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Business Studies · 2024 · 3 marks
CBSE 2024 · Region 2 · Set 2 · Q23
business environment needs to be taken into consideration. Piyush is the Production Manager of a shoe company called 'Comforty'. He has 1000 workers…
business environment needs to be taken into consideration.
Piyush is the Production Manager of a shoe company
called 'Comforty'. He has $\displaystyle 1000$ workers working under him in
his department. Piyush booked a special order for $\displaystyle 300$ pairs of
gents shoes at an estimated cost price of ₹$\displaystyle 500$ per pair plus
% profit margin. The order is to be completed within
days. After completion of the order, Piyush found out that the
production cost of one pair of shoes was ₹600. He tried to find
out the reason, but he couldn't. He reported it to the Chief
Executive Officer. The Chief Executive Officer appointed
Abhay to find out the cause. Abhay was not only a specialized
Cost Accountant, but also a qualified Human Resource
Manager. After two days, Abhay reported that the set targets
could be completed with the help of only $\displaystyle 800$ workers, which
revealed that there was overmanning in the organisation. The
organization was not utilizing the human resources optimally,
which had led to higher labour cost.
The above case highlights one of the points of importance of
an important function of management.
(i)
Identify the function of management.
(ii)
State any two points of importance of the function of
management identified in part (i), except the one discussed in
the above case.
Marking-scheme solution
(i)
Controlling
(ii)
Importance of controlling:
(a)
It ensures order and discipline among employees by keeping a
close check on their activities.
(b)
It improves employee motivation as the employees’ know
well in advance the standards of performance on the basis of
which they will be appraised.
(c)
It facilitates coordination in action as each department in
governed by pre-determined standards which are well coordinated
with one another.
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CBSE Class 12 Business Studies past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.