Organising — Business Studies STD 12 Commerce — Question

Define management.

Anshul owns a small scale factory where utility items are prepared from waste material like paper mache items, paper and cloth bags, decorative material etc. Over the past few weeks, he was observing that the productivity of one of his very efficient worker, Ramdas, is going down. So he decides to probe into the matter and confronts Ramdas one day. On being asked, Ramdas shares with Anshul that he has deliberately slowed down in his work as many of the less efficient workers often pull his leg saying that there is no need for him to be more efficient when everybody is being paid at the same rate. Taking a lesson from this insight, Anshul decides to implement an incentive bonus plan so as differentiate between efficient and inefficient workers.
In context of the above case :

1. Name and explain the incentive bonus plan that Anshul may implement so as differentiate between efficient and inefficient workers.
2. State any two values that Anshul wants to communicate to the society by setting up a special type of business.

How does the technique of ‘Time Study’ help to improve the efficiency of workers? Give any two points in support of your answer.

Explain any three reasons, which clarify that management is gaining importance day by day.

Name the type of formal communication in which two Departmental Heads communicate with each other. Give any two reasons why this type of communication is required.

'Investment criteria is one of the factors, which affect capital budgeting decision'. Comment.

Briefly state any three elements of ‘directing’.

"Primary Market directly contributes to capital formation, whereas, secondary market does so indirectly." Do you agree?

List any three Consumer Organisations/ NGOs in India.

Why is management considered a multi-faceted concept?