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Business Studies · 2024 · 4 marks
CBSE 2024 · Region 4 · Set 1 · Q27
‘Shanta Enterprises’ was in the business of manufacturing solar panelsfor the last fifteen years. With their expertise now they were able tomanufacture good quality solar panels at lower cost. As a result ‘ShantaEnterprises’ was flooded with orders and was able to generate a goodprofit margin.To motivate the employees the company decided to compensate someof them for their hard work. Arvind and Yogesh, who were working oncontract basis, were absorbed permanently in the company. Both werehappy as now there was stability about their future income. Ekta, aregular employee of the company, working as Research and DevelopmentHead, was awarded the ‘Best Employee of the year Award’.(a)Identify and explain the incentives given by Shanta Enterprises toits employees.(b)State the needs of the employees being met by such incentives as perMaslow’s Need Hierarchy Theory.
‘Shanta Enterprises’ was in the business of manufacturing solar panels
for the last fifteen years. With their expertise now they were able to
manufacture good quality solar panels at lower cost. As a result ‘Shanta
Enterprises’ was flooded with orders and was able to generate a good
profit margin.
To motivate the employees the company decided to compensate some
of them for their hard work. Arvind and Yogesh, who were working on
contract basis, were absorbed permanently in the company. Both were
happy as now there was stability about their future income. Ekta, a
regular employee of the company, working as Research and Development
Head, was awarded the ‘Best Employee of the year Award’.
(a)
Identify and explain the incentives given by Shanta Enterprises to
its employees.
(b)
State the needs of the employees being met by such incentives as per
Maslow’s Need Hierarchy Theory.
Marking-scheme solution
(a)
Incentives given by Shanta Enterprises to its employees:
1. Job security:
It refers to stability about future income and work so that the
employees do not feel worried on these aspects and work with
greater zeal.
2. Employee Recognition programmes:
It refers to acknowledgment with a show of appreciation so that
the employees feel motivated to perform/work at higher level.
(b)
The needs of the employees being met by such incentives as per
Maslow's Need Hierarchy Theory:
(i)
Safety/Security needs provide security and protection from
physical and emotional harm.
(ii)
Esteem needs include factors such as self-respect, autonomy
status, recognition and attention
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CBSE Class 12 Business Studies past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.