Business Studies : Part - II 2014 CBSE [ Delhi] Set III

To Access the full content, Please Purchase

  • Q1

    Give the meaning of ‘Authority’ as an element of delegation.

    Marks:1
    Answer:

    Authority refers to the power or right to give orders, make decisions and enforce obedience among subordinates.

    View Answer
  • Q2

    What is objective of ‘Method Study’ as a technique of scientific management?

    Marks:1
    Answer:

    The objective of ‘Method Study’ is to find out the best possible method of doing the assigned task while reducing cost and maximising customer satisfaction.

    View Answer
  • Q3

    What is meant by ‘Management of people’?

    Marks:1
    Answer:

    Management of people refers to identification of each individual’s strength and weakness and making them work towards achievement of organisational goals.

    View Answer
  • Q4

    State any one advantage of ‘Formal Organisation’.

    Marks:1
    Answer:

    Formal organisation brings about reduction in duplication of work which is achieved through division of responsibilities among employees.

    View Answer
  • Q5

    Give the meaning of ‘Policy’ as a type of plan.

    Marks:1
    Answer:

    Policy refers to the general course of action that is undertaken in a particular situation aimed at channelisation of organisational efforts in the desired direction.

    View Answer
  • Q6

    What is included in ‘Political Environment’ of business? State.

    Marks:1
    Answer:

    The political environment of business includes political conditions of a country including political stability and the attitude of the government towards business.

    View Answer
  • Q7

    How does ‘Inflation’ affect the working capital requirements of a company? State.

    Marks:1
    Answer:

    Inflation leads to an increase in the working capital requirement of a company to maintain the existing volume of production and sales.

    View Answer
  • Q8

    Define ‘Capital Structure’.

    Marks:1
    Answer:

    Capital structure refers to the mix between owners and borrowed funds.

    View Answer
  • Q9

    What is meant by ‘Encoding’ as an element of communication?

    Marks:1
    Answer:

    The process of converting the message into communication symbols like pictures, gestures, etc. is known as encoding.

    View Answer
  • Q10

    Give an example of ‘Employee Recognition Programmes’ as a non-financial incentive.

    Marks:1
    Answer:

    Providing achievement certificates to employees for outstanding performance in a specific period.

    View Answer