Financial Market — Business Studies STD 12 Commerce — Question

Ms Bharti passed her M.B.B.S. examination in the first division in 2010. Later on in the year 2013 she passed her M.S. examination as an eye surgeon. She was awarded a gold medal in this examination. After completing her studies she joined a big hospital as an eye surgeon. She is performing ten operations successfully every day. Now tell, what aspect of Ms Bharti’s above experience is science and what aspect is art.

Explain any three points of importance of consumer protection from the point of view of consumers.

Enumerate any three functions of a General Manager.

'Find wants and fill them', 'create products and sell them are the two important concepts of marketing management. Identify them and differentiate between them, on three basis.

What is meant by supervision?

Michael is working as Corporate Development Head in Adam Ltd. Name the managerial level at which he is working. State four functions which he will perform as a Corporate Development Head in this company.

ABC Ltd. is a renowned company in Kirti Nagar market of Delhi for manufacturing quality furniture. From last 20 years, ABC Ltd. has occupied the No. 1 position in the market. It also specialised in imported furniture besides domestic one. It manufactures for both commercial and residential/ domestic use. For this, company has hired two managers one each for commercial department and residential department.
Mr. Sharma, who is the incharge of manufacturing furniture for commercial purpose, got the target of manufacturing 100 pieces of office tables from a corporate house. To achieve this target, Mr. Sharma has to operate on double shifts due to power failure most of the time. He is able to manufacture 100 pieces of office tables but at a higher production cost.
Whereas, Mr. Gupta, who is the incharge of manufacturing furniture for residential/ domestic use, got the target of manufacturing 50 double beds for one Ashram in Vrindavan. Mr. Gupta concentrated more on manufacturing beds with fewer resources (i.e., cutting down the cost of production) due to which he could not achieve his target.

1. From the two, which manager is effective but not efficient? Why?
2. Name the manager who is efficient but not effective. Give reason also.
3. What should be the ideal aim of managers in given situations?

A company is manufacturing paper plates and bowls. It produces 100000 plates and bowls each day. Due to local festival, it got an urgent order of extra 50,000 plates bowls. Advise how the company will fulfill its order and which method of recruitment would you suggest.

“Direction is the least important function of management”. Do you agree with this statement? Give any two reasons in support of your answer.

Maan and Shaan Ltd is manufacturing baby bottles and has separate departments of production, sales and finance. Which type of structure you would suggest to them and state some of its advantages?