12th Business-studies Paper Solutions Set 1 : CBSE Delhi 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 which is time bound and linked with measurable outcome.


Answer :

The type of plan which is time-bound and linked with a measurable outcome is called an “objective plan”™. An objective plan aims at determining the desired future position of an organisation.

Q2 :

Planning is done for achieving the organisational goals.”™ Do you agree? Give one reason in support of your answer.


Answer :

Planning helps identify the goals to be achieved and the ways by which they can be achieved. Thus, it serves as the guidelines for the future course of action and assists in achieving organisational objectives efficiently.

Q3 :

Identify the nature of management when it is said to be systematised body of knowledge that explain certain general truths.


Answer :

The systematised body of knowledge that management possesses shows that it has the features of a science. Just as any other branch of science, management has its own body of knowledge which provides general truths that can be applied to various business situations.

Q4 :

At which level of management are the managers responsible for the welfare and survival of the organisation?


Answer :

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Q5 :

Give the meaning of “orientation”™ as a step in the process of “Staffing”™.


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Q6 :

Define “Formal Communication”™.


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Q7 :

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


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Q8 :

State any one objective of setting up National Stock Exchange of India (NSEI).


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Q9 :

How business associations act as a means of consumer protection? State.


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Q10 :

Give any one relief available to consumer who suffers due to consumption of expired date medicine.


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Q11 :

Explain how the principles of management:

a. Provide useful insights into the reality and

b. Help in thoughtful decision making


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Q12 :

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


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Q13 :

What is meant by “financial management”™? State the primary objective of financial management.


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Q14 :

Nisha, a school bag manufacturer decided to improve the product for the profit maximisation and thus added a water bottle holder to the existing design..

i. Identify the marketing management philosophy adopted by Nisha.

ii. Main focus and means and end


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Q15 :

Explain any three qualities of a good leader.


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Q16 :

Explain the technique of scientific management that is the extension of “Principle of division of work and specialisation”™.


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Q17 :

Describe briefly the steps involved in the process of organising.


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Q18 :

Explain the following as factors affecting financial decision.

i. Cost

ii. Cash flow position of business

iii. Level of fixed operating cost

iv. Control consideration


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Q19 :

Explain the following “Rights of a Consumer”™.

i. Right to safety

ii. Right to consumer education


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Q20 :

Manu, a Chief Manager in a company using highly sophisticated machines and equipments, wants that every employee should be fully trained before using the machines and equipments. Suggest and describe the best method of training that Manu can use for training the employees.


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Q21 :

What is “coordination”™? How it “integrates group efforts”™ and “ensures unity of action”™?


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Q22 :

State any five impacts of government policy changes on business and industry.


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Q23 :

State any five features of planning.


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Q24 :

Neelabh is engaged in “Transport business”™ and transports fruits and vegetables to different states. Stating the reason in support of your answer, identify the working capital requirements of Neelabh. Neelabh also wants to expand and diversify his transport business, explain any two factors that will affect his fixed capital requirements.


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Q25 :

Differentiate between marketing and selling on any five basis.


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Q26 :

What is meant by “Informal organisation”™? State the features of informal organisation.

OR

What is meant by decentralisation? State any four points of importance of decentralisation.


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Q27 :

Give the meaning of 'Supervision' as an element of 'Directing' and any four points

that explain its role.

OR

What is meant by 'Motivation'? Explain Maslow's need hierarchy theory of motivation.


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Q28 :

Describe the relationship between 'Planning' and 'Controlling'.

OR

Briefly explain the importance of Controlling.


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Q29 :

Explain any four functions of 'Financial-Market'.

OR

Explain any four functions of 'Stock Exchange'.


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Q30 :

Consumer products are classified on different basis. 'Shopping Efforts Involved' is one of them. Explain any three types of products in this category.

OR

Choice of channels of distribution depends on various factors. Explain any four factors which affect the choice of channels of distribution.


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