Business And Management Concepts

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.