Nature and Significance of Management — Business Studies STD 12 Commerce — Question

‘Aapka Vidyalaya’ believes in the holistic development of students and encourages team building through a mix of curricular, co-curricular and sports activities. On its Founder’s Day, a stage performance had to be put up. A committee of ten prefects was constituted to plan different aspects of the function. They all decided to use recycled paper for decoration. There was a spirit of unity and harmony and all the members supported each other. With mutual trust and a sense of belonging, the programme was systematically planned and executed. Kartik, one of the prefects, realised that the group had unknowingly applied one of the principles of management while planning and executing the programme. He was so inspired by the success of this function that he asked his father to apply the same principle in his business. His father replied that he was already using this principle.

1. Identify the principle of management applied for the success of the programme.
2. State any two features of management highlighted in the above paragraph.
3. Identify any two values which ‘Aapka Vidyalaya’ communicated to society.

Define Business Environment. State any three of its features.

State any three features of a good brand name.

Identify the type of dimension of environment to the following are related:

‘An effort to control everything may end up in controlling nothing.’ Explain.

Nikita and Salman completed their MBA and started working in a multi-national company at the same level. Both are working hard and are happy with their employers. Salman had the habit of backbiting and wrong reporting about his colleagues to impress his boss. All the employees in the organisation knew about it. At the time of performance appraisal, the performance of Nikita was judged better than Salman.
Even then their boss, Mohammad Sharif decided to promote Salman stating that being a female, Nikita will not be able to handle the complications of a higher post.
(i) Identify and explain the principle of management, which was not followed by this multi-national company.
(ii) Identify the values, which are being ignored quoting the lines from the above para.

Anmol, the sales manager of PQR Ltd., is given the responsibility of selling 2,000 LEDs in a month. This target could be achieved if he has a sales team of 10 people. Presently, only 8 persons are working under him. He was not allowed to hire more persons by his superiors. As a result, he fails to meet the target.

1. Which principle is being violated here?
2. Explain the above principle.

Enumerate any six points of the characteristics of coordination.

Explain the following rights of a consumer as provided under Consumer Protection Act 1986:Right to Consumer Education.

Illustrate the principle of 'stability of tenure' through a suitable example.