Board Paper of Class 12-Commerce 2008 Business Studies All India(SET 1) - Solutions

General Instructions:
(i) Answer to questions carrying 1 mark may be from one word to one sentence.
(ii) Answer to questions carrying 3 marks may be from 50 to 75 words.
(iii) Answer to questions carrying 4-5 marks may be about 150 words.
(iv) Answer to questions carrying 6 marks may be about 200 words.
(v) Attempt all parts of a question together.

Question 1

‘In an organisation employees are happy and satisfied, there is no chaos and the effect of management is noticeable’. Which characteristic of management is highlighted by this statement?
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Question 2

Name the process of working with and through others to effectively achieve organisational objectives by efficiently using its limited resources in the changing environment.
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Question 3

What is the main objective of ‘Method Study’?
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Question 4

‘Identifying and dividing the work’ is the first step in the process of one of the functions of management. Identify the function.
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Question 5

How have the management principles been derived?
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Question 6

Name the function which reviews the operations in a business unit.
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Question 7

Identify the decision taken in financial management which affects the liquidity as well as the profitability of business.
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Question 8

State why the working capital needs for a service industry are different from that of a manufacturing industry.
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Question 9

Rita wants to buy a packet of juice. As an aware customer how can she be sure about the quality of juice she plans to buy?
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Question 10

Amrit filed a case against ‘Volvo Ltd.’ in the State Commission. But she was not satisfied with the orders of the State Commission. Name the authority to which she can appeal against the decision of the State Commission.
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Question 11

Explain how planning reduces the risk of uncertainty.
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Question 12

What is meant by ‘informal organisation’? List any two limitations of informal organisation.
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Question 13

There are some barriers in communication which are concerned with encoding and decoding of message. State any three such barriers.
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Question 14

Explain any three merits of ‘packaging’.
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Question 15

Nature of ‘capital market’ can be well explained with the help of its features. State any three such features of capital market.
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Question 16

Explain ‘procedure’ and ‘programme’ as type of plans with suitable examples.
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Question 17

To avoid the problem of shortage and surplus funds what is required in financial management? Name the concept and explain its any three points of importance.
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Question 18

Explain the following rights of a consumer.
iv. Right to choose
v. Right to be informed
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Question 19

State any four reasons why staffing is needed in an organisation?
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Question 20

‘It is only through motivation through which the managers can inspire their subordinates to give their best to the organisation’. In the light of this statement explain any four points of importance of motivation.
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Question 21

Dheeraj is working as ‘Operations Manager’ in Tifco Ltd. Name the managerial level at which he is working. State any four functions he will perform as ‘Operations Manager’ in the company.
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Question 22

Explain the following principles in management.
i. Discipline
ii. Harmony, not discord
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Question 23

To satisfy the social and psychological needs which type of incentives are needed? Explain any four such types of incentives.
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Question 24

Distinguish between National Stock Exchange of India (NSEI) and Over the Counter Exchange of India (OTCEI) on the following bases.
i. Year of establishment
ii. Paid-up capital
iii. Securities traded
iv. Duration of settlement
v. Objective
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Question 25

‘price of a product is influenced by many factors’. Explain any five factors influencing pricing.
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Question 26

What is meant by ‘Divisional Structure’ of an organisation? Explain any two advantages and any two limitations of this structure.

OR

What is meant by ‘Delegation’? Explain any four points which highlight the importance of delegation in an organisation
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Question 27

Which source of recruitment is needed to bring new blood in the organisation? Explain any three advantages and any two limitations of this source.

OR

‘Training is beneficial both for the organisation as well for the employees’. Explain any three benefits of training towards the organisation and any three towards the employees.
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Question 28

What is meant by ‘Budgetary control’? State its four advantages.

OR

‘Controlling is a systematic process involving a series of steps.’ Explain.
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Question 29

Explain any four factors which affect the fixed capital requirement of a business.

OR

Explain any four factors which affect the capital structure of a company.
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Question 30

‘Advertising and personal selling both are communication tools used by the marketers to promote their products. Yet they differ in their approach. Differentiate between the two by giving any six differences.

OR

The main aim of ‘Marketing’ and ‘Selling’ is to maximize profit. Yet they differ in their approach. Differentiate between the two by giving any six differences.
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