Principles of Management — Business Studies STD 12 Commerce — Question

Anshul owns a small scale factory where utility items are prepared from waste material like paper mache items, paper and cloth bags, decorative material etc. Over the past few weeks, he was observing that the productivity of one of his very efficient worker, Ramdas, is going down. So he decides to probe into the matter and confronts Ramdas one day. On being asked, Ramdas shares with Anshul that he has deliberately slowed down in his work as many of the less efficient workers often pull his leg saying that there is no need for him to be more efficient when everybody is being paid at the same rate. Taking a lesson from this insight, Anshul decides to implement an incentive bonus plan so as differentiate between efficient and inefficient workers.
In context of the above case :

1. Name and explain the incentive bonus plan that Anshul may implement so as differentiate between efficient and inefficient workers.
2. State any two values that Anshul wants to communicate to the society by setting up a special type of business.

‘Choice of an appropriate channel of distribution is very important marketing decision which affects the performance of an organisation’. Explain any two factors on which the choice of an appropriate channel depends.

"Authority can be delegated but accountability cannot be." Explain.

Define Capital Market. State the two parts of capital market.

The Production Manager of an automobile company asked the foreman to achieve a target production of 200 units per day. But, he did not give him the authority to requisite tools and materials from the store. Can the Production Manager blame the foreman if he is not able to achieve a target? Explain briefly the principle relating to this situation.

Rahim was working in an enterprise on daily wages basis. It was difficult for him to fulfill the basic needs of his family. His daughter fell ill. He had no money for his daughter’s treatment. To meet the expenses of her treatment, he participated in a cycle race and won the prize money. The cycle company offered him a permanent pensionable job which he happily accepted.
By quoting the lines from the above para identify the needs of Rahim that are satisfied by the offer of cycle company.

Manav, a post graduate in English, is successfully running his family business. All of a sudden, he thought of taking employment and got a job of finance manager in a company, on the basis of his experience and efficiency.

1. Do you think his appointment is valid?
2. Was it not necessary for him to be a part of professional association to attain the post?

Differentiate between ‘Method’ and ‘Budget’ as types of plans.

Name the type of formal communication in which the persons of two departments one at a higher position and another at lower, communicate with each other? Also state the problem which may arise in this type of communication.