Business Studies 2010 CBSE [ All India ] Set II
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Q1
Hero Ltd’s target is to produce 10,000 shirts per month at a cost of Rs. 150 per shirt. The Production Manager could achieve this target at a cost of Rs. 160 per shirt. Do you think the Production Manager is ‘effective’ ? Give reason in support of your answer.
Marks:1Answer:
Yes, he is effective as he is able to produce 10,000 shirts in a month but he is not efficient as he has exceeded the production cost.
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Q2
Name the method of training in which the trainee learns under the guidance of a master worker.
Marks:1Answer:
Apprenticeship Training.
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Q3
Name any two essential ingredients of sound working capital management.
Marks:1Answer:
Nature of Business and Business Cycle Fluctuations.
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Q4
‘Cost of debt’ is lower than the ‘cost of equity share capital’. Give reasons why even then a company cannot work only with the debt.
Marks:1Answer:
To avoid permanent burden of paying interest, a company cannot work only with the debt.
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Q5
Which Act of consumer protection provides safety to consumers against deficient services?
Marks:1Answer:
Consumer Protection Act, 1986.
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Q6
Why is consumer protection important for businessmen? Give any one reason.
Marks:1Answer:
Consumer protection is important for businessmen for maximising long term profit.
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Q7
List any two social objectives of management.
Marks:1Answer:
Employment opportunities and environment friendly methods of production.
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Q8
Give any one reason why principles of management are called contingent?
Marks:1Answer:
They are called contingent as they can be modified by manager when the situation so demands. The application has to be changed as per requirements.
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Q9
State the objective of time study.
Marks:1Answer:
The main objective of time study is to determine the standard time taken to perform a well defined job.
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Q10
Give any one limitation of internal sources of recruitment.
Marks:1Answer:
The scope of induction of fresh talent is reduced.