NIOS Class 12 Employability Skills Chapter 17 Know Your Business Processes

NIOS Class 12 Employability Skills Chapter 17 Know Your Business Processes Solutions English Medium As Per New Syllabus to each chapter is provided in the list so that you can easily browse throughout different chapters NIOS Class 12 Employability Skills Chapter 17 Know Your Business Processes Notes and select need one. NIOS Class 12 Employability Skills Chapter 17 Know Your Business Processes Question Answers Download PDF. NIOS Study Material of Class 12 Employability Skills Notes Paper Code: 350.

NIOS Class 12 Employability Skills Chapter 17 Know Your Business Processes

Also, you can read the NIOS book online in these sections Solutions by Expert Teachers as per National Institute of Open Schooling (NIOS) Book guidelines. These solutions are part of NIOS All Subject Solutions. Here we have given NIOS Class 12 Employability Skills Solutions in English, NIOS Senior Secondary Course Employability Skills Notes in English Medium for All Chapter, You can practice these here.

Know Your Business Processes

Chapter: 17

Module – IV: Be Your Own Boss

INTEXT QUESTIONS 17.1 

1. State whether the following statements are true or false. 

(i) Capital refers to human resources, which are employed in a business. 

Ans: False.

(ii) Core values are the fundamental beliefs of an organization. 

Ans: True.

(iii) Mission statement depicts the company’s aspiration for the future position of the company.

Ans: False.

INTEXT QUESTIONS 17.2 

1. Fill in the blanks with appropriate words: 

(i) Workdays, paydays and pay advances, sick days and personal leave are examples of _______________ Policies.

Ans: HR.

(ii) CSR stands for ________________.

Ans: Corporate Social Responsibility.

(iii) Development is a ______________ concept focused on personality development.

Ans: Broader.

INTEXT QUESTIONS 17.3 

1. State whether the following statements are true or false. 

(i) USP stands for unique Selling Price. 

Ans: False.

(ii) MIS stands for Marketing Information System. 

Ans: False.

(iii) Productivity= output/inputs.

Ans: True.

TERMINAL QUESTIONS

1. What should be the characteristics of a vision statement? 

Ans: Vision of an organization is the big picture of what the company wants to achieve. This is described by one or more statements called vision statements. It outlines what a company wants to be in future. Vision statement makes the beliefs of your organization clear to society, staff and customers. 

Vision statement should be: 

(i) Easy to communicate – for example, short enough to fit on a T-shirt.

(ii) Easy to understand.

(iii) Shared by your user base.

(iv) Broad enough to include variety of local perspectives.

(v) Inspiring.

(vi) Ambitious.

(vii) Realistic.

2. Differentiate between vision and mission statement. 

Ans:

Vision Statement	Mission Statement
Vision of an organization is the big picture of what the company wants to achieve. This is described by one or more statements called vision statements. It outlines what a company wants to be in future. Vision statement makes  the beliefs of your organization clear to society, staff and customers.	Mission statement describes what a company wants to do now. It focuses on the present. It defines customer(s), critical processes and informs you about the desired level of performance. A good organization must have a clearly defined mission statement. Mission statements are more concrete and more “action-oriented” than vision statements.