Model Paper 3 — Business Studies STD 12 Commerce — Question

Taking corrective/ remedial action is the last step in the process of one of the functions of management.
Explain the other steps of the above-mentioned function.

Give the meaning of ‘Strategy’ and ‘Rule’ as types of plans.

Keeping in mind the emerging nature of the securities market in India, Securities and Exchange Board of India was entrusted with the twin task of both regulation and development of the securities market.
State any two regulatory and two development functions of it.

''All managers are leaders, but all leaders are not managers''. In the light of this statement differentiate between leadership and management.

Is management a 'Science'? Give any three reasons in support of your answer.

Jayant is working as Head Relationship Manager in the wealth management division of a private sector bank. He has created an internal environment which is conducive to an effective and efficient performance of his team of ten relationship management executive” A typical day at work in Jay ant’s life consists of a series of interrelated and continue functions. He decides the targets for his department which are in line with the objectives of the organization as a whole. The future course of action for his team members is laid out well in advance. The various resources required by the relationship managers like an iPad with GPS system, account opening forms, brochures, details of account holders etc. are made readily available to them. The executives are given sufficient authority to carry out the work assigned to them. Jayant works in close coordination with the Human Resource Manager in order to ensure that he is able to create and maintain a satisfactory and satisfied workforce in his department.Through constant guidance and motivation, Jayant inspires them to realise their full potential. He offers them various types of incentives from time to time keeping in view their diverse individual needs.Moreover, he keeps a close watch on their individual performances in order to ensure that they are in accordance with the standards set and takes corrective actions whenever needed.
In context of the above case :

1. Identify the concept being referred to in the following line, “He has created an internal environment which is conducive to an effective and efficient performance of his team of ten relationship management executives.”
2. Identify and describe the various functions of the concept as identified in part (a) of the question by quoting lines from the paragraph.

The workers of 'Vyam Ltd.' are unable to work on new and hi-tech machines imported by the company to fulfil the increased demand. Therefore, the workers are seeking extra guidance from the supervisor. The supervisor is overburdened with the frequent calls of workers. Suggest how the supervisor, by increasing the skills and knowledge of workers, can make them handle their work independently?Also, state any three benefits that the workers will derive by the decision of the supervisor.

What is micro environment? Explain any four components of it.

Explain The following ‘Rights’ of consumers:

1. Right to be Heard.
2. Right to seek Redressal.

The directors of Lavanya Ltd. have decided to expand the business activities by increasing the stock of raw materials and finished goods at an estimated cost of ₹ 50 lakhs. As a finance manager of the company, advise the directors about the methods open to the company to raise necessary finance for this purpose.