Commerce (English Medium) Class 12 - CBSE Important Questions for Business Studies

Explain the following principles of management:

Harmony, not discord.

Explain the following principles of management:

Subordination of Individual Interest to General Interest.

Explain the following principles of management:

Development of Each and Every Person to His or Her Greatest Efficiency.

Explain the following principle of management.

Authority and Responsibility

Explain the following principles of management:

Co-operation, not Individualism

Answer the following question.
Appliances India Ltd. is engaged in the manufacturing and distribution of home appliances since 1987. It has a good name in the market as the company is producing good quality appliances. It has separate departments for manufacturing, finance, sales maintenance services, and technical services to achieve specialization.

Since the areas of operations of the company have increased and customers have become more demanding, the company decided to modify the existing principle of management to meet the changing requirements of the environment.

State the general principle of management which the company wants to modify to meet the changing requirements.

Explain significance of principles of management.

Explain 'Universal Applicability' as a feature of principles of management.

Explain Meeting Changing Environment requirements. 

What is meant by ‘liberalisation’?

Giving any four points, explain the impact of government policy changes on Business and Industry.

Explain any three limitations of ‘Planning’.

Answer the following question.
Varsha Jain after completing her fashion designing course form the Indian Institute of Fashion Technology planned to enter into designer clothing venture. She had to address issues like her target customers, the channel of distribution to be used, pricing policy, etc. identify the type of plan that Varsha Jain needs to develop to provide direction and scope to her organization in the long run.

‘The pros and cons of each alternative need to be weighed.’ Name and briefly explain the logical steps in the process of planning which are followed by a manager before performing the step highlighted in the above statement.

State any three limitations of divisional structure of an organisation.

Differentiate between formal and informal organization on the basis of the following:

Meaning

Differentiate between formal and informal organization on the basis of the following:

Origin

Differentiate between formal and informal organization on the basis of the following:

Authority

Differentiate between formal and informal organization on the basis of the following:

Nature

Answer the following question.
Voltage fluctuations have been common and quite high in India. They harm our electrical appliances like televisions, refrigerators, and air conditioners, often leaving them in a permanently damaged condition. N-Guard Company decided to manufacture stabilizers for North India where the voltage fluctuation ranges from 220 V to 230 V. Once the demand for North India was taken care of, they decided to launch stabilizers of varying voltages from 90 V – 260 V for meeting the requirements of voltage fluctuations in other regions of India also. Three engineers were appointed for South, West and East regions of India, as the voltage was different in all the three regions.

Though all the engineers were appointed to manufacture stabilizers but the product differed from region to region.

(a) Identify the organisational structure of the N-Guard Company.

(b) State any two advantages and two limitations of the structure identified in the above para.