Question

6
Ali has a diamond factory. He pays
his employees on the 1st of every
month.
1
000
(a) Creates a new product
(b) Manages the business
(c) Takes risk​

Answer 1

Such an act comes under (b) Manages the business.

• Management of a business has various procedures and steps which are important to run an effective business.
• Management includes factors such as assessing the progress made by a company, managing the workload on the employees, managing the pay checks of the employees as well as payment for the resources being taken if any.
• Hence, managing a business an paying employees on the 1st of every month comes under (b) Manages the business category.
• Other options, such as takes risk is not correct as paying the employees is not a risk.

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Answer 2

Paying the employees on the $1^{st}$ of every month comes under the category of Managing the business.

The correct option is (b) Manages the business.

Any work that is related to actions taken by the owner of the company such as paying the salaries on time, increments, incentives comes under "Managing the business". As if the owner takes care of the employees then the employees will serve the company with their full potential and then the business gets developed more.

This is called managing the business by making the employees to work more effectively instead of making them to leave the company/factory.

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