Financial Management — Business Studies STD 12 Commerce — Question

Distinguish between the concepts ‘product’ and ‘production’ in Marketing keeping following as the base:

1. Focus.
2. Means.
3. Ends.

State and explain the principle depicted in the following picture:

Also explain its positive impact.

“Delegation of authority provides the mean whereby a manager multiplies himself”. Comment.

'Marketing is more than selling'. Do you agree?

Raj and Simran are both qualified eye surgeons and good friends. After obtaining a certificate of practice, they decide to persue a career of their own choice. Raj starts an eye care centre in the city whereas Simran joins a government hospital in a small village. They meet after a long time in a party. Raj invites Simran to visit his eye care centre and she accepts his invitation. She observes at his clinic that there is a fixed place for everything and everyone and it is present there so that there is no hinderance in the activities pf the clinic. Also, Raj always tends to replace T with ‘We’ in all his conversations with the staff members. Later on Raj shares with her that he always deals with lazy staff sternly to send the message that everyone is equal in his eyes.
In context of the above case :

1. Identify and explain the various principles of management that Raj is applying for the successful management of his eye care centre.
2. List any two values that Simran wants to communicate to the society by taking up a job in a village.

Deewan Ltd. is a multinational consulting company with its headquarters at Washington D.C. It hires young people from different countries of the world.
It is a company in which people dream to work because of its work-environment, pay and growth prospectus. The company has a culture of open communication and people of various nationalities work together in a discrimination free environment. The behaviour of managers of Deewan Ltd. emphasizes kindliness and justice which ensures loyality and devotion of workers. It also promotes mutual trust and belongingness among team members. In this way management of Deewan Ltd. is able to achieve its objectives by promoting team work. By doing so managers of Deewan Ltd. are following some principles of management.
Identify and explain any two such principles.

How do principles of management make possible 'effective administration’?

“There is no importance of human resource planning as so many people are available in the market these days”. Do you agree with this statement? Give reasons.

Postage stamps have been unveiled to commemorate 140 years of existence of the country’s first stock exchange the Bombay Stock Exchange (BSE). The setting up of BSE is considered to be the greatest revolution that took place in the financial markets in India as it acts as a key driver for economic growth of a country. This is due to the fact that there exists a strong corelation between economic growth and capital accumulation.
In the context of the above case :

1. Identify the dimension of business environment of India being referred here.
2. State any three factors which broadly affect the dimension of business environment of India as identified in part (a) of the question.

How do the techniques of time study and motion study help in improving the efficiency level?