Business studies class XII Quiz-2

Zoya Fashion Private Limited has, in advance, given targets to all its employees. This has lead to more focused approach resulting in saving of resources. All the employees are, therefore, happy and satisfied. Which importance of planning is highlighted in the given case?

• Planning provides direction

• Planning promotes innovative ideas

• Planning facilitates decision-making

• Planning reduces the risk of uncertainty

Answer explanation

The importance of planning highlighted in the given case is that it provides direction.

Mr. Raj purchased the raw material (required by company in which he is purchase manager) at a higher price from a relative. Which principle is violated here?

• Equity

• Discipline

• Order

• Subordination of individual interest to general interest

Answer explanation

The principle violated here is 'Subordination of individual interest to general interest' because Mr. Raj prioritized his personal relationship over the company's best interest.

To conserve tigers, Airexpress started an earnest awareness campaign ‘Save our Tigers’. Which objective of management is highlighted here?

• Personal

• Organisational

• Social

• Both (b) and (c)

Answer explanation

The objective of management highlighted in the 'Save our Tigers' campaign is social, as it aims to conserve tigers and raise awareness among the public.

Choose the incorrect statement from the following?

• Management is a goal-oriented process

• Management is a rigid process

• Management is a dynamic process

• Management is a continuous process

Answer explanation

The incorrect statement is 'Management is a rigid process'. Management is a goal-oriented, dynamic, and continuous process.

Which of the following statements is incorrect with respect to business environment?

• Business environment is dynamic in nature which keeps on changing

• Business environment is easy to understand in totality

• Business environment is the sum total of all the factors external to a business firm

• Business environment is uncertain as it is difficult to predict the future environmental changes

Answer explanation

The incorrect statement is that the business environment is easy to understand in totality. It is dynamic, uncertain, and difficult to predict future changes.

Organisation helps in maintaining______in working relationships.

• complexity

• uncertainty

• ambiguity

• clarity

Answer explanation

Organisation helps in maintaining clarity in working relationships.

Uma works as the production manager in a company. Due to excess work, he transfer some of his authority of performance to his subordinate, Rajesh. However, the company did not like this move as most of the decisions are taken by top level management in the organisation. This created rumours in the organisation about the possible termination of Uma. It was later clarified that no such step was taken by the top management. Which type of structure is highlighted in the line, “Uma works as the production manager in a company”?

• Divisional

• Functional

• None of the above

• Both of the above

Answer explanation

The line 'Uma works as the production manager in a company' highlights the Functional structure.

The process of introducing the selected employee to other employees and making him familiar with rules and policies of the organisation is known as

• career planning

• promotion

• orientation

• compensation

Answer explanation

Orientation is the process of introducing the selected employee to other employees and familiarizing them with the organization's rules and policies.

• A (iii) B(ii) C(i)

• A (ii) B(i) C(iii)

• A (i) B(ii) C(iii)

• A (ii) B(iii) C(i)

Who gave the concept of scientific management?

• Philip Kotler

• F W Taylor

• Henry Fayol

• Seymour

Answer explanation

F W Taylor is the correct choice for the concept of scientific management. He is known as the father of scientific management.