12th Business-studies Paper Solutions Set 1 : CBSE All India Previous Year 2012

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 :

Name the type of plan that provides the broad contours of an organisation”™s business.


Answer :

The type of plan that provides the broad contours of an organisation”™s business is “Strategy”™.A strategy refers to a comprehensive plan that is developed in order to achieve the objectives of an organisation. It includes three main dimensions−− namely, determining long-term objectives, adopting the required course of action and allocating the necessary resources.

Q2 :

Planning always lead to success.”™ Do you agree? Give reasons in support of your answer.


Answer :

No,planning does not always lead to success. Although, it defines the goals and objectives to be achieved and provides direction to the managers about what course of action is to be followed for achieving these objectives, planning may not work right in a changing environment. Business environment is dynamic in nature and changes continuously. Planning cannot foresee such changes and may prove futile. Therefore, it is clear from the above that planning does not always lead to success.

Q3 :

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


Answer :

The nature of management when it is practised as personal application of existing knowledge to achieve desired resultis “management as art”™. Management is considered an art because the manager applies the existing theories and principles based on his own knowledge, creativity and skill to achieve the desired result.

Q4 :

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


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q5 :

Give the meaning of “placement”™ as a step in the process of staffing.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q6 :

Define “communication”™.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q7 :

State any one “Development function”™ of Securities Exchange Board of India (SEBI).


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q8 :

State any one advantage of Over the Counter Exchange of India.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q9 :

State how “self-regulation of business”™ acts as a means of consumer protection.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q10 :

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


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q11 :

Explain how principles of management:

i.Help in optimum utilisation of resources and effective administration

ii.Help the managers in meeting changing environment requirements


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q12 :

Why is training important for the employees? State any three reasons.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q13 :

What is meant by “financial planning”™? State any two points of its importance?


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q14 :

Mansi, a shoe manufacturer for schools students, decided to maximise her profit by producing and distributing at large scale and thereby reducing average cost of production.

i.Identify the marketing management philosophy adopted by Mansi.

ii.Explain this philosophy on the basis of

a.Main focus

b.Means and ends


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q15 :

Explain any three assumptions of Maslow”™s Need Hierarchy Theory.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q16 :

Explain that technique of scientific management which is the strongest motivator for a worker to reach a standard performance.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q17 :

State any four points of importance of organising function of management.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q18 :

Investment decision can be long-term or short-term. Explain the long-term investment decision and state any two factors affecting this decision.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q19 :

Explain the following “Rights of consumers”™

a.Right to be informed

b.Right to seek redressal


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q20 :

Atul is working in an organisation. After every three months his managertransfers him from one department to another so that he may gain a broader understanding of all the departments of the organisation. Name and explain the method of training Atul is undergoing.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q21 :

Explain how management “increases efficiency”™ and “helps in development of society”™.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q22 :

State any five points that clarify how understanding of Business Environment helps the managers.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q23 :

State any five limitations of planning.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q24 :

Pranav is engaged in “Transport business”™. Identify the working capital requirements of Pranav stating the reason in support of your answer. Pranav also wants to expand and diversify his transport business. Explain any two factors that will affect his fixed capital requirements.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q25 :

Differentiate between advertising and personal selling on any five basis.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q26 :

What is meant by “Formal organisation”™? State any three advantages and any two limitations of formal organisation.

OR

Delegation is the entrustment of responsibility and authority to another and the creation of accountability for performance”™. In the light of this statement identify and explain the essential elements of delegation.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q27 :

What is meant by leadership? Explain any four qualities of a good leader.

OR

What is meant by directing as a function of management? Describe any four points of its importance.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q28 :

What is meant by budgetary control? State any five advantages of budgetary control.

OR

What is meant by controlling? State any five points highlighting the importance of controlling.


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q29 :

Explain any four functions of “stock exchange”™.

OR

Explain any four methods of floatation of new issue in the “primary market”™


Answer :

Please Register/Login to get access to all solutions Facebook Login
Q30 :

Consumer products are classified on different basis. “Durability of the product”™ is one of them. Explain any three types of products in this category.

OR

Physical distribution includes some components for physically moving the goods from manufacturers to the customers. Explain these components.


Answer :

Please Register/Login to get access to all solutions Facebook Login

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.