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

Mr Sourabh, who is an M.B.A., has been appointed at the post of General Manager in Sa-re-ga-ma Ltd. Company. Just after his appointment, he took a decision to set up a chemical plant near a residential colony. (The chosen location to set up the plant was favourable for many reasons to the company). After some time, another important decision to the amount of charity been given annually to educational institutions and religious institutions was withdrawn giving the justification that it was an unnecessary burden on the company. More emphasis was given to the share of company in the market and in search of modern procedures. Apart from this, a long time labour-dispute was resolved by taking a balanced decision.

1. Tell whether Mr Sourabh is at fault?
2. If yes, the fault is in which context?
3. How can the mistake be amended?

Fayol's principles of management are very effective. Can you draw a table which shows the traditional and present implications of any four principles of management?

Give three objectives of standardisation of work.

If total funds are ₹ 30 lakh, interest rate is 10% per annum, tax rate is 30% and earning before interest and tax is ₹ 4 lakh, then
In situation I: If 3,00,000 shares @ ₹ 10 per share are there and no debentures are there, then earning per share is ₹ 0.93.
In situation II: If 1,00,000 shares @ ₹ 10 per share and 2,00,000 debentures @ ₹ 10 per debenture are there, then earning per share is ₹ 1.40.
What is this situation called?

‘An effort to control everything may end up in controlling nothing.’ Explain.

How are principles of management derived?

What is meant by 'flexibility' of management principles?
OR
Mention the feature of management principle in the following statement 'The principles of management are not rigid prescriptions, which have to be followed absolutely'.

Arundhati has been promoted to the post of Marketing Division Head of a soft drink company. Identify the level of management at which she will be working henceforth. State any four functions that she will have to perform at this level.

Distinguish between 'Motion study' and 'Time study’.

Explain briefly any three factors to which the marketer should pay attention before fixing the price of a product.