Organising — Business Studies STD 12 Commerce — Question

Explain briefly ‘Initiative’ and ‘Esprit de Corps’ as principles of general management.

Explain any three features of ‘Planning.’

State any three factors that determine the requirements of working capital of a company.

Bhuvan, Rishabh and Piyush have decided to start a business of manufacturing toys. They identified the following main activities which they have to perform. • Purchase of raw material

• Purchase of machinery.
• Production of toys.
• Arrangement of finance.
• Sale of toys.
• Selection of employees.

In order to facilitate the work, they thought that four managers should be appointed to look after production, finance, marketing and personnel.

1. Identify the function of management involved in the above para.
2. Quote the lines from the above para which helps you to identify this function.
3. State the steps followed in this process.

Owing to the increased workload after demonetisation, the income tax employees of Karnataka and Goa region had urged the centre to increase manpower of the I-T department by filling up 35% vacancies which were lying vaccant. As there were confirmed reports about misuse of bank accounts, foreign exchange mechanism, gold purchases and adoption of various other dubious means for investing the unaccounted cash.
In context of the above case :

1. Identify and explain the function of management being discussed in the above lines.
2. Identify and explain the particular step related to the function of management as identified in part (1) of the question which has already been performed. Also, state the next three steps to be performed after this step.

What is directing? Name the elements of directing.

Explain how principles of management:
Help in optimum utilisation of resources and effective administration.

Mr. Nitin Singhania’s father has a good business of iron and steel. He wants to go to the USA for his MBA but his father thinks that he should join the business. On the basis of emerging- trends, do you think that Mr. Singhania should send his son to the USA? Give any three reasons in support of your answer.

How does organising help in coordination and adaptation?

Microgarments Ltd. is dealing in export of garments. The performance of the company has been upto the expectations in the past. Keeping up with the latest technology, the company decided to upgrade their machinery. For this, the Finance Manager, David, estimated the quantitative requirements of funds and their timings. This will help him in linking the investment and the financing decisions on a continuous basis.
So, he began with the preparation of a sales forecast for the next four years. He also collected all possible data about the profit estimates in the coming years. By doing this he wanted to be sure about the availability of funds within the business. For the remaining funds he is trying to find out the viable sources from outside.
Identify the financial concept discussed in the above para. Also, state the objectives to be fulfilled by the financial concept, so identified.