Commerce Official 2022-2023 ISC (Commerce) Class 12 Question Paper Solution

The type of plan considered as a guide to decision-making in repetitive situations is called ______.

Policy

Rule

Programme

Strategy

ABC company plans to capitalise on its undistributed profits. Which one of the following shares will the company issue to its existing shareholders? 

Rights shares

ESOP

Sweat Equity Shares

Bonus Shares

When XYZ company acquired a toy manufacturing company, it paid a large amount for the goodwill. Which source of business funds of XYZ company was impacted?

Fixed capital

Special working capital

Circulating capital

Gross working capital

Rita wants to transfer their first salary to her mother's bank account through RTGS. What is the minimum amount that she can transfer through RTGS?

₹50,000

₹2,00,000

₹1,00,000

₹20,000

Which one of the following is NOT a component of the legal environment?

Acts passed by the government.

Political stability in the country.

Decisions taken by various commissions.

Verdict given by the court.

The changes in technology and the tastes and preferences of consumers cannot be predicted Which feature of business environment is highlighted here?

Non-controllable

General and Specific forces

Interrelatedness

Uncertainty

When Equity Shares dominate the capital structure, the capital is considered as high geared.

True

False

The organisational structure and the composition of the board of directors, are one of the internal factors of micro environment of a business organisation.

True

False

A market where products are transferred immediately from seller to buyer is called a future market.

True

False

Inventory control is not an element of Physical distribution.

True

False

______ is not a separate function but the essence of Management.

A ______ is a comprehensive plan designed to implement the policies and accomplish the objectives of an organisation.

Deepti and Sudha are managers at ABC Ltd. and are working together on a project. They report to Mrs. Verma, a Senior Manager. Sudha asks Deepti to submit a report on the project to her without informing Mrs. Verma. Which Principle of Management is not followed in this case?

A wholesaler sold adulterated goods which were hazardous to the consumer's health.

Which force exerts a direct and immediate influence on the working of a business organisation?

Assertion: Marketing and Selling are not synonymous with each other.

Reason: Selling is narrow in scope, whereas marketing is wide.

Both Assertion and Reason are true, and reason is the correct explanation of Assertion.

Both Assertion and Reason are true, but reason is not the correct explanation of Assertion.

Assertion is true but Reason is False.

Assertion is False but Reason is true.

Planning is of vital importance in the managerial process. Give any four reasons to support this statement.

Directing is the heart of the management process. Give any four reasons to support this statement.

Ratan Ltd. needs to raise funds from the financial market and, hence, considers issuing equity shares. State any four reasons to explain why this source of raising funds is considered by the company.

Explain any two advantages of Public deposits.

Explain any two disadvantages of Public deposits.

Explain any three objectives of management.

Answer briefly the following questions:

State any two differences between training and development.

Explain the concept of management by exception.

Explain the term span of control.

A patient suffering from a high fever was hospitalised for a few days. During the treatment, he was given an injection whichcaused a permanent nerve damage resulting in paralysis. The cost of treatment was ₹2,00,000, which was disputed by the patient's family.

The consumer dispute redressal authority can be approached by the patient's family. Explain any three rights to the consumers.

Explain any four needs of consumer protection.

State any two features of advertising. 

Explain any three internal factors of the micro environment of a business organization.

What is meant by technological environment?

Explain any two components of the Technological Environment.

What are preference shares?

Give any four types of Preferences shares.

Mention any two advantages of e-Banking to the customers. 

Answer in one sentence.

What are retained earnings?

Explain any four disadvantages of Retained Earnings.

State any three differences between a debit card and a credit card.

Controlling is a systematic process involving a series of steps. Explain these steps of Controlling.

Give any three differences between Centralisation and Decentralisation.

Spice and Cheese Burgers has various outlets to sell burgers and deal with the customers directly. This channel of distribution was adopted by the organisation, keeping in mind the nature of the product. In order to boost its sales, the management has decided to introduce a ‘By one Get one free to its customers.

1. Identify the channel of distribution used by Spice and Cheese Burgers.
2. Briefly explain the channel of distribution identified in (i) above. 
3. Which element of the promotion mix is highlighted in the above case? 
4. State any four objectives of the element of the promotion mix identified in (iii) above.