CHAPTER 1 NATURE AND SIGNIFICANCE OF MANAGEMENT -BUSINESS STUDIES (CLASS12)CBSE

 Unit -1 Nature and significance of Management 

1. A Cloth manufacturer distributes its defective product for free of cost (after getting them repaired from NariNiketan at lower cost) to orphanage. Which values are being attested in this solution?
Service to the society, or community involvement.
2. An organization has production, purchase, marketing, finance and human resource departments. All of them working together to achieve organizational goals. From your point of view which value is reflected here?
Coordination unifies unrelated or diverse interests into purposeful work activity.
3. A manufacturer of fridge has used new technology in place of using harmful gases, which do not cause air pollution. Which value is being followed here?
Concern for society and duty towards nature.
4. A production manager has directed his employees to put/throw different types of wastes like papers, plastics & chemicals in the respective earmarked dustbins. By this which value he wants to inculcate among his employees?
Waste material management and Clean and hygienic environment.
5. An industrial unit, working in a backward area opens schools for education at nominal cost for the children of its employees and local people. By this act which value is promoted here?
Social welfare is one of the social objectives of every organisation.
6. A factory established in a residential locality, uses machines creating heavy noise while running. Factory Manager is always ready to provide financial help to local people. Due to noise pollution student can’t study properly and residence can’t sleep/work properly. The owners also know it. Which values are affected here?
Harmony of the community is affected. The organisation should work in harmony with the community.
7. A famous doctor charges high for consultation from his patients and refuses to treat the poor patients without consultation charges. He also pays attention to the medical representatives and agents of Pharma co. he takes gifts and commission from them. In your view, is it professional behavior of doctor? Does he follow the code of conduct of doctor?
No, he displays lack of professional ethics and has violated the code of conduct of doctors.