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

Explain the concept of ‘Business Environment’ and any three features of it.

Ayasha Ltd. assured their employees that inspite of recession no worker will be retrenched from the job.

1. Name and explain the type of incentive offered to the employees.
2. Explain one more incentive of the same category.

Explain briefly ‘Casual Callers’ and ‘Labour Contractors’ as external sources of recruitment.

Explain briefly ‘transfers’ and ‘promotions’ as internal sources of recruitment.

Explain any four points regarding significance of Principles of management.

Explain ‘Direct Recruitment’ and ‘Advertisement’ as external sources of recruitment.

‘Supervision is not at all required in an organisation’. Do you agree? Give two reasons in support of your answer.

Ajay and Sanjay are childhood friends. Sanjay had lost his right hand in an accident in childhood. They meet after a long time in a restaurant. On being asked, Sanjay tells Ajay that he feels very discontented in managing his family business after the death of his father as it doesn’t match with his areas of interest. Ajay knows that Sanjay possess extraordinary skills in management although he hasn’t acquired any professional degree in management.
Therefore, he asks Sanjay to wind up his business in India and join him in his hotel business in Dubai as an Assistant Manager in Sales and Marketing Division.
In context of the above case :

1. Can Sanjay be deployed at the post of Assistant Manager in Sales and Marketing Division though he hasn’t acquired any professional degree in management? Explain by giving suitable justifications in support of your answer.
2. List any two values that are reflected in this act of Ajay.

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.

Blue Birds Ltd. offers to its employees to issue shares at a price which is less than the market price.
Explain one more incentive of the same category.