Commerce (English Medium) Class 12 - CBSE Question Bank Solutions for Business Studies

What is the objective of 'Method Study' as a technique of scientific management?

XYZ Power Ltd. set up a factory for manufacturing solar lanterns in a remote village as there was no reliable supply of electricity in rural areas. The revenue earned by the company was sufficient to cover the costs and the risks. The demand for lanterns was increasing day by day, so the company decided to increased production to generate higher sales. For this, they decided to employ people from the nearby villages as very few job opportunities were available in that area. The company also decided to open schools and crèches for the children of its employees.

1. Identify and explain the objectives of management discussed above
2. State any two values which the company wanted to communicate to the society.

'Providing the social security and welfare of employees' is one of the specialised activities performed by Human Resource Management. Mention any two other specialised activities of Human Resource Management.

State any six reliefs available to a consumer under the Consumer Protection Act, 1986.

Mega Ltd. was manufacturing water-heaters. In the first year of its operations, the revenue earned by the company was just sufficient to meet its costs. To increase the revenue, the company analysed the reasons of less revenues. After analysis, the company decided

1) to reduce the labour cost by shifting the manufacturing unit to a backward area where
labour was available at a very low rate.

2) to start manufacturing solar water-heaters and reduce the production of electric
water-heaters slowly.

This will not only help in covering the risks but also help in meeting other objectives too.

a) Identify and explain the objectives of management discussed above.

b) State any two values which the company wanted to communicate to the society.

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:

Flow of communication

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

Nature

‘Maintaining labour relations and union-management relations’ is one of the specialised activities performed by Human Resource Management. Mention any two other specialised activities of Human Resource Management.

Define organization as a structure.

Differentiate between formal and informal organization on the following basis:

Behaviour

The differential between 'Functional and 'Divisional' structure of organising on the basis of the following:

Meaning

The differential between 'Functional and 'Divisional' structure of organising on the basis of the
following:

Formation

A differential between 'Functional and 'Divisional' structure of organising on the basis of the following:

Specialisation

A differential between 'Functional and 'Divisional' structure of organising on the basis of the following:

Responsibility

A differential between 'Functional and 'Divisional' structure of organising on the basis of the following:

Managerial development

A differential between 'Functional and 'Divisional' structure of organising on the basis of the following:

Cost involved

Indian Railways has launched a new broad gauge solar power train which is going to be a path-breaking leap towards making trains greener and more environmentally friendly. The solar power DEMU (Diesel Electric Multiple Unit) has 6  trailer coaches and is expected to save about 21,000 liters of diesel and ensure a cost saving of Rs 12, 00,000 per year. Name the objectives of management achieved by Indian Railways in the above case.