Subject: Business Studies, asked on 10/1/17

Subject: Business Studies, asked on 25/11/16

Q. "Shiv Shakti Ltd." keeps constant vigil over business environment and studies it. During the course of this study , he noticed a considerable fall in bank interest rate. On the basis of this information , CEO of the company , Mr. Rajan Aggarwal anticipated rapid rise in demand for his products. Consequently , company decided to produce more than the normal production . Company also decided  to take special care of the health and safety of the people and to keep the profits at low level while fixing the price of the products. 
To achieve its objective of increase in production , company will need 50 additional workers. Similarly , company will also require some more managerial  staff. Regarding appointment of the employees, it is the desire of the company to recruit such like youngmen as  are a fully familiar with the new and modern ideas. No matter they may have less experience.Mr Ram Oberioi, H.R. manager of the company, arranged the requisite staff. It was brought to the notice of Mr. Oberoi that some other  the machine operators needed training .He set-up  a training centre for this purpose. In this training centre, a trainer imparted them one-,month training. Thus by adopting these measures, company achieved its objective of large -  scale production.
(a) Quoting the lines identify the component of business environment.
(b) Quoting the lines identify the 'objective of management'.
(c) Company will get different kinds of persons from which sources of recruitment ?
(d) Which training method is being used by company?

Subject: Business Studies, asked on 25/11/16

Q. 14 - Staffing

14.  Mr. Anil Garg is working as Managing Director of 'CLS Packaging Limited'. He is not in favour of selling waste material in the market.  Instead he is planning to make himself new products of this material. For this purpose, a new unit will have to be set up. Accordingly, he decided to establish this unit in an area where large number of persons are unemployed and so labour is available at cheap rate.

In order to attract workers to this new unit, a special Remuneration Scheme was introduced. As per this scheme, workers will get their remuneration on the basis of their work. There will be two rates of wages : higher wage rate and lower wage rate. A worker who will work upto a given standardised units or beyond will be paid his/her remuneration at a higher rate. On the other hand, a worker who will work less than the given standardised units will be paid his/her remuneration at a lower rate

In order to operate this new unit, Mr. Garg established a separate 'Waste Material Division'. It consisted of four departments, such as, Purchase, Sales, Production and Accounts. Company required four managers to run these departments, of these, two managers were appointed from the existing business, by way of promotion; while the other two were selected out of the waiting list maintained by the company.

(i)  Which form of organisation structure is being adopted by the company?

(ii)  Identify and give the meaning of wage payment scheme adopted by the company to motivate the workers. 

(iii)  What methods of recruitment have been adopted by the company?

(iv)  Identify these two values that Mr. Garg has been dedicating to the society by establishing this unit




 

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