TN State Board 12th Commerce Question Paper 2021

Advertisement is an external source of recruitment because it involves reaching out to candidates outside the organization through newspapers, professional journals, or online job portals. Internal sources include promotion, transfer, or internal job postings, while outsourcing refers to hiring third-party service providers, and 'Agent' is not a standard category for recruitment source classification.

Human resources (the skills, knowledge, and experience of employees) are classified as intangible assets because they lack physical substance but provide long-term economic value to the organization. They are not 'fixed' or 'current' in the accounting sense of physical balance sheet assets, and they are definitely not tangible.

The New Economic Policy (NEP) in India was introduced in 1991 under the leadership of Prime Minister P.V. Narasimha Rao and Finance Minister Manmohan Singh to initiate liberalization, privatization, and globalization (LPG) reforms. The other years are not related to this policy milestone.

Frederick Winslow Taylor is widely recognized as the 'Father of Scientific Management.' Henry Fayol is known for the 14 principles of management (General Management), while Elton Mayo is famous for the Hawthorne studies and the Human Relations approach.

Ralph Nader is globally recognized as the father of the consumer movement. His book 'Unsafe at Any Speed' brought significant attention to consumer safety, leading to the institutionalization of consumer rights. The others listed are political figures who may have supported consumerism but are not the originators of the movement.