A-AS Level (CIE) Business Studies Paper-1: Specimen Questions with Answers 42 - 44 of 50

Question 42

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What are the principles of delegation?

Explanation

Principles of Delegation

  • Delegation by results expected from delegate.
  • Functional definition clearly stating the tasks from delegates.
  • Scalar principle makes the line of authority clear.
  • Principle of authority allows the delegates to use their judgement and decision-making capacities finding an appropriate way to show results freely.
  • Principle of unity of command states that an employee should made accountable to only one superior.

Question 43

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Distinguish between random sampling and non-random sampling

Explanation

Distinguish between Random Sampling and Non-Random Sampling
S. No.Random SamplingNon-Random Sampling
1Items are selected on the will of the investigator.Selection of items is at random and not determined by the investigator
2It is highly prone to investigators biases.It is free from biases of the investigator
3In this device errors are cumulativeIn this device errors are compensatory
4Suitable for population having homogeneous items.It is suitable for various types of population.

Question 44

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Distinguish between public limited and private limited companies

Explanation

Distinguish between Public Limited and Private Limited Companies
S. No.Private limitedPublic Limited
1.It can issue shares to closed group of personsIt can issue shares to public at large
2.There must be minimum 2 shareholdersThere must be minimum 7 shareholders
3.Number of shareholders cannot exceed 200There can be unlimited number of shareholders
4.It has less compliancesIt has more compliances
5.Shares cannot be transferred easilyShares can be transferred easily

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