Business Studies: 2017: CBSE: [All India]: Set – II
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Q1
What is meant by 'Capital Structure'?
Marks:1View AnswerAnswer:
Capital structure refers to the mix between owners and borrowed funds.
Owner’s funds consist of equity share capital, Preference share capital, Reserves & surplus. Borrowed funds consist of Debentures, Loans, Deposits, etc. A company needs to decide upon the optimum mix of these sources, which refers to the capital structure.
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Q2
Why is 'Aptitude Test' conducted in the process of selection?
Marks:1View AnswerAnswer:
Aptitude test is conducted to find out whether the potential candidate has the capacity and talent to learn in future on a specific job.
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Q3
Mansi took her niece, Ridhima, for shopping to 'Mega Stores' to buy her a bag for her birthday. She was delighted when on payment of the bag she got a pencil box along with the bag free of cost. Identify the technique of sales promotion used by the company.
Marks:1View AnswerAnswer:
The technique of sales promotion being used by the company is 'Product Combination'.
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Q4
Sika Ltd., a reputed industrial machines manufacturer, needs Rupees twenty crores as additional capital to expand the business. Mr. Amit Joshi, the Chief Executive Officer (CEO) of the company wants to raise funds through equity. The Finance Manager, Mr. Narinder Singh, suggested that the shares may be sold to nvesting public through intermediaries, as the same will be less expensive. Name the method through which the company decided to raise additional capital.
Marks:1View AnswerAnswer:
The method through which Sika Ltd. decided to raise additional capital is 'Offer for Sale'.
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Q5
Differentiate between 'formal' and 'informal' organisation on the basis of 'flow of communication'.
Marks:1View AnswerAnswer:
Basis
Formal
Informal
Flow of communication
Communication takes place through a properly defined scalar chain
Communication can take place in any direction as there is no planned communication
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Q6
Give the meaning of ‘supervision’ as an element of Directing.
Marks:1View AnswerAnswer:
Supervision is the process of guiding and instructing the subordinates towards achieving the desired goals. It implies overseeing the work of the subordinates.
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Q7
Bhagwati Enterprises is a company engaged in the marketing of air-conditioners of a famous brand. The company has a functional structure with four main functions – Purchase, Sale, Finance and Staffing. As the demand for the product grew, the company decided to recruit more employees.
Identify the concept which will help the Human Resource Manager to find out the number and type of personnel available so that he could decide and recruit the required number of persons for each department.
Marks:1View AnswerAnswer:
Workload Analysis will help the Human Resource Manager in finding the number and type of personnel available so that he could decide and recruit the required number of persons for each department.
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Q8
Isha Machines was a renowned name for quality sewing machines since 1960. Mr. Suresh, the owner of Isha Machines, was worried as the production had declined during the last three month. He directed the Production Manager to find out the reason. The production Manager ordered the different supervisors to prepare a performance report of the workers working under them. Identify the step taken by the Production Manager that is related to one of the functions of management.
Marks:1View AnswerAnswer:
The step taken by Production Manager is Measurement of Actual Performance under the controlling function of management.
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Q9
Explain briefly 'Initiative' and 'Espirit de Corps' as principles of general management.
Marks:3View AnswerAnswer:
Initiative: The successful management provides an opportunity to its employees to suggest their new ideas, experiences and more convenient methods of work. The employees who has been working on the specific job since long discovers new, better, alternative approach and technique of work. So according to this principle, it is the duty of the manager to encourage the feeling of initiative among the employees for doing some work or taking some decisions but within the parameters of authority and discipline.
'Espirit de Corps': It recommends that the employees should work in unity. Team spirit should be promoted by the manager. Each employee should have a sense of belongingness. This proves useful in the large organisations where without team work, achievement of objectives would become difficult. Team sprit increases coordination and mutual understanding among the employees and thereby improves efficiency.
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Q10
State any three points of importance of planning.
Marks:3View AnswerAnswer:
Planning provides Direction: Planning states in advance how work is to be done thus providing direction to the enterprise. This helps the organisation to achieve predetermined goals.
Reduces the Risk of Uncertainty: Planning helps the organisations to anticipate the possible future changes, prepare for the unexpected events, identify potential dangers for business and develop managerial responses for future changes.
Promotes innovative ideas : Planning helps in setting up new ideas and methods to attain goals of the enterprise. It also makes the managers innovative as well as creative.
