Business Studies : Part - II 2008 CBSE [ All India ] Set I

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  • Q1

    ‘In an organization 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?

    Marks:1
    Answer:

    Management of People.

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  • Q2

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

    Marks:1
    Answer:

    Management

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  • Q3

    What is the main objective of ‘Method-Study’?

    Marks:1
    Answer:

    The objective of method study is to find out one best way of doing the job.

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  • Q4

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

    Marks:1
    Answer:

    Organising

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  • Q5

    How have the management principles been derived?

    Marks:1
    Answer:

    The management principles have been derived on the basis of observations and experimentation.

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  • Q6

    Name the function, which reviews the operations in a business unit.

    Marks:1
    Answer:

    Controlling is the function which reviews the opeartions in a bsuiness unit.

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  • Q7

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

    Marks:1
    Answer:

    Investment decision

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  • Q8

    State why the working capital needs for a ‘Service-industry’ are different from that of a Manufacturing industry.

    Marks:1
    Answer:

    Nature of business:- The basic nature of a business influences the amount of working capital required that's why it is different between Service industry and Manufacturing industry.

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  • Q9

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

    Marks:1
    Answer:

    For checking the quality of juice she must check for the ISI mark whether it is there or not. It is because manufacturers are permitted to use the ISI mark on their products only after ensuring that the goods conform to the prescribed quality standards.

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  • Q10

    Amit filed a case against ‘Bolvo Ltd.’in the ‘State Commission’. But he was not satisfied with orders of the ‘State Commission.’ Name the authority to which he can appeal against the decisions of ‘State Commission.

    Marks:1
    Answer:

    National commission

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