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Business Studies · 2023 · 6 marks
CBSE 2023 · Region 2 · Set 1 · Q31
(a)Explain any three points that highlight the importance of Management'.
(a)
Explain any three points that highlight the
importance of Management'.
OR
(b)
Explain the following techniques of scientific
management:
(i)
Differential Piece wage system
(ii)
Time Study
(iii)
Method Study
Marking-scheme solution
Importance of Management
(i)
Management helps in achieving group goals
(ii)
Management increases efficiency
(iii)
Management creates a dynamic organisation
(iv)
Management helps in achieving personal objectives
(v)
Management helps in the development of society
(i)
Differential Piece wage system
Differential Piece Wage System is a technique which
differentiates between efficient and less efficient
workers. It rewards the efficient workers and
motivates the less efficient ones to improve their
efficiency.
In this plan, there are two piece rates – one for those
workers who produce above the standard output, and
the other for those who produce less than the standard
output.
(ii)
Time Study
Time study is a technique which determines
standard time required to perform a well-defined
job.
The objective of time study is to determine the
number of workers to be employed, frame suitable
incentive schemes and determine labour costs.
(iii)
Method Study
Method study is a technique to find out the one best
way of doing the job.
The objective of method study is to minimise the
cost of production and maximise the quality and
satisfaction of the customer.
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CBSE Class 12 Business Studies past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.