Business Studies 2015 XII 
Aditya Institute Of Professional Studies
B-4, Old Sai Plaza, (Syndicate Bank Basement) Kanker khera Meerut
Evaluation and Multi- Disciplinary
(With suggested Answers)
Nature and Significance of Management,
Principle of Management and
Business Environment
1. Mr. Ram, Mr. Rahim and Mr. Joy are the production managers of three different
Manufacturing firms; Viz com bridge Ltd, Oxford Ltd; they follow different strategies to manage production.
Lerner's Ltd. Ensures proper arrangement of things, I,e , materials tools etc and fixed place for each employee. This helps in increasing productivity and efficiency and minimization of wastage of time/cost.
Due to power faiture most of the times, Mr, Ram, operates on double shift in order to complete target production. He is able to achieve target but at higher cost. Mr. Rahim's main consideration is cost cutting . So he concentrates more on producing goods with fewer resources. He is unable to achive target production. Mr. Joy uses minimum resources to chives target production and is also able produce goods is at lower cost.
(a) In the above case two important aspect of management have been highlighted, which are alike two sides of the same coin. Identify those two aspects.
(b) Identify the principle of Fayol being followed in Learner's Ltd.
(c ) Identify the principle of fayol being followed in Learner's Ltd.
(d) Though Mr. Ram and Mr. Rahim have failed to achive both the aspects identified in part (a) above, yet they strived to achieve the same. Identify the value being highlighted.
Answer:
(a) The two concepts referred above are “ efficiency” and “Effectiveness”.
(b) Mr. Joy, has considered both the aspects.
(c ) Principle of order
(d) Responsibility : By taking care of one's own responsibility and striving for achieving efficiency and effectiveness.
2. Management of XYZ Ltd. Fulfills all its objectives and the organization is able to work effectively and efficiently. It is using environment friendly methods of production
B-4, Old Sai Plaza, (Syndicate Bank Basement) Kanker khera Meerut
Evaluation and Multi- Disciplinary
(With suggested Answers)
Nature and Significance of Management,
Principle of Management and
Business Environment
1. Mr. Ram, Mr. Rahim and Mr. Joy are the production managers of three different
Manufacturing firms; Viz com bridge Ltd, Oxford Ltd; they follow different strategies to manage production.
Lerner's Ltd. Ensures proper arrangement of things, I,e , materials tools etc and fixed place for each employee. This helps in increasing productivity and efficiency and minimization of wastage of time/cost.
Due to power faiture most of the times, Mr, Ram, operates on double shift in order to complete target production. He is able to achieve target but at higher cost. Mr. Rahim's main consideration is cost cutting . So he concentrates more on producing goods with fewer resources. He is unable to achive target production. Mr. Joy uses minimum resources to chives target production and is also able produce goods is at lower cost.
(a) In the above case two important aspect of management have been highlighted, which are alike two sides of the same coin. Identify those two aspects.
(b) Identify the principle of Fayol being followed in Learner's Ltd.
(c ) Identify the principle of fayol being followed in Learner's Ltd.
(d) Though Mr. Ram and Mr. Rahim have failed to achive both the aspects identified in part (a) above, yet they strived to achieve the same. Identify the value being highlighted.
Answer:
(a) The two concepts referred above are “ efficiency” and “Effectiveness”.
(b) Mr. Joy, has considered both the aspects.
(c ) Principle of order
(d) Responsibility : By taking care of one's own responsibility and striving for achieving efficiency and effectiveness.
2. Management of XYZ Ltd. Fulfills all its objectives and the organization is able to work effectively and efficiently. It is using environment friendly methods of production