Business studies Class XII Quiz-16

The newly appointed Production Manager of Saheb Ltd., a firm manufacturing toys, Mr Ahrawat noticed that the workers in the factory were not giving their best as the physical conditions in the factory were not good. He conducted an experiment to see the effect of improvement in the physical conditions in the factory on the performance of the workers, by providing adequate ventilation and water facilities. He observed that the fatigue level of the workers reduced. The nature of management being highlighted in the above case is:

• Management as science

• Management as profession

• Management as art

• both Management as science and Management as profession

Jasmine Ahluwalia is the manager of an artefacts museum's marketing team, responsible for promoting exhibitions and events. In the previous season, she defined the total work of managing the events into graphic designing, registration inquiries, bill payments, etc, in order to facilitate specialisation. However, instead of allocating work, she had assigned each team member the full responsibility of managing the promotion of an entire event. Inspite of holding regular team meetings to take feedback, Jasmine found problems throughout the events season in the quality of graphic design, registration inquiry, bill payments, etc,. For the upcoming events season, Jasmine has decided to divide these responsibilities on the basis of her observation of the areas in which the individual team members have excelled in the previous season and allocate the roles based on their skills and competencies. Identify the step in the organising process which was not properly performed in the previous season but has been duly performed for the upcoming season.

• Identification and division of work

• Establishing reporting relationships

• Departmentalisation

• Assignment of duties

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:

Assertion(A): Financial Planning aims at enabling the company to tackle the uncertainty in respect of the availability and timing of the funds.

Reason(R): Capital structure refers to the mix between owners’ and borrowed funds

• Both Assertion (A) is false and Reason (R) are true.

• Both Assertion (A) and Reason (R) are false.

• Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of the Assertion. .

• Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of the Assertion

Read the following statements carefully:

Statement I: Secondary Market directly promotes capital formation.

Statement lI: Capital market deals in medium and long term securities such as equity shares and debentures. In the light of given statements, choose the correct alternative from the following:

• Both the statements are true.

• Both the statements are false.

• Statement I is true, Statement II is false.

• Statement II is true, Statement I is false.

Choose the statement that correctly highlights the benefit of using external sources of recruitment.

• Competitive spirit among the existing staff

• Reduction in employees turnover

• Helps in increasing employees satisfaction

• Develops a sense of security amongst employees

Goodwill Enterprises is a large-scale automobile manufacturer, who fulfills the needs of both industrial users and consumers. The company is providing easy finance facilities at a low rate of interest, which has considerably increased the demand for the product. The company has installed a new branch management software to efficiently manage and coordinate activities across their multiple branches and locations. Identify the components of the business environment from the above case study.

• Political and economic environment

• B. Economic and social environment

• Technological and legal environment

• Economic and technological environment

Identify the responsibility that a consumer fulfills when he looks for the quality marks given above:

• Assert yourself to ensure that you get a fair deal

• Getting a proper receipt

• Buy only standardised products

• Be honest in your dealings

Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:

ASSERTION (A): Controlling can prevent deviations.

REASON (R): Controlling helps in minimising deviations by taking actions and decisions that reduce their recurrence.

• Both Assertion (A) and Reason (R) are true and Reason is the correct explanation of Assertion.

• Both Assertion(A) and Reason (R) are true and Reason is not the correct explanation of Assertion.

• Assertion (A) is true, Reason (R) is false.

• Assertion(A) is false, Reason(R) is true

‘Joining a job marks the beginning of socialisation of employees at the workplace. The employee should be given a post for which he has been selected.’ Place the subsequent steps of staffing in a small organisation in the correct order:

• Training and development, promotion and career planning, performance appraisal, compensation

• Performance appraisal, training and development, promotion and career planning, compensation

• Training and development, performance appraisal, promotion and career planning, compensation

• Training and development, performance appraisal, compensation, promotion and career planning

Spiceworks, a company providing financial services to its clients is keeping a close check on the employee’s activities by using biometric and retina scanning as modes of accessing the office premises, in order to ensure greater security of information in the organisation. Choose the correct point of significance of controlling highlighted above:

• controlling helps in achievement of organisational goals

• controlling helps in ensuring order and discipline

• controlling helps in improving employees motivation

• controlling enables optimum utilisation of resources