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12th Class Business Studies Sample Paper

Business Studies Sample Paper-14 Total Questions - 25 [Download]

1)

Dreams can be turned into reality only when managers think in advance 'what to do and how to do it'? Name the function of management indicated by this statement.
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2)

The operations manager set a limit of 5% deviation in production and decided to take corrective action only if deviations occurred beyond 5%. Name the controlling principle applicable here.
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3)

"It means overseeing the subordinates at work." Which element of directing is referred to?
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4)

Name and explain the on-the-job method of training that is used to give training to electricians.
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5)

Which limitation of planning suggest that the employees stop thinking and become the blind followers of plan?
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6)

You are a management guru. In your opinion, is controlling the last or the beginning of the process of management?
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7)

What is the limit for amount of compensation claimed, to make a complaint in The National Commission' for deficiency in goods and services?
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8)

OTCEI has been established on the lines of which foreign agency?
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9)

Calculate the Debt Service Coverage Ratio of Murari Ltd from the information given below:

Profit After Tax (PAT) Rs. 3,75,000

Depreciation for the year Rs. 52,000

Interest payments Rs. 65,000

Dividend paid to preference shareholders Rs. 20,000

Repayment of loan Rs. 15,000

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10)

"The understanding of principles of management is necessary for a manager." Do you agree with this statement? Give two reasons in support of your answer.
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11)

"Directing is the least important function of management." Do you agree with this statement? Give any three reasons in support of your answer.
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12)

Raj Wadhawan is thinking of establishing a steel manufacturing company. In his research, he found out that this sector is expected to grow at a rate of 20% annually and presently the demand far exceeds its supply. He has also managed to include Kshitij in his plans, who has the experience of working in TISCA Steel Plant for 10 years. Kshitij informs him that a steel manufacturing company has the following main jobs:

[a] Manufacturing

[b] Finance

[c] Marketing

[d] Personal

[e] Research and development

(i) Which type of organisation structure will be suitable for this type of a company?

(ii) State any two advantages of this organisational structure.

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13)

"Comparing the actual performance with the laid standards, finding out the deviations and taking corrective action is an important function of management." Name the function and explain the process.
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14)

"The process of selection involves judgement about the performance potential of the candidate and thus, involves a number of steps." Explain these steps in brief.
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15)

Rahul purchased a washing machine from an electronics store at a discount of 40%. The salesman assured him of the quality and assured that the product was in proper working condition, but was put up in sale due to off-season and stiff competition in the market. Believing him, Rahul bought the machine without bill to get an additional benefit of tax reduction. After two months, the machine broke down. The seller refused to either accept the complaint or take any further step to compensate for the loss. Rahul also cannot file a case against the seller as he had not fulfilled his responsibilities at the time of sale. What were the responsibilities of Rahul here, while purchasing and using a washing machine? (Any four)
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16)

Manav, who is an MBA, has been appointed at the post of general manager in HCPC Ltd. Soon after his joining, he decided to set-up a chemical plant in a residential area. Also, he withdrew all kinds of donation and charity going for running of hospitals and schools for the children of employees.

(i) Do you think Manav is correct in his decision?

(ii) If not, in what reference and what values are being ignored?

(iii) How can he rectify his mistake? Suggest.

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17)

"The activities involved in managing an enterprise are common to all organisations whether social or political." Explain this statement with reference to characteristics of management.
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18)

'An important task in the marketing of goods relates to designing the label as it provides useful and detailed information about the product." In the light of the above statement, draw a label for a liquid soap and highlight the important information to be provided on it.
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19)

State and explain any four principles of management as given by Fayol.
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20)

"Organising is the harmonious adjustments of specialised parts of the accomplishment of some common purpose or purposes." In the light of this statement, explain any five points of importance of organising.
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21)

Explain the regulatory and developmental functions of SEBI.
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22)

Playtime Ltd is a leading manufacturer of plastic toys. The management of the company has only one objective and that is of profit maximisation. The company uses toxic plastic for making the toys even for infants and advertises that all its toys are made up of non-toxic plastic. The other asthetics of toy-making, such as smooth edges, safety concerns, etc are also overlooked by the company. The company also infringes upon the patent rights of other known companies such as Leo Mattel, Playway, etc. The factory also emits lots of smoke and degrades the environment. The company overlooks this issue also and is busy in profit making.

(i) As per the above case, what values are overlooked by the company?

(ii) What are the steps that should be taken by the company to secure the society?

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23)

Neha is running a business of making canned fruits and jams from her village, Sumti in Himachal Pradesh. She had started the business single handedly from her own kitchen Her superior quality and reasonable price has propelled her towards success. Presently she employs over 100 employees, most of them women and last year her company registered a turnover of Rs. 10 crore. She keeps on giving financial incentives to her employees as she wants them to be partners in her success, but now she is considering of giving psychological and emotional incentives to her staff to increase productivity.

(i) What are these incentives called?

(ii) Explain any five types of these incentives.

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24)

Niharika, the finance manager of Woolmills Pvt Ltd, a firm dealing in telecommunication equipment chose a capital structure which was highly geared.

(i) What do you understand by a highly geared capital structure?

(ii) What are the implications of choosing such a structure?

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25)

What is price? Discuss various factors which affect the fixation of price of a product.
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