Easy

Shilpa Rai is a 37-year old entrepreneur who grew up in a rural district of South Kannada. She was very good at art and craft, particularly wax molds. She loved to make candles. Often she makes toys and small pieces of art with wax and uses them as a gift for her friends and relatives. She is always involved in helping poor women of the area by providing them with jobs after imparting necessary skills. She believes that she is getting her work done as well as helping the needy section of society. Since it is a small business, she performs all the functions of business management herself. But she knows that the workers are not from a sound background, and they need motivation to perform efficiently and effectively. Slowly, the business is growing noticeably as the number of orders is increasing. As the orders are increasing, the production cost is declining. Based on the knowledge and experience that Shilpa acquired in her business, she smartly handles all the critical situations.

"She believes that she is getting her work done as well as helping the needy section of society." Identify the concept reflected in the above statement.

Management

Charity

Coordination

Administration

✅ Correct Option: 1

Option 1 -> Management encompasses achieving organizational objectives while fulfilling social responsibilities, balancing work goals with societal welfare. Option 2 -> Charity focuses solely on helping others without the integrated aspect of simultaneously accomplishing organizational work objectives. Option 3 -> Coordination refers to synchronizing team activities and efforts, but doesn't capture the dual purpose of work achievement and social contribution. Option 4 -> Administration deals with implementing policies and procedures, lacking the inherent social responsibility dimension mentioned in the statement. Hence, Option 1: Management -> The statement reflects the modern concept of management as a socio-economic process, where organizations achieve their goals while simultaneously serving society's needs. This dual objective - accomplishing work tasks AND contributing to social welfare - is a fundamental characteristic of contemporary management philosophy. -> correct

Question 42

"She is always involved in helping poor women of the area by providing them with jobs after imparting necessary skills". Which objective of management is reflected in this statement?

Question 43

"Based on the knowledge and experience that Shilpa acquired in her business, she smartly handles all the critical situations". This statement suggests that management is based on:

Question 44

"Since it is a small business, she performs all the functions of business management herself". Identify the functions of management performed by Shilpa in the above case.

Question 45

"Slowly the business is growing as the number of orders are increasing, and the production cost is declining." Which of the following concept is causing the decrease in production cost here?

"She believes that she is getting her work done as well as helping the needy section of society." Identify the concept reflected in the above statement.

Solution

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CUET Business Studies Past Year Questions (Topic-Wise)