire world, while E-Business is limited to a specific area
Which statement accurately distinguishes between E-Commerce and E-Business in terms of meaning?
Which statement accurately distinguishes between E-Commerce and E-Business in terms of meaning?
How do E-Business and Traditional Business differ in terms of physical inspection of goods before purchase?
How do E-Business and Traditional Business differ in terms of physical inspection of goods before purchase?
Which aspect distinguishes between E-Business and Traditional Business regarding formation?
Which aspect distinguishes between E-Business and Traditional Business regarding formation?
In terms of resource focus, how do E-Business and Traditional Business differ?
In terms of resource focus, how do E-Business and Traditional Business differ?
What distinguishes the delivery of goods in E-Business from Traditional Business according to the provided text?
What distinguishes the delivery of goods in E-Business from Traditional Business according to the provided text?
'Formation of E-Business is easy to form' compared to Traditional Business because:
'Formation of E-Business is easy to form' compared to Traditional Business because:
Why does E-business lack face-to-face interaction with customers?
Why does E-business lack face-to-face interaction with customers?
Flashcards are hidden until you start studying
Study Notes
Management Functions
-
Planning
- Involves deciding what to do, how, when, and by whom to achieve goals.
- Sets objectives and selects means to achieve these objectives.
- Considers both internal and external factors.
-
Organizing
- Defines and groups activities within an organization to allocate resources effectively.
- Follows planning and sets the framework for executing tasks.
- Takes into account both internal and external factors for arranging resources.
-
Staffing
- Focuses on recruitment, selection, training, and development of employees.
- Aims to appoint the right people for the right positions at the right time.
- Primarily concerned with internal organizational factors.
-
Directing
- Involves instructing, guiding, inspiring, and motivating employees to reach goals.
- Ensures tasks are executed correctly and subordinates are directed efficiently.
- Relies on internal human resources for effective task completion.
-
Coordinating
- Establishes harmony among various activities toward achieving organizational goals.
- Important for ensuring smooth functioning and cooperation among different departments.
- Involves consideration of both internal dynamics and external interactions.
-
Controlling
- Monitors progress and ensures objectives are met according to plans.
- Involves corrective actions based on internal and external factors.
- Relevant across all organizational types, be it profit or non-profit.
Levels of Management
-
Top Management
- Primarily responsible for planning activities.
- Involved in high-level organizing and staffing functions.
-
Middle Management
- Engaged in organizing and directing functions.
- Plays a key role in staffing and coordinating efforts.
-
All Levels of Management
- Participate in coordinating functions.
- Top and middle management focus on controlling organizational activities.
Consumer Dispute Redressal Commissions
-
District Forum
- Operates at the district level.
- Established by the State Government to address consumer disputes.
-
State Commission
- Functions at the State level.
- Also established by the State Government for resolving consumer grievances.
-
National Commission
- Operates at the national level.
- Handles consumer disputes on a broader scale, overseeing the overall consumer rights protection framework.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
