Business Studies - Case studies 2

"An employee, Hari, designed a plan that helps to reduce cost, but the production manager did not appreciate it. Another employee gave useful suggestion for improvements in design, and it was also not welcomed by the production manager". Identify the principle violated above?

• Unity of Command
• Initiative
• Authority and Responsibility
• Unity of Direction

"Pawan never discriminates his subordinates. All employees are satisfied with the working conditions. The company is earning huge incomes. The management shares the profits with the workers as they believe in the prosperity of the workers." Identify the principle of management.

• Standardisation
• Remuneration
• Harmony, not discord
• Order

"The management also asks the employees to work overtime without any additional salary and promises to increase the wages after achieving the objective. Within a short time frame, the company started earning incomes, and both the management and employees honour their commitments. Identify the principle of management.

• Authority and responsibility
• Discipline
• Harmony, not discord
• Unity of command

"Discourage the use of plastic files and folders." Identify the plan used here.

• Objective
• Policy
• Strategy
• Rule

Who is the father of modern management?

• Lawrence Appley
• Peter Drucker
• George Terry
• Henry Fayol

"One of her goals was to earn 10% profit on the amount invested in the initial year." Identify the type of plan discussed.

• Policy
• Strategy
• Objective
• Budget

"It was decided that raw materials such as fruits, spices, vegetables etc., will be purchased on three months credit from the farmers cultivating organic crops only." Identify the type of plan discussed.

• Policy
• Strategy
• Rule
• Procedure

"She also decided to follow step by step process which is required for the marketing of her products." Identify the type of plan discussed.

• Budget
• Rule
• Objective
• Procedure

"While working, a penalty of Rs. 150 per day for not wearing caps, gloves and apron was announced." Identify the type of plan discussed.

• Policy
• Rule
• Strategy
• Method

"Somesh also prepared a statement containing the number of workers which will be required in the factory throughout the year." Identify the type of plan discussed.

• Strategy
• Rule
• Policy
• Budget