Business studies Class XII Quiz-19

Maira Electronics is a manufacturer of smartphones and famous for its quality. It is a large organisation, so each and every piece produced cannot be checked. So the company made a policy that out of 500 smartphones produced a day, 20 smartphones would be randomly selected for a quality check.Identify the step of controlling process discussed above :

• Setting performance standards
  

• Measurement of actual performance
  

• Comparing actual performance with standards
  

• Taking corrective action

'In order to survive, every management has some basic product or service to provide. This requires a production process which entails the flow of input material and the technology for transforming this input into the desired output for consumption.'The dimension of management discussed above is:

• Management of work
  

• Management of people
  

• Management of operations
  

• None of the above

'Payal Ltd.' plans to start manufacturing solar panels which will require a significant amount of investment in machinery. The machinery which they intend to purchase is newly launched in the market. It will not only reduce the cost per unit, but also double the production as compared to the machines used by other solar panel manufacturers already existing in this business. The Chief Executive Officer of 'Payal Ltd.' asked the finance manager to forecast the fund requirements for purchasing the above machinery to ensure that enough funds are available at the right time. From the following, identify the concept about which the Chief Executive Officer is discussing with the finance manager:

• Capital Budgeting

• Trading on Equity

• Financial Planning

• Wealth Maximisation ​

Veena received ₹ 40 lakhs as a gift from her father. She was discussing various avenues of investing her money with her brother. He advised Veena to invest her money in shares of Moreso Ltd., a reputed company. He further added that it would not only generate good returns over the long term, but could easily be sold whenever required.

Identify the function of stock exchange being highlighted by Veena's brother in the above case:

• Pricing of securities
  

• Providing liquidity and marketability to existing securities
  

• Safety of transactions
  

• Providing scope for speculation

'XYZ Ltd.' is using registers to record attendance of the employees in this new tech era. The Human Resource Manager is facing problems due to the dishonest behaviour of employees as they are writing wrong working hours. Not only this, the Production Manager is also worried about the theft of raw materials every day. To resolve these problems, the company started using biometric attendance systems and installed cameras at important areas to keep an eye on the actions of the employees. This helped in reducing dishonest behaviour of employees to a large extent.The point of importance of controlling highlighted in the above is:

• Improving employee motivation
  

• Ensuring order and discipline
  

• Making efficient use of resources
  

• Accomplishing organisational goals

'ABC Ltd.', a large multinational company had approximately 1000 employees in each of its departments. The company had five departments. In this organisation, leave applications of the employees had to be approved by the departmental heads. This approval is delayed due to large number of leave applications in each department. This led to a lot of dissatisfaction amongst the employees. To resolve this problem, the Chief Executive Officer of the organisation called a meeting of all departmental heads. It was decided to assign the approval of leave applications up to 10 days to the managers at all levels. It was also decided that it will be assigned till the lowest level throughout the organisation. Since the decision-making authority was shared with lower levels and placed nearest to the point of action, they could approve or deny leave applications without requiring higher level approval. After the policy change, employees at all levels noticed an improvement in the sanctioning of leave applications.The concept of management which led to an improvement in the speed and flexibility of leave approval is:

• Organising
  

• Delegation
  

• Decentralisation

• Authority

7. Identify the external source of recruitment displayed in the picture given below:

• Advertisement
  

• Direct recruitment
  

• Web publishing
  

• Labour contractors

Which of the following statement is incorrect in respect of responsibility of a consumer while purchasing, using and consuming goods and services?

• Check ISI mark on food products before buying.

• Ask for a cash-memo on purchase of goods and services.

• Read labels carefully so as to have information about prices, net weight, manufacturing and expiry dates, etc.

• Assert yourself to ensure that you get a fair deal.

If the shareholders in general desire that at least a certain amount is paid as dividend, the companies are likely to declare the same. The above statement highlights which of the following factors affecting dividend decision?

• Amount of Earning
  

• Shareholders' Preference
  

• Stability of Earnings
  

• Stability of Dividends

the process of holding securities in an electronic form is known as:

• Rolling statement

• Registration

• Dematerialisation

• depository