(a) Function: Organizing Explanation:
1. Key Activities: - "Work was identified and grouped" → Division of work - "Duties were assigned" → Responsibility allocation - "Establishment of clear relationships" → Authority structure
2. Process Steps: - Identification of activities (infrastructure, security etc.) - Departmentalization (functional grouping) - Assignment of duties (job descriptions) - Establishing reporting relationships (hierarchy)
3. Outcome: - Created operational framework for summit - Enabled multi-agency coordination (MHA, MEA, local bodies)
(b) Importance Points:
1. Clarity in Roles: - Prevents duplication/omission - Example: Separate teams for protocol and security
2. Optimal Resource Use: - Specialization increases efficiency - Case: Dedicated beautification crew with horticulture experts
3. Effective Coordination: - Clear hierarchy enabled quick decisions - Essential for time-bound mega-events
4. Scalability: - Structure allowed incorporating 10,000+ temporary staff - Supported both central and state-level operations
Rupal, Shanu and Trisha were partners in a firm sharing profits and losses in the ratio of 4:3:1. Their Balance Sheet as at 31st March, 2024 was as follows:
(i) Trisha's share of profit was entirely taken by Shanu.
(ii) Fixed assets were found to be undervalued by Rs 2,40,000.
(iii) Stock was revalued at Rs 2,00,000.
(iv) Goodwill of the firm was valued at Rs 8,00,000 on Trisha's retirement.
(v) The total capital of the new firm was fixed at Rs 16,00,000 which was adjusted according to the new profit sharing ratio of the partners. For this necessary cash was paid off or brought in by the partners as the case may be.
Prepare Revaluation Account and Partners' Capital Accounts.
On the basis of the following hypothetical data, calculate the percentage change in Real Gross Domestic Product (GDP) in the year 2022 – 23, using 2020 – 21 as the base year.
Year | Nominal GDP | Nominal GDP (Adjusted to Base Year Price) |
2020–21 | 3,000 | 5,000 |
2022–23 | 4,000 | 6,000 |