Staffing — Business Studies STD 12 Commerce — Question

Upasana works as a plant superintendent in a carpet making factory. In order to complete the export orders on time, the production manager asks her to make the workers work over time whereas the finance manager is strictly against this practice because it will increase the cost of production. Moreover, Upasana feels that since the company is manufacturing handmade carpets as well as machine made carpets, there is a lot of overlapping of activities. Therefore, there should be two separate divisions for both of them wherein each division should have its own incharge, plans and execution resources.

1. Identify the principle of management which is being violated.
2. Also identify the principle of management that Upasana feels should be implemented in the factory.

What does truly globalised economy signify?

Explain any three points of importance of consumer protection from the point of view of business.

What is capital budgeting?

Postage stamps have been unveiled to commemorate 140 years of existence of the country’s first stock exchange the Bombay Stock Exchange (BSE). The setting up of BSE is considered to be the greatest revolution that took place in the financial markets in India as it acts as a key driver for economic growth of a country. This is due to the fact that there exists a strong corelation between economic growth and capital accumulation.
In the context of the above case :

1. Identify the dimension of business environment of India being referred here.
2. State any three factors which broadly affect the dimension of business environment of India as identified in part (a) of the question.

ABC Ltd. is a renowned company in Kirti Nagar market of Delhi for manufacturing quality furniture. From last 20 years, ABC Ltd. has occupied the No. 1 position in the market. It also specialised in imported furniture besides domestic one. It manufactures for both commercial and residential/ domestic use. For this, company has hired two managers one each for commercial department and residential department.
Mr. Sharma, who is the incharge of manufacturing furniture for commercial purpose, got the target of manufacturing 100 pieces of office tables from a corporate house. To achieve this target, Mr. Sharma has to operate on double shifts due to power failure most of the time. He is able to manufacture 100 pieces of office tables but at a higher production cost.
Whereas, Mr. Gupta, who is the incharge of manufacturing furniture for residential/ domestic use, got the target of manufacturing 50 double beds for one Ashram in Vrindavan. Mr. Gupta concentrated more on manufacturing beds with fewer resources (i.e., cutting down the cost of production) due to which he could not achieve his target.

1. From the two, which manager is effective but not efficient? Why?
2. Name the manager who is efficient but not effective. Give reason also.
3. What should be the ideal aim of managers in given situations?

With a suitable example, define how management is an intangible force.

'Controlling is a pervasive function'. Explain.

In an organisation all the employees take things easy and are free to approach anyone for minor queries and problems. This has resulted in everyone taking to each other and thus resulting in inefficiency in the office. It has also resulted in loss of secrecy and confidential information being leaked out. What system do you think the manager should adopt to improve communication.

Which main standards are used in various functional areas?