Business Studies: 2018: CBSE: [Delhi] Set I
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Q1
Define 'Decentralisation'.
Marks:1View AnswerAnswer:
Decentralisation is the result of policy decision of the top management. It refers to a systematic delegation of authority at all the levels of management and in all the departments of an organisation to take decision.
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Q2
Give the meaning of 'Method' as a type of plan.
Marks:1View AnswerAnswer:
Method is a formalised and standardised way of accomplishing repetitive and routine jobs. It describes how one particular step of a procedure is to be performed.
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Q3
Saurabh decided to start a chocolates manufacturing business. He set the target of earning 10% profit on sales inthe first year. As a good businessman, he was concerned about the future of the business, which was uncertain. Hegathered information that the demand for chocolates is increasing day-by-day. He used this information as the basefor future planning and shared it with his team. On the basis of the gathered information, he scheduled a meeting inthe following week to find innovative ways to achieve the objectives.
List the first two steps, which have been followed by Saurabh that are related to the process of one of the functionsof management.
Marks:1View AnswerAnswer:
The steps describe above relate to planning function of management.
The steps followed by Saurabh are:
1. Setting objectives- it is the first step of planning. Objectives provide direction to all departments of an organisation.
2. Developing premises- Involves development of certain assumptions in order to plan future course of action
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Q4
In the paint industry, various raw materials are mixed in different proportions with petroleum for manufacturing different kinds of paints. One specific raw material is not readily and regularly available to the paint manufacturingcompanies. Bonler Paints Company is also facing this problem and because of this there is a time lag betweenplacing the order and the actual receipt of the material. But, once it receives the raw materials, it takes less time inconverting it into finished goods.Identify the factoraffecting the working capital requirements of this industry.
Marks:1View AnswerAnswer:
The factor affecting the working capital requirement here is:
Availability of raw materials: If the raw material is easily available, then lower stock levels are required. But if the raw material isnot regular in supply, then high stock level are required, which also leads to more working capital.
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Q5
An investor wanted to invest `20,000 in Treasury Bills for a period of 91 days. When he approached the ReserveBank of India for this purpose he came to know that it was not possible.Identify the reason why the investor could not invest in the Treasury bill.
Marks:1View AnswerAnswer:
The investor could not invest in the Treasury bill as the minimum amount required for such instrument is `25,000 and its multiples thereof.
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Q6
Why is the understanding of 'Marketing Management Philosophies' important?
Marks:1View AnswerAnswer:
It is important to understand the marketing management philosophies as it helps to know the level of attention to be given to different factors to achieve the desired outcome in the target market.
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Q7
Give the constitution of the District Consumer Disputes Redressal Forum under the Consumer Protection Act, 1986.
Marks:1View AnswerAnswer:
District Forum consists of a president and two other members, one of whom shall be woman. President shall be a working or retired judge of District Court. President is appointed by the State Government on the recommendation of the selection committee.
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Q8
'Buy one get one free' is printed on the label of the package of a mosquito repellant.State the labelling function being performed by this statement.
Marks:1View AnswerAnswer:
The labelling function performed here is:
Promotion of goods: With the help of promotional messages like ‘Buy one get one free’, customers are attracted in buying the product. Use of attractive Labels is one of the marketing strategies adopted by the companies.
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Q9
Differentiate between formal and informal organisations on the basis of (i) origin, (ii) authority, and (iii) flow of communication.
Marks:3View AnswerAnswer:
Basis
Formal Organisation
Informal Organisation
Origin
It arises out due to company rules and regulations.
It arises due to social interaction among the employees.
Authority
It emerges with the virtue of position in the management.
It emerges due to personal qualities of the person.
Flow of Communication
It follows formal route of communication through scalar chain.
It does follow any channel and can take place in any direction.
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Q10
State the steps in the selection procedure, after the employment interview and before the job offer.
Marks:3View AnswerAnswer:
The required steps in selection procedure are:
- Reference and background checks: It involves employers asking information about the names, addresses and numbers of the references so as to know about the credibility of the prospective candidate to be selected.
- Selection decision: this decision is made after the candidates passes the selection tests, interviews and background checks. The decision of the concerned manager is taken into consideration for selecting the best candidate.
- Medical examination: after the selection of candidate, he/she is required to go through the medical examination so as to if he/she is fit for the job.
