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WorksheetsBusiness studies class XII Quiz-14
Total questions: 20
Worksheet time: 10mins
'Vanguard Inc.', a company manufacturing footwear for men, women and children has been earning consistent profits for the last many years. It has a democratic style of working. Workers are encouraged to develop and carry out plans for improvement in the organisation. Varun who is working in the production department gave a suggestion which resulted in 10% reduction in the cost of production of shoes. He was rewarded for his suggestion. Identify the principle of management followed by 'Vanguard Inc.' in the above case:
Esprit De Corps
Subordination of Individual Interest to General Interest
Initiative
Equity
'Child-O' is a garment manufacturing company which makes clothes with unique and stylish designs for children. Naisha was working as the Human Resource Manager with 'Child-O'. Inspite of good pay and many other benefits offered, the company is facing problem of high turnover of its employees. Naisha tried to find out the reason but could not. She appointed a person with the permission of the Chief Executive Officer to find out the reason. It was found that other organisations were giving more autonomy and authority to their employees which made them feel that their jobs were important. This was attracting the employees of 'Child-O' to other organisations. The incentive which attracted the employees of 'Child-O' to other organisations is
Employee recognition programmes
Employee participation
Career Advancement Opportunity
Employee empowerment
Since business environment consists of numerous interrelated and dynamic conditions or forces which arise from different sources, it becomes difficult to comprehend at once what exactly constitutes a given environment'. Thus it is relatively easier to understand the environment in parts but difficult to grasp in its totality. Identify the feature of business environment highlighted above:
Uncertainty
Complexity
Relativity
Dynamic nature
Naman and Vineet were childhood friends and both were working in 'Sunshine Crockery.' Naman was working as the Chief Executive Officer while Vineet was the Production Manager. They would generally discuss company related issues over lunch-time or while travelling together. The company had recently received an order for supply of 5,000 dinner sets from Shaurya Hotel. It was an unexpected order and would increase the revenue of the company. This order was communicated by Naman to Vineet over intercom. Vineet executed the order within the given time period. For this, he was appreciated by Naman. The type of communication used by Naman to communicate the order to Vineet was:
Formal Communication
Informal Communication
Online Communication
Visual Communication
Statement-I: The basic function of a Stock Exchange is the creation of a continuous market where securities are bought and sold.
Statement-II: The Stock Exchange provides both liquidity and easy marketability to already existing securities in the market. Choose the correct option from the following:
Statement-I is true and Statement-II is false.
Statement-II is true and Statement-I is false.
Both the Statements are true.
Both the Statements are false.
As per Plastic Waste Management Rule 2022, single use plastic items were prohibited in Delhi from 1st July, 2022. The dimension of business environment referred to here is:
Economic environment
Legal environment
Technological environment
Political environment
Statement-I: Motivation can be either positive or negative.
Statement-II: Motivation is a complex process as the individuals are heterogeneous in their expectations, perceptions and reactions. Choose the correct option from the following:
Statement-I is true and Statement-II is false.
Statement-II is true and Statement-I is false.
Both the Statements are true.
Both the Statements are false.
Navya went to a supermarket for grocery shopping. She bought one kg of bajra flour from the supermarket. On reaching home when she opened the packet she found worms inside it. She was disappointed and told her son about the same. Her son asked her to check the label. When she checked the label of the packet, she found that bajra flour was stale and beyond the expiry date. She approached the sales-person at the supermarket who replaced the bajra flour immediately. When she thanked the sales-person, she was told that it was the policy of the supermarket to satisfy the customers. He further told that satisfied customers not only lead to repeat sales but they also provide good feedback to prospective customers which helps in increasing the customer base of business. Identify the point of importance of consumer protection from the point of view of the supermarket which is helping them to increase the customer base:
Long term interest of the business
Moral justification
Social responsibility
Government intervention
Which of the following is not an element of social environment?
Composition of family
Consumption habits
Rates of saving and investment
Educational system and literacy rates
Assertion (A): Availability of leasing facilities may reduce the funds required to be invested in fixed assets thereby reducing the fixed capital requirements.
Reason (R): When an asset is taken on lease, the firm pays lease rentals to use it and avoids to invest huge sums required to purchase it.
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (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.
Match the terms given in Column-I with their meaning in Column-II. Choose the correct option from the following :
(i) (ii) (iii) (iv)
(ii) (iii) (i) (iv)
(ii) (iv) (i) (iii)
(ii) (i) (iv) (iii)
'Kanand Ltd.' is an automobile manufacturing company started in 2014 under Make in India' initiative of the Government of India. Expecting higher growth in future, it developed higher capacity in the current year taking advantage of the subsidies provided by the government. This would enable 'Kanand Ltd.' to meet anticipated higher demand quickly, For this, 'Kanand Ltd.' invested large amounts in fixed assets leading to higher requirements of fixed capital. Identify the factor affecting fixed capital requirements which 'Kanand Ltd.' kept in mind to meet higher anticipated demand quicker.
Scale of operations
Nature of business
Diversification
Growth prospects
Many reputed business organisations keep a database of unsolicited applicants in their offices. Such job seekers can be a valuable source of manpower. A list of such job seekers can be prepared and can be screened to fill the vacancies as they arise. The source of recruitment discussed above is:
Direct recruitment
Casual callers
Labour contractors
Campus recruitment
Identify from the following what is shown in the picture of refrigerator given below?
Brand name
Brand mark
Trademark X
Label
Which of the following is NOT a factor affecting 'financing decision'?
Fixed operating costs
Cash flow position
Control considerations
Diversification
For holding securities in an electronic form, the investor has to open a demat account with an organisation called _____.
Depository
Securities and Exchange Board of India
Stock Exchange
Mutual Fund
_____ means doing the task correctly and with minimum cost.
Efficiency
Effectiveness
Management
Coordination
Which of the following is the function of Top level management?
They ensure that their department has the necessary personnel.
They interact with the actual work force and pass on instructions of the middle management to the workers.
They co-operate with other departments for smooth functioning of the organisation.
They analyse the business environment and its implications for the survival of the firm.
The activities involved in managing the enterprise are common to all organisations whether economic, political or social. Identify the feature of management:
Management is multidimensional.
Management is all pervasive.
Management is a continuous process.
Management is a dynamic function.
Choose the incorrect statement about 'Money market':
The main instruments traded in this market are Treasury bills, Trade bills, Commercial paper and Certificates of deposit.
In this market, transactions entail huge sums of money as the instruments are quite expensive.
Participation in this market is by and large undertaken by institutional participants such as the Reserve Bank of India, banks, financial institutions and finance companies.
It deals in medium and long term securities.
