Business studies class XII Quiz-3

Business studies class XII Quiz-3

Quiz

 

1. The principles of management are flexible. Select appropriate reason :
   1.   they are dependent upon the prevailing situation.
   2.   they aim at influencing the behaviour of human beings.
   3.   they apply to all types of organisations.
   4.   they can be modified by a manager as per the situation.
2. Arrange the following needs in the correct sequence of Maslow’s Need Hierarchy Theory of (i) Affiliation/Belongingness Needs
   (ii) Basic Physiological Needs
   (iii) Safety/Security Needs
   (iv) Self-actualisation Needs
   (v) Esteem Needs
   Choose the correct option:Motivation:
   1.   (ii), (iii), (i), (v), (iv)
   2.   (v), (iii), (ii), (i), (iv)
   3.   (iv), (i), (v), (iii), (ii)
   4.   (i), (ii), (iv), (iii), (v)
3. In today’s dynamic business environment, companies are specialising in their core competency and divesting non-core businesses. In this context, one may cite the decision of Piramal Limited in divesting non-core businesses of chemicals and seeds. Some companies are outsourcing their non-core activities like share-transfer management and advertising to outside agencies. So much so, that even core processes such as R&D, manufacturing and marketing are being outsourced today. Thus, the significance of ‘Business Process Outsourcing’ (BPO) and ‘Knowledge Process Outsourcing’ (KPO) has increased. Identify the significance of principles of management highlighted here.
   1.   Meeting changing requirements
   2.   Optimum utilisation of resources
   3.   Scientific decisions
   4.   Providing managers with useful insight into reality
4. Which of the following statements is not correct about recruitment?
   1.   External sources of recruitment gives satisfaction to the existing employees.
   2.   Internal sources of recruitment motivates the employees to improve their performances.
   3.   Process of recruitment proceeds selection.
   4.   Recruitment is a positive process.
5. Newtech company has shifted workforce from surplus departments to those where there is shortage instead of laying them off. Which stage of staffing reveal the surplus/shortage of workforce?
   1.   Training and development
   2.   Recruitment
   3.   Performance appraisal
   4.   Estimating manpower requirement
6. Apart from top level managers, placement agencies are suitable for which type of employees?
   1.   Unskilled labours
   2.   Fresh graduates
   3.   Technical and professional personnel
   4.   All of these
7. Identify the correct sequence of the steps involved in the selection process.
   1.   Medical Examination, Contract of Employment, Reference and Background Checking, Selection Decision, Job Offer
   2.   Reference and Background Checking, Selection Decision, Contract of Employment, Medical Examination, Job Offer
   3.   Job Offer, Reference and Background Checking, Selection Decision, Medical Examination, Contract of Employment
   4.   Reference and Background Checking, Selection Decision, Medical Examination, Job Offer, Contract of Employment
8. Which of the following is not a function of stock exchange?
   1.   Safety of transaction
   2.   Pricing of securities
   3.   Providing liquidity and marketability to existing securities
   4.   Holding securities in electronic form
9. Using external sources for filling vacant positions:
   (i) gives a wider choice.
   (ii) simplifies the process of selection.
   (iii) instils a competitive spirit among the existing employees.
   (iv) does not infuse fresh talent in the organisation.
   Choose the correct option from the following:
   1.   (i) and (ii)
   2.   (ii) and (iv)
   3.   (i), (iii) and (iv)
   4.   (i) and (iii)
10. Consider the following Image :
    
    1.   Informal communication
    2.   Formal communication
    3.   Vertical communication
    4.   Horizontal communication
11. For the following two statements choose the correct option:
    Statement I: Management is called an inexact science.
    Statement II: Management deals with complex human behaviour, which cannot be determined with accuracy. Choose the correct option from the options given below:
    1.   Both the statements are true
    2.   Both the statements are false
    3.   Statement I is true and II is false
    4.   Statement II is true and I is false
12. ‘To get the benefit of the hi-tech consumers who made use of computer more in their lives, TATA Sons even launched a website for e-greetings.’ Which dimension of business environment is reflected here?
    1.   Social environment
    2.   Economic environment
    3.   Political environment
    4.   Technological environment
13. Rajeshwari, a home science graduate from a reputed college, has recently done a cookery course. She wished to start her own venture with a goal to provide ‘health food’ at reasonable prices. She discussed her idea with her teacher (mentor) who encouraged her. After analysing various options for starting her business venture, they shortlisted the option to sell readymade and ‘ready to make’ vegetable shakes and sattu milk shakes. Then, they weighed the pros and cons of both the shortlisted options. Name the function of management being discussed above.
    1.   Controlling
    2.   Organising
    3.   Planning
    4.   Directing
14. Centralisation refers to:
    1.   creating divisions as profit centers.
    2.   dispersal of decision-making authority.
    3.   retention of decision-making authority.
    4.   opening of a head office/centre of importance.
15. Grouping of activities on the basis of functions form a___
    1.   Decentralised structure
    2.   Functional structure
    3.   Centralised structure
    4.   None of these
16. ‘Managers at all the levels need to perform the controlling function to keep a check on the activities in their respective areas of operation.’ Which feature of controlling is being referred to?
    1.   Controlling is all pervasive
    2.   Controlling is looking back
    3.   Controlling is forward looking
    4.   Controlling is a goal-oriented process
17. Safex BioScience Private Limited, a pharmaceuticals company, has introduced mosquito repellent bands under the brand name ‘Jaddu’ in the wake of outbreak of dengue in various parts of the country. The product attracted many people from all age groups, especially kids. However, the company failed to provide adequate guidance for the users on the label of the product in terms of time period of the effectiveness of the repellent band once its seal is opened. Because of this ambiguity, many buyers faced problems. Identify the consumer right which has been overlooked by the company.
    1.   Right to be informed
    2.   Right to safety
    3.   Right to be heard
    4.   Right to be assured
18. “Management principles are not as rigid as principles of pure science.” Which of the following best describes the given statement?
    1.   Principles of management are formed after research in work situations, which are technical
       in nature.
    2.   Principles of management contribute towards the development of management both as a science and as an art.
    3.   Management principles deal with human behaviour and thus, are to be applied creatively given the demands of the situation.
    4.   None of these
19. Which of the following helped to eliminate the use of share certificate in physical form?
    1.   Depository Trust Company
    2.   Securities Exchange Commission
    3.   Dematerialisation of securities
    4.   Fedral Depository Insurance Corporation
20. The financial incentive offered over and above the wage/salary to an employee is________.
    1.   Bonus
    2.   Productivity-linked wage incentive
    3.   Profit sharing
    4.   Perquisites