Question

Answer in one word / sentence: 

(i) Selection is which type of process? 
(ii) What is the first step of controlling? 
(iii) Fixed capital means investment in which type of assets? 
(iv) Secondary market is also called as - 
(v) Who controls the security market? 
(vi) The products which are used to produce other goods are called as - 
(vii) When was Consumer Protection Act implemented? 
 

Hint:

Always remember that in business terminology, terms like 'capital goods', 'secondary market', and 'recruitment' have specific definitions crucial for understanding organizational processes.

Answer 1

Step 1: Answering each question.
(i) Selection is a process of recruitment.
(ii) The first step of controlling is establishing standards.
(iii) Fixed capital means investment in long-term assets.
(iv) Secondary market is also called stock market.
(v) SEBI (Securities and Exchange Board of India) controls the security market.
(vi) The products which are used to produce other goods are called capital goods.
(vii) Consumer Protection Act was implemented in 1986.

Step 2: Conclusion.
The answers have been provided for each question based on general business and management knowledge.