Consumer Protection — Business Studies STD 12 Commerce — Question

The workers of 'Gargya Ltd.' are unable to work on new computerised machines imported by the company to fulfil the increased demand. Therefore, the workers are seeking extra guidance from the supervisor, and the supervisor is overburdened with the frequent calls of workers.
Suggest how the supervisor, by increasing the skills and knowledge of workers, can make them handle their work independently.
Also, state any three benefits that the workers will derive by the decision of the supervisor.

As the head boy and head girl of Trakashay Public School’, Deepak Chugh and Deepika Chawla have been given the responsibility of hosting the Teacher’s Day programme in the school. In order to conduct the programme in a systematic way, Deepak and Deepika first called a meeting of the student council. In the meeting they decided about the content of the programme after taking into consideration the different available alternatives and choosing the best alternative among them. Then the various tasks required to be performed were identified and divided in accordance with predetermined schedule made by them. After that they grouped the similar activities into main groups as skit group, choir group, instrumental music group and contemporary dance group. Then each group was placed under the charge of a council member in accordance with his/her skills and competencies. These council members were in turn informed that they have to take orders and will be accountable only to Deepak and Deepika so as to facilitate coordination amongst various groups.
In context of the above case :

1. Identify and explain the functions of management being discussed.
2. Describe briefly any two points highlighting the importance of each of the functions of management as identified in part (1) of the question.
3. State any two values that ‘Prakashay Public School’ wants to communicate to society.

Direction Read the following text and answer the question:
Simplex limited had been taken over by Mundhra Group immediately following India’s independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage. For this purpose the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

1. “In 2005, with the aim to accelerate growth the company had gone through several rounds of Meetings and discussions.” What is the objective mentioned here according to the process stated here?

1. Developing Premises
2. Growth & development
3. Launching IT enabled system
4. Cost cutting.

2. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures.” Which limitation of the management process is indicated here?

1. It fails to cope with sudden changes
2. It involves huge cost
3. It requires critical thinking
4. Need to construct multiple action plans

3. State whether the given statement is True or False: “The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage.

4. The management had taken utmost care regarding the possible outcome and timely review of the Plans to achieve the set target during that hard time.” Which is the last step of the Process mentioned here?

1. Implementation of plan
2. Timely execution of projects
3. Follow up
4. To prepare alternative course of action

What is meant by 'Money Market'? Explain any two instruments used in Money Market.

State the functions performed by financial market.

Explain briefly the components of physical distribution.

The workers of 'Vyam Ltd.' are unable to work on new and hi-tech machines imported by the company to fulfil the increased demand. Therefore, the workers are seeking extra guidance from the supervisor. The supervisor is overburdened with the frequent calls of workers. Suggest how the supervisor, by increasing the skills and knowledge of workers, can make them handle their work independently?Also, state any three benefits that the workers will derive by the decision of the supervisor.

How would you argue that the success of a business enterprise is significantly influenced by its environment?

Explain the technique of scientific management that is the extension of ‘Principle of Division of Work and specialisation’.

Distinguish between 'external' and 'internal' sources of recruitment.