Business Studies 2012 CBSE [All India] Set 1
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Q1
Name the level of management at which the managers are responsible for implementing and controlling the plans and strategies of the organisation.
Marks:1View AnswerAnswer:
Middle level management.
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Q2
Give any one responsibility of a consumer in addition to obtaining cash receipt while purchasing a washing machine.
Marks:1View AnswerAnswer:
A consumer should look for an ISI mark on the washing machine as it would provide quality assurance of the product.
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Q3
Name the type of plan which provides the broad contours of an organisation’s business.
Marks:1View AnswerAnswer:
Strategy.
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Q4
State how ‘Self regulation by business’ acts as a means of Consumer Protection.
Marks:1View AnswerAnswer:
Socially responsible firms following ethical standards and practices in dealing with their customers, such as setting up customer service and grievance cell to address consumer problems and grievances.
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Q5
Identify the nature of management when it is practiced as personal application of existing knowledge to achieve desired results.
Marks:1View AnswerAnswer:
Management is an ‘Art’ when it is practiced as personal application of existing knowledge to achieve desired results.
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Q6
‘Planning always leads to success’. Do you agree? Give reason in support of your answer.
Marks:1View AnswerAnswer:
No, planning does not always guarantee success because it is based on assumption of future trends which are uncertain and relate to a dynamic business environment.
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Q7
State any one advantage provided by Over The Counter Exchange of India.
Marks:1View AnswerAnswer:
Over the Counter Exchange of India provides a trading platform to small and medium companies, by allowing them to raise finance cost effectively.
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Q8
State any one developmental function of Securities and Exchange Board of India (SEBI).
Marks:1View AnswerAnswer:
SEBI conducts research and publishes information useful to all market participants.
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Q9
Give the meaning of ‘Placement’ as a step in the process of staffing.
Marks:1View AnswerAnswer:
Placement refers to occupying of position or post in the organisation by the candidate for which he/ she has been selected.
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Q10
Define ‘Communication’.
Marks:1View AnswerAnswer:
Communication is a process of exchange of ideas, views, facts or feelings among people to create a common understanding.
