Free Business Studies - Class 12th (CBSE) - Worksheet - W1a - Nature and Significance of Management
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On this blog, you will have the latest worksheets for 12th Business Studies - Chapter 1: Nature and Significance of Management.
Use this content to practice the following core concepts of management that drive business success:
- Different managerial levels
- Roles
- Objectives
When you complete this entire exercise, you will gain more knowledge about the importance of effective management and the critical functions that managers in the real world perform to take their organization to a higher level of efficiency.
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Class 12th Business Studies Worksheet (W1a)
Q1. Sonia is the Marketing Manager at "Innovate
Solutions Inc." At
managerial level is she working? (1 Marks)
State any four functions she will
perform in her role as Head of the Marketing Department. (4 Marks)
Q2. Mr. Karan Aujla is a 'Plant
Superintendent' at Alpha Manufacturing Co. Identify the managerial level he
occupies. (1 Marks)
Outline any four functions he
would typically perform in this position. (4 Marks)
Q3. A sales team's objective was to sell 500 units of a new product within a quarter.
By the end of the quarter, they had sold 480 units, but their promotional expenses were significantly lower than budgeted.
Do you think the sales team was effective? Provide a
reason to support your answer. (3 Marks)
Q4. The R&D department of a pharmaceutical company was tasked with developing a new drug within 18 months.
They successfully developed and tested the drug in 16 months, but it required an additional 10% investment in resources than initially planned.
Is the
R&D department effective? Justify your answer with one reason. (3 Marks)
Q5. Salman Foods Pvt. Ltd. is experiencing frequent delays in its supply chain.
The sales team often promises
delivery dates that the logistics team finds impossible to meet, leading to
customer dissatisfaction. The procurement department, meanwhile, complains that
they don't receive timely demand forecasts from sales.
- What key aspect of management
seems to be missing in Salman Foods Pvt. Ltd.? Justify your answer. (1 Marks)
- Explain the significance
of the managerial concept identified in (a) for the smooth functioning of Salman
Foods. (5 Marks)
Q6. Alcott Consultants is a firm
specializing in financial advisory services. The CEO, Ms. Sharma, holds a
Chartered Accountancy (CA) qualification, while the Head of Marketing, Mr.
Gupta, has an MBA, and the Head of HR, Ms. Singh, has extensive experience but
no formal HR degree.
During a team meeting, Mr. Gupta asserted that management should be considered a science due to its systematic principles, while Ms. Singh countered that it's more of an art, relying on creativity and practical application.
Ms. Sharma, drawing upon her comprehensive understanding, then clarified the true nature of management to both.
Explain
how Ms. Sharma would have satisfied both Mr. Gupta and Ms. Singh by describing
management as both a science and an art. ( 3 Marks)
Q7. EcoClean Solutions Pvt. Ltd. has adopted a policy of using only biodegradable packaging for all its cleaning products and has invested heavily in renewable energy sources for its manufacturing plants.
Identify the objective of management that EcoClean Solutions
Pvt. Ltd. is primarily focusing on. (1 Marks)
Provide a reason to justify your
answer. (3 Marks)
Q8. Mr. Khanna is the CEO of a rapidly growing e-commerce company, 'ShopSmart'.
He has implemented a system where every team's daily targets are clearly communicated, ensuring that all departmental efforts are aligned towards achieving the company's aggressive sales growth.
He regularly introduces training programs for his employees to keep them updated with the latest digital marketing tools, which helps 'ShopSmart' stay ahead of its competitors.
Mr. Khanna also encourages employees to set their own career development goals, providing resources and mentorship to help them achieve these, alongside their work for the company.
Furthermore,
'ShopSmart' has recently launched an initiative to empower local artisans by
sourcing products directly from them, thereby contributing to their livelihood.
In the context of the above case:
Identify the various reasons that have made management so important by quoting lines from the paragraph. (6 Marks)
The End
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