Business Studies : Part - II 2012 CBSE [Outside Delhi] Set II

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  • Q1

    Name the level of management at which the managers are responsible for implementing and controlling the plans and strategies of the organisation.

    Marks:1
    Answer:

    Middle level management.

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  • Q2

    Give any one responsibility of a consumer in addition to obtaining cash receipt while purchasing a washing machine.

    Marks:1
    Answer:

    A consumer should look for an ISI mark on the washing machine as it would provide quality assurance of the product.

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  • Q3

    Name the type of plan which provides the broad contours of an organisation’s business.

    Marks:1
    Answer:

    Strategy.

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  • Q4

    State how ‘Self regulation by business’ acts as a means of Consumer Protection.

    Marks:1
    Answer:

    Socially responsible firms following ethical standards and practices in dealing with their customers, such as setting up customer service and grievance cell to address consumer problems and grievances.

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  • Q5

    Identify the nature of management when it is practiced as personal application of existing knowledge to achieve desired results.

    Marks:1
    Answer:

    Management is an ‘Art’ when it is practiced as personal application of existing knowledge to achieve desired results.

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  • Q6

    ‘Planning always leads to success’. Do you agree? Give reason in support of your answer.

    Marks:1
    Answer:

    No, planning does not always guarantee success because it is based on assumption of future trends which are uncertain and relate to a dynamic business environment.

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  • Q7

    Give the meaning of ‘compensation’ as a step in the process of staffing.

    Marks:1
    Answer:

    Compensation refers to all forms of pay or rewards given to employees either in the form of direct financial payments or indirect financial payments.

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  • Q8

    Define ‘Supervision’.

    Marks:1
    Answer:

    Supervision is the process of overseeing people at work to ensure that their efforts are directed towards accomplishment of the desired objectives.

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  • Q9

    State any one ‘Protective function’ of Securities and Exchange Board of India (SEBI).

    Marks:1
    Answer:

    SEBI prohibits fraudulent and unfair trade practices like making misleading statements, manipulations, price rigging etc.

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  • Q10

    What is meant by ‘Capital Market’?

    Marks:1
    Answer:

    Capital market refers to facilities and institutional arrangements through which long term funds; both debt and equity are raised and invested.

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