Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Read the Passage Given below and answer the following question :
Namchi Designer Candles, run by Smita has 100 per cent women as employees and they also produce varieties of candles. During Diwali, they produce customized candles meant for the occasion. These Diwali themed candle has been a success in Sikkim as its demand increases on a yearly basis. Namchi Designer Candles has been receiving numerous awards such as North East Women Entrepreneur of the year 2015-2016 for Sikkim and Sreemanta Shankar Mission of Guwahati on 26th April 2018 at New Delhi. A typical day in Smita’s life consists of a series of interrelated and continuous functions. She has to plan a special festive collection for Diwali. This means organising more funds and recruiting more workers. She also has to regularly communicate with her suppliers to ensure that deadlines regarding delivery of goods are met. In the course of the day, she meets customers for a general feedback and any suggestions that they may have.

“A typical day in Smita’s life consists of a series of interrelated and continuous functions.” This statement explains which of the following role of Smita?

Options:

Smita is a entrepreneur

Smita is a manager

Smita is the owner

Only Smita is responsible for the success of her business

Correct Answer:

Smita is a manager

Explanation:

The statement "A typical day in Smita's life consists of a series of interrelated and continuous functions" best explains  Option 2: Smita is a manager.

Here's why the other options are less likely:

Option 1: Entrepreneur  - While the passage mentions Smita runs the business, the focus here is on the daily tasks she performs. Entrepreneurs often have a broader vision and may not be involved in all the day-to-day operations.
Option 3: Owner- Ownership is a possibility, but the emphasis is on the nature of her work, which aligns more with managing various aspects of the business.
Option 4: Only Smita is responsible - The passage doesn't negate the contributions of others. It highlights Smita's role as a manager coordinating different functions.

Smita's role involves planning, organizing, staffing, coordinating, and controlling various aspects of the business, which are typical managerial functions. The details about planning collections, finances, suppliers, and customer interactions showcase Smita's work in overseeing and coordinating different business operations, a core function of a manager. These tasks are interrelated and continuous, requiring her to manage various aspects throughout the day.

"Management consists of a series of interrelated functions that are performed by all managers. A manager has to perform five interrelated functions in the process of managing an organisation which is a system made up of different interlinked and interdependent subsystems. A manager has to link these diverse groups towards the achievement of a common goal. The process by which a manager synchronises the activities of different departments is known as coordination."

Thus, the role of Smita being discussed here is that of a manager.