12th Business-studies Paper Solutions Set 1 : CBSE Delhi Previous Year 2011

General Instructions:
(i) Answer to questions carrying 1 mark may be from one word to one sentence.
(ii) Answer to questions carrying 3 marks may be from 50 to 75 words.
(iii) Answer to questions carrying 4-5 marks may be about 150 words.
(iv) Answer to questions carrying 6 marks may be about 200 words.
(v) Attempt all parts of a question together.
Q1 :

Your grandfather has retired as the Director of a manufacturing company. At which level of management was he working? Different type of functions are performed at this level. State one function.


Answer :

As director of a manufacturing company, he was working at the top level of management. Of the various functions he would have performed, the most important would have been formulating the goals and policies of the organisation.

Q2 :

What is meant by management?


Answer :

Management can be defined as a process of getting a task done for achieving the goals of an organisation in an efficient and effective manner. It is the process of planning, organising, staffing, directing and controlling, performed in such a way as to achieve the goals of an organisation with minimum cost and resources.

Q3 :

What is meant by principles of management?


Answer :

The principles of management refer to the guidelines to take managerial decisions and actions, which give managers useful insights into various business situations. These principles form the fundamentals of management and aim at increasing the efficiency of an organisation.

Q4 :

State any one principle of scientific management.


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Q5 :

'The understanding of business environment helps the managers to identify 'threats'.'' What is meant by threats here?


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Q6 :

'Business environment includes both specific and general forces.' List any four specific forces.


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Q7 :

Explain in one sentence how direction initiates action in management.


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Q8 :

Why it is said that 'controlling is continuous activity'?


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Q9 :

What is important while analysing deviations in controlling?


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Q10 :

Define Financial Management.


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Q11 :

Explain any two impacts of government policy changes on Business and Industry.


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Q12 :

Differentiate between 'policy' and 'rule' as types of plans.


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Q13 :

Why is staffing considered an important function of management in all types of organisations? State any three reasons.


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Q14 :

Explain the concept of 'Motivation' and 'Leadership'.


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Q15 :

Explain any two functions of 'marketing'.


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Q16 :

State any four features of planning.


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Q17 :

''If we delegate the authority, we multiply it by two, if we decentralise it, we multiply it by many''. In the light of this statement explain any four points of importance of decentralisation.


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Q18 :

What is meant by 'Budgetary Control' as a technique of controlling? State any three advantages of it.


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Q19 :

What is meant by 'Money Market'? Explain any two instruments used in Money Market.


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Q20 :

'In today's commercial world, the stock exchange performs many vital functions which leads the investors towards positive environment'. Explain how by giving any four reasons.


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Q21 :

'Management is regarded as an Art by some, as Science or as an inexact science by others. The truth seems to be somewhere in between'. In the light of this statement explain the true nature of management.


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Q22 :

Explain any two techniques of Taylor's Scientific Management.


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Q23 :

'Internal sources of recruitment are better than external sources of recruitment'. Explain any five reasons in support of this statement.


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Q24 :

'Determining the relative proportion of various types of funds depends upon various factors'. Explain any five such factors.


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Q25 :

What is meant by Brand Name? State any four characteristics of a good Brand Name.


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Q26 :

What is meant by Functional Structure? State any five advantages of this form of organisational structure.

OR

What is meant by a 'Formal Organisation'. State any five advantages of this form of organisation.


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Q27 :

Explain any four semantic barriers of communication.

OR

Explain the role of supervision as an element of directing function of management.


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Q28 :

'Sound Financial Planning is essential for the success of any business enterprise'. Explain this statement by giving six reasons.

OR

You are the financial manager of a newly established company. The Directors have asked you to determine the amount of working capital requirement for the company. Explain any four factors that you will consider while determining the working capital requirement for the company.


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Q29 :

Name the element of marketing-mix in which a set of firms and individuals creates possessions, place and time utility and helps in market offering. Also explain any five important functions performed by this element.

OR

Identify and explain the promotional tool of marketing-mix which plays a persuasive, service and informative role and thereby link a business firm to its customers. Also explain by giving any four reasons how this tool helps in increasing the sales of businessmen.


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Q30 :

Reena purchased one litre of pure Deshi Ghee from a shopkeeper. After using it she had a doubt that it is adulterated. She sent it for a laboratory test which confirmed that the Ghee is adulterated. State any six reliefs available to Reena, if she complaints and the consumer court is satisfied about the genuineness of the complaint.

OR

Prakhar purchased an ISI mark electric iron from 'Bharat Electrics'. While using he found that it is not working properly. He approached the seller and complained for the same. The seller satisfies Prakhar by saying that he will ask the manufacturer to replace this iron. The manufacturer refused and Bharat Electricals decided to file complaint in the customer court.

Can 'Bharat Electricals' do this? Why? Also explain 'who is the consumer as per Consumer Protection Act, 1986.


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12th Business-studies Paper Solutions Set 1 : CBSE All India Previous Year 2013 will be available online in PDF book soon. The solutions are absolutely Free. Soon you will be able to download the solutions.