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WorksheetsBusiness studies class XII Quiz-9
Total questions: 20
Worksheet time: 10mins
Mr. Raj has taken over the new CEO of Narayan public Ltd. form the 1st of june. Has announced in his first address to all the managers of the company that he will be taking all the necessary steps and keeping the increase in raw material as his top most priority. Last year the raw material cost increased by over 3% and was brought the previous CEO of the company. This year Mr. Raj has announced that he will go for immediate action in case the cost of raw material increases by more than 5%.
Which principle of management control is indicated in the above case?
Key results area
Management by exception
Positive deviation
Negative deviation
In the recent ruling, the Supreme Court of India has ordered an immediate stop on commercial activities in a 500-metre radius of the Taj Mahal and asked Agra Development Authority to ensure compliance of its directive. Which dimension of business environment is reflected here?
social
Technological
legal
polictical
Match the following functions of management with their features:
(i-b) (ii-c)
(i-c) (ii-a)
(i-b) (ii-a)
(i-c) (i-b)
Assertion (A): Functional structure places less importance to organisation's objectives.
Reason (R): In functional structure, all the departments focus on their own objectives and not on organisational objectives.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
Both A ssertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
Manohar a sales manager in Essential Oils Ltd., exercises complete power and control over his subordinates. He does not like consulting his subordinates in any matter.
Which leadership style is being followed by Manohar?
Autocratic leadership
Democratic leadership
Free-rein leadership
Paternalistic leadership.
With the introduction of mineral water bottles in India, Bisleri was able to capture the big market share in India. Which importance of business environment is highlighted in the above case?
Helps to tap resources
Helps in policy making
Improves performance
Helps to identify opportunity and getting first mover advantage
Identify the principle of management in the statement "She divides the work into small tasks and each employee is trained to perform his/ her specialised job."
Unity of command
Division of work
Unity of direction
Discipline
ldentify the principle of management in the statement."The sales persons are allowed to close a deal with a buyer bv giving a maximum of 10% discount, whereas the decision to give any further discount rests with Radhika as the final authority.
Division of work
Initiative
Discipline
Centralisation and decentralisation
The management of Hima Ltd., has achieved the target of 20% profit in the previous year. However, they are hesitant to share the increased gain of the company with the workers.
Identity the principle of management being overlooked by the management.
Harmony, not Discord
Development of Individuals
Science, not Rule of thumb
None of these
Statement 1: "To establish interchangeability of manufactured parts and products" is an objective of 'simplification of work' technique of scientific management.
Statement 2: Simplification aims at eliminating superfluos varieties, sizes and dimensions while standardisation implies establishing standards of excellence and quality in materials.
Statement 1 is correct and statement 2 is not correct.
Statement 2 is correct and statement 1 is not correct.
Both the statements 1 and 2 are correct.
Both the statements 1 and 2 are not correct.
Which of the following statements is incorrect?
Providing liquidity to securities is one of the functions of stock exchange.
Process of holding shares in electronic form is known as Dematerialisation.
Securities Exchange Board of India performs the regulatory function of controlling insider trading and imposing
The main instruments traded in capital market are short-term debt instruments.
Tata Limited has a staff of 300 people which is grouped into different departments. The organisational structure depicts that 100 people work in Production Department, 150 in Finance Department, 20 in Technological Department and 30 in Human Resource Department. Identify the type of organisational structure being followed by the company.
Functional
Divisional structure
Informal structure
None of the above.
Given picture highlights a concept of financial management. Identify it.
Trading on equity
Financial Planning
Investment Decision
Dividend Decision
As per Consumer Protection Act, 2019, the consumer has a right to get relief in case the product or service falls short of his expectation.
Which consumer right is discussed in the above statement?
Right to be heard
Right to be assured
Right to seek redressal
Right to safety
In the paint industry, various raw materials are mixed in difterent proportions with petroleum for manufacturing different kinds of paints. One specifiC raw material is not readily and regularly available to the paint manufacturing companies. Bonler Paint Company is also facing this problem and because of this, there is time lag between placing a order and the actual receipt of the material. However, once it receives the raw materials, it takes less time in converting it into finished goods.
Idetify the factor affecting the working capital requirements of this industry.
Availability of Raw Materials
Cost
Risk
Cash flow position
Extended form of delegation of authority is called
specialisation
decentralisation
centralisation
division of labour
Radhika Ltd. uses environment friendly methods of production. Identify the objective it is trying to achieve.
economic objective
social objective
personal objective
organisational objective
Stock exchange helps in................................
providing liquidity to existing securities
contributing to economic growth
determining the prices of securities
all of the above
Sudha's grandmother in her will have shares worth 50 lakh in her name, when she opened the bank locker to get the share certificates, she found all were in very bad shape, half torn, etc. To overcome this problem, the financial market has started a new concept called
Dematerialisation
Demutualisation
Both Dematerialisation & Demutualisation
None of these
Raghu purchased a truck worth 35 lakhs. The truck had some in-built problems and after some days stopped working properly. Since it was in the guarantee period, it was shown to the company. The people in the company refused to attend Raghu's complaints. It was heart breaking for him so he decided to file a complaint in the District Commission. The District Commission on hearing the pleas from both the parties, gave decision in favour of the truck company. It was shockingly bad news for Raghu. At what level of authority, should Raghu file a complaint
Supreme Court
State Commission
District Commission
National Commission
