Business Studies 1 Marks Question

National Vritech Ltd. has grown in size. It was a market leader but with changes in business environment and with the entry of MNCs, its market share is declining. To cope up with the situation, the CEO starts delegating some of his authority to the General Manager, who also felt himself overburdened and with the approval of CEO disperses some of his authority to various levels throughout the organisation. Identify the concept of management discussed above.

Sika Ltd., a reputed industrial machines manufacturer, needs Rupees twenty crores as additional capital to expand the business. Mr. Amit Joshi, the Chief Executive Officer (CEO) of the company wants to raise funds through equity. The Finance Manager, Mr. Narinder Singh, suggested that the shares may be sold to investing public through intermediaries, as the same will be less expensive.
Name the method through which the company decided to raise additional capital.

Give the meaning of ‘Decentralisation.’

Give the meaning of ‘Responsibility’ as an element of delegation.

Give the meaning of ‘Delegation’.

Differentiate between ‘formal’ and ‘informal’ organisation on the basis of ‘flow of communication’.

Give the meaning of 'organising as a process.'

Name the type of organisational structure which promotes Flexibility and initiative.

'Himalaya Ltd.', is engaged in manufacturing of washing machines. The target of the organisation is to manufacture 500 washing machines in a day. There is an occupational specialisation in the organisation which promotes efficiency of employees. There is no duplication of efforts in such type of organisation structure.
Identify the type of organisation structure described above.

Define ‘organising’ as function of management.

‘Identifying and dividing the work’ is the first step in the process of one of the functions of management. Identify the function.

What is meant by ‘Decentralization’?

Name the organizational structure which helps in increasing managerial and operational efficiency.

Differentiate between formal and informal organisation on the basis of ‘authority’.

Differentiate between ‘formal’ and ‘informal’ organisation on the basis of ‘origin'.

Define ‘ formal organisation’.

Give the meaning of ‘Authority’ as an element of delegation.

Name the type of 'organisational structure' which promotes efficiency in utilisation of manpower.

Alliance Ltd. is engaged in manufacturing plastic buckets. The objective of the company is to manufacture 100 buckets a day. To achieve this, the efforts of all departments are coordinated and interlinked, and authority responsibility relationship is established among various job positions. There is clarity on who is to report to whom.
Name the function of management discussed above.

State any one advantage of ‘Formal Organisation’.

Define ‘Decentralisation’.

Sharda Ltd. is pursuing diversified activities which require a high degree of specialisation. Identify the type of structure that should be followed by Sharda Ltd.

Alliance Ltd. is engaged in manufacturing plastic buckets. The objective of the company is to manufacture 100 buckets a day. To achieve this, the efforts of all departments are coordinated and interlinked and authority-responsibility relationship is established among various job positions. There is clarity on who is to report to whom. Name the function of management discussed above.

Karan and Arjun are first cousins. After completing a course in journalism, both of them join a leading newspaper company as sub-editors. Over the years, due to their consistent hardwork, they are promoted to the post of chief editors in different divisions. However, the way of their functioning is totally different. Karan believes in the capabilities of his subordinates and therefore follows the philosophy of selective dispersal of authority throughout all the levels in his division. On the other hand, Arjun prefers to function through strict controls and retains all the decision-making authority with himself.
In the context of the above case :
How do Karan and Arjun differ in their policies related to the extent of delegation of authority? Explain.

Srijan is working as a sales manager in a publishing house. In order the promote the new series of encyclopaedias, the company decides to undertake door to door selling in the city. As the sales manager, Srijan is given the target of selling 5000 units in one month. He appoints a team of five salesmen for the purpose. Each salesman is given the target of selling 1000 units. At the end of the month only 4800 units are sold as one of the salesman, Bobby, falls ill during the last week and is able to sell only 800 units.
In the context of the above case :
Will Srijan be still accountable for the performance of the assigned tasks to Bobby? Why or why not? Give a suitable reason to support your answer.

Smriti works as a marketing manager in a small company. The company has recently launched a new brand of room fresheners through aggressive promotion. However, the product is less in demand and its sales are low. Smriti decides to study the reasons for the poor likability of the product through a market research. Keeping in view the volume of work, she knows it will be impractical for her to handle it all by herself. In order to share her work, she deploys a team of executives. She gives them the necessary authority and assigns them the responsibility to conduct the research and report back to her so that she can make the decisions.
In the context of the above case :
Identify and explain the concept used by Smriti to share her work and authority with her subordinates.

Organising leads to a systematic allocation of jobs amongst the workforce. Which importance of organising is stated here?

Organising helps in optimum utilisation of resources. Which type of resources does it refer?

What type of organisation structure is suitable for multi-product firm?
OR
Which organisation structure facilitates better growth and expansion?

'Organisation is a mechanism of management'. What does this statement indicate?

Name the activity which increases the importance of the role of subordinates.

What is the basis of delegation of authority?

Out of formal and informal organisations which one is established first?

Name the organisation which has the benefit of ‘Easy to Fix Responsibility’.

Name the organisation which is directed by ‘Group Norms’.

Decentralisation diminishes the amount of direct supervision exercised by a superior over the activities of a subordinate. State the importance of decentralisation referred here.

State one advantage of functional structure.

Growing company should adopt which policy; centralised or decentralised.

Under what circumstances would functional structure prove to be an appropriate choice?

Give any one benefit of informal organisation.

How employees get motivated through delegation of authority?

Organising leads to a systematic allocation of jobs amongst the workforce. Which importance of organising is stated here?

Why is it easy to fix responsibility in formal organisation?

Name the organisation which is deliberately created.

It is formed by grouping together the entire work to be done into major functional departments. Name it.

Name the organisation which has the advantage of ‘Effective Communication’.

Give the reason of why all organisations do not have similar type of organisation structure.

What is the outcome of the organizing process called?

How you would say that organizing establishes clarity in working relations?

Functional structure is suitable for those business enterprises in which large variety of products are manufactured using different productive resources. (True/ False)