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

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  • Q1

    Amrit filed a case against ‘Volvo 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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  • Q2

    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?

    Marks:1
    Answer:

    FPO mark on food product.

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  • Q3

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

    Marks:1
    Answer:

    Nature of buiness: Manufacturing business requires more working capital due to larger operating cycle.

     

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  • Q4

    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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  • Q5

    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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  • Q6

    ‘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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  • Q7

    Name  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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  • Q8

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

    Marks:1
    Answer:

    Controlling

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  • Q9

    What is meant by ‘Principles of Management’?

    Marks:1
    Answer:

    Principles of Management are the general guidelines, which can be used for conduct in work places under certain situations. They help in taking and implementing decision making.

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  • Q10

    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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