Model Paper 3 — Business Studies STD 12 Commerce — Question

People take example of MONA TONA Co. which is engaged in manufacturing different varieties of biscuits for its work environment. The company has earned an amount of ₹ 80 crores in the last financial year, out of which management is planning to share ₹ 10 crores with its workers. Its sugar coated biscuits are famous both in country as well as abroad. People of every age like their products. Workers are also giving their 100% to embrace change for the good of the company. Also, there is an almost equal division of work and responsibility between workers and management. All the day long, the management works almost side by side with the workers by helping, encouraging and smoothing the way for them.

1. Name the principles of scientific management discussed above.
2. Explain any two techniques of scientific management.

Atul-The Assistant Manager, Vikas-the Marketing Head and Leena-The Human Resource Manager of ‘Montac Enterprises Ltd.’ decided to leave the company.
The Chief Executive Officer of the company called the Human Resource Manager, Leena and requested her to fill up the vacancies before leaving the organisation. Leena suggested that her subordinate Miss Rama Wadhwa is very competent and trustworthy, if she could be moved up in the hierarchy, she would do the needful. The Chief Executive Officer agreed for the same. Miss Rama Wadhwa contacted ‘Smith Recruiters’ who advertised for the post of marketing head for ‘Montac Enterprises Ltd’. They were able to recruit a suitable candidate for the company. Atul’s vacancy was filled up by screening the database of unsolicited applications lying in the office.

(1) Name the internal/external sources of recruitment used by ‘Montac Enterprises Ltd.’ to fill up the above-stated vacancies.

(2) Also state anyone merit of each of the above-identified source of recruitment.

Explain the following rights of a consumer as provided under Consumers Protection Act,1986:

1. Right to Safety.
2. Right to be Heard.

What do you mean by management of fixed capital? Why is it important?

Ashutosh Goenka was working in ‘Axe Ltd.’, a company manufacturing air purifiers. He found that the profits had started declining from the last six months. Profit has an implication for the survival of the firm, so he analysed the business environment to find out the reasons for this decline.

1. Identify the level of management at which Ashutosh Goenka was working.
2. State three other functions being performed by Ashutosh Goenka.

Enumerate the various Acts passed by the Government of India which help in protection of consumers’ interests.

Esha works as the cost and risk management head of a company in power sector. As a result of her excellent managerial competence, the company is able to reduce costs and increase productivity. The company belongs to infrastructure sector, wherein regular amendments are made in the government regulations and policies. She holds regular meetings to ensure that people in her department are not only aware of the related changes but are also able to adapt to these changes effectively. This helps the company to maintain its competitive edge. She motivates and leads her team in such a manner that individual members are able to achieve personal goals while contributing to the overall organisational objective. In the process of fulfilling her duties for the growth of the organisation, she helps in providing competitive services, adopting new technology, creating more employment opportunities etc. for the greater good of the people at large.
In context of the above case :
Identify the various reasons that have made management so important by quoting lines from the paragraph.

How does controlling help in achieving objectives and improving employees performance?

Explain any four factors which affect the ‘Fixed Capital’ requirements of a company.