Commerce (English Medium) इयत्ता १२ - CBSE Important Questions for Business Studies

Give the meaning of 'Authority' as an element of delegation.

What is meant by the divisional structure of an organisation?

State any three benefits of training to employees.

How does controlling function of management 'ensures order and discipline’ and 'helps in judging accuracy of standards’? Explain.

Explain the following as factor affecting the requirements of working capital:

Availability of raw material

Answer the following question:
State the protective functions of the Securities and Exchange Board of India.

Differentiate between `capital-market' and 'money-market' on the following basis:

Investment outlay

Differentiate between 'capital-market' and 'money-market' on the basis of:

Expected return;

Define 'Planning'.

Define ‘Organising’ as a function of management.

Answer the following question:
Saurabh decided to start a chocolate manufacturing business. He set then a target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of the business, which was uncertain. He gathered information that the demand for chocolates is increasing day-by-day. He used this information as the base for future planning and shared it with his team. On the basis of the gathered information, he scheduled a meeting in the following week to find innovative ways to achieve the objectives.
List the first two steps, which have been followed by Saurabh that are related to the process of one of the functions of management.

Answer the following question.
‘Konark Ltd.’ Is an electronic good manufacturing enterprise situated in Shivpuri, Madhya Pradesh. It is earning a very low revenue in comparison to a competing electronic good manufacturing enterprise, ‘Nova Ltd.’ situated in Mumbai. Both Konark’s and Nova’s operations are affected directly by the investors, customers, competitors, and suppliers, which are unique to their respective locations. In addition to this, individual firms of this field are affected indirectly by the factors like the money supply in the economy, the composition of the families, the technological changes, etc.

1) Identify and state the feature of the concept discussed in the above paragraph.
2) Also, state any four points of importance of this concept.

Explain any four points that highlight the importance of principles of management

Answer the following question:
Karan Nath took over ‘D’ north Motor Company' from his ailing father three months ago. In the past, the company was not performing well. Karan was determined to improve the company's performance. He observed that the methods of production, as well as the selection of employees in the company, were not scientific.
He believed that there was only one best method to maximise efficiency. He also felt that once the method is developed, the workers of the company should be trained to learn that 'best method'.
He asked the Production Manager to develop the best method and carry out the necessary training. The Production Manager developed this method using several parameters right from deciding the sequence of operations, a place for men, machines, and raw materials until the delivery of the product to the customers. This method was implemented throughout the organisation. It helped in increasing the output, improving the quality, and reducing the cost and wastage.

Identify and explain the principles and the technique of scientific management followed by the Production Manager in the above case.

Explain the following technique of scientific management:

Differential piece wage system

Explain any three features Business Environment

Explain any three points that highlight the importance of planning.

Answer the following question:
In 2015, Naveen left his luxurious life in Mumbai, where he worked as a manager for Blue Birds Ltd. He shifted to Begampur, Chhattisgarh to fulfill his grandmother's dream of converting their 25-acre ancestral land into a fertile farm. For this, he set out specific goals along with the activities to be performed to achieve the goals.
Every activity was a challenge since he was clueless about farming. He learned every activity from filling the land to sowing the seeds. To aid farmers he launched his own company 'Innovative Agriculture Solutions Pvt. Ltd.’
It was difficult initially as no one trusted an urban youth telling farmers about farming. But when everything was discussed in detail the farmers started taking an interest. He wanted to ensure that future events meet effectively the best interests of the company. Through sales forecasting, he prepared an annual plan for production and sales.
He also found that the farmers grew the only paddy, which was an activity of 3 - 4 months and land remained idle for the rest 8-9 months of the year. He not only identified but evaluated various alternatives through which the farms could be utilised for the remaining months of the year. Through correct foresight and logical and systematic thinking based on analysis of all facts, all alternative was examined and evaluated. He promoted a plan to the farmers, where after harvesting paddy, vegetables could be grown.
The above case highlights the features of one of the functions of management. By quoting lines from the above identify and explain these features.

Give the meaning of 'accountability' as an element of delegation

Give the meaning of 'Responsibility' as an element of delegation