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WorksheetsBusiness studies Class XII Quiz-16
Total questions: 20
Worksheet time: 10mins
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
Identify the incorrect statement with respect to ‘Investment decision’:
Net working capital refers to excess of current assets over current liabilities
Current assets are those assets which get converted into cash within one year
Capital budgeting decisions are irreversible.
Size of the assets, Profitability and competitiveness are not affected by capital budgeting decisions.
State Commission has the jurisdiction to entertain complaints where value of goods and services paid as consideration is ________
More than ₹1 crore and not more than ₹ 5 crore
More than ₹10 crore
Less than ₹1 crore
More than ₹1 crore and not more than ₹10 crore
Match the statements given in column I with the characteristic of business environment given in column II
(a)-(iii), (b)-(ii), (c)-(i), (d)-(iv)
(a)-(ii), (b)-(i), (c)-(iii), (d)-(iv)
(a)-(iv), (b)-(ii), (c)-(i), (d)-(iii)
(a)-(iii), (b)-(i), (c)-(ii), (d)-(iv)
The process of classification of products into different groups, on the basis of some of the important characteristics such as quality, size, etc. is known as:
Branding
Standardisation
Grading
Marketing planning
Shiwakumar runs a legal consultancy firm in Chhattisgarh. Whenever the firm hires new employees, on the first day of joining, they are welcomed to the organisation and are given details about the dress code, lunch timings, introduction to daily operations and fellow colleagues. They are also familiarised with the organisational policies and procedures, emergency exits, evacuation procedure, etc. Name the type of training which is provided by Shiwakumar in his firm.
Apprenticeship training
Vestibule training
Induction training
Internship training
Identify the incorrect statement with respect to Consumer Protection in India.
It not only includes educating consumers about their rights and responsibilities but also helps in getting their grievances redressed
It not only requires a judicial machinery for protecting the interest of consumers but also requires the consumers to get together and form themselves into Consumer associations for protection and promotion of their interests.
It is the moral duty of any business to take care of consumers' interest and avoid any form of exploitation.
The provisions of Consumer Protection Act came into force from 1981.
Identify the decision which is not taken under financial management.
Dividend Decision
Capital Budgeting Decision
Pricing Decision
Dividend Decision and Capital Budgeting Decision
What are the factors that affect financing decisions?
(a) Cash flow position of the company
(b) Stability of earnings
(c) Degree of financial risk
(d) Contractual constraints
(e) State of capital market
(f) Level of competition
Choose the correct alternative from the following:
(b), (c) and (f)
(d), (e) and (f)
(a), (c) and (d)
(a), (c) and (e)
Consumers can ask anything regarding the date of manufacturing, MRP, etc, about the product that he intend to buy. Identify the consumer right highlighted in the above lines.
Right to be informed
Right to be assured
Right to be heard
Right to safety
Statement I: Cost of debt is lower than cost of equity for a company.
Statement II: The objective of financial management is to increase shareholder’s wealth.
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.
