Business studies class XII Quiz-6

Business studies class XII Quiz-6

Quiz

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1. The subordinates solve the routine problems whereas the significant problems are brought into notice of the superiors. This implies:
   1.   Management by exception
   2.   Levels of management
   3.   Delegation
   4.   Motivation of employees
2. Mr. Rohtas, after completing his MBA, joined his father’s business. He analysed the business situation and applied his educational knowledge according to the prevalent conditions. As a
   result, the turnover of his father’s business doubled in a span of six months. Which nature of management is reflected in this case?
   1.   Profession
   2.   Art
   3.   Science
   4.   All of these
3. A company may receive applications without declaring any vacancy, these unsolicited applications can become a source of recruitment known as:
   1.   Direct recruitment
   2.   Application blank
   3.   Casual caller
   4.   None of these
4. Choose the levels of packaging depicted in the picture.
   
   1.   Secondary Packaging and Transportation Packaging
   2.   Primary Package and Secondary Packaging
   3.   Primary Package and Transportation Packaging
   4.   None of these
5. Capital structure refers to the proportion between:
   1.   Debt and Equity
   2.   Fixed assets and Working capital
   3.   Fixed assets and Current assets
   4.   None of these
6. “Last night, I was watching a basketball game on television. With ten seconds to go, the score
   was tied. A timeout was called. With the players in a huddle, the coach of a team got out his clipboard and diagrammed a play using Xs, Os and a marker. The play worked, and his team won in the final seconds.” Identify the managerial function performed by the coach in the given context.
   1.   Organising
   2.   Staffing
   3.   Directing
   4.   Controlling
7. Shyam has given a task by his superior to plan in 15 days. He asked two of his subordinates to work upon two aspects of his task. One of the subordinate met with an accident and could not complete his work. Who is answerable for this task?
   1.   Ram’s subordinate is responsible.
   2.   No one is responsible.
   3.   Ram is accountable.
   4.   Ram’s superior is responsible.
8. The principle of unity of direction implies _______.
   1.   Each division should have its own incharge, plans and execution resource.
   2.   Dual subordination should be avoided.
   3.   Managers should have authority commensurating their responsibility.
   4.   Each employee in an organisation should receive orders from one superior only.
9. In order to be successful, an organisation must change it according to the needs of the environment. Which characteristic of management is highlighted in the statement? In order to be successful, an organisation must change it according to the needs of the environment. Which characteristic of management is highlighted in the statement?
   1.   Pervasive
   2.   Dynamic function
   3.   Multi-dimensional
   4.   Goal-oriented process
10. Mohnis inherited a very large area of agricultural land in Uttar Pradesh after the death of his grandfather. He plans to sell this piece of land and use the money to set up a small scale paper factory to manufacture all kinds of stationary items from recycled paper. Being an amateur in business, he decides to consult his friend Subhash who works in a financial consultancy firm. Subhash helps him to prepare a blue print of his future business operations on the basis of sales forecast in next five years. Based on these estimates, he helps Manish to assess the fixed and working capital requirements of business. Identify the type of financial service that Subhash has offered to Manish:
    1.   Trading in securities
    2.   Financial management
    3.   Capital budgeting decision
    4.   Financial planning
11. Mrs. Varsha is the managing director of a Textile Company. The organisational structure of the company is divided into four different departments. Each department tries to achieve its own departmental objective due to which she faces difficulties in effecting coordination among different departments. State the organisational structure followed in the organisation.
    1.   Divisional
    2.   Formal
    3.   Informal
    4.   Functional
12. _______ source of recruitment is more suitable for personnel of technical and professional areas.
    1.   Recommendation of employees
    2.   Casual callers
    3.   Employment exchange
    4.   Placement agencies and management consultants
13. A case filed in State Commission, can be re-appealed in:
    1.   Nowhere
    2.   Supreme Court
    3.   National Commission only
    4.   National Commission and then to Supreme Court
14. Mr. Abhishek believed that his company could maximise profit earnings by producing hair dye on a large scale whereas his partner Mr. Suresh wanted to emphasise on societal and customer needs. Identify the marketing management philosophy being followed by Mr. Abhishek and Mr. Suresh.
    1.   Marketing concept; Selling concept
    2.   Production concept; Societal concept
    3.   Product concept; Societal concept
    4.   Selling concept; Marketing concept
15. Neat Pumps Limited was in the business of manufacturing water pumps for room coolers in Rajasthan. The business was doing very well and the company was easily able to achieve the position of market leader. Mr. Khanna, the Managing director of the company, set an ambitious target of 30% increase in sales for the next year by entering into the markets in the nearby states of Gujrat, Punjab, Haryana etc. The same year, local wholesalers started importing Chinese water pumps which were equally price-efficient. As a result, the company could not achieve its target. Identify the limitations in one of the functions of management because of which the company could not achieve its target.
    1.   Planning leads to rigidity.
    2.   Planning is a time-consuming process.
    3.   Planning involves huge costs.
    4.   Planning may not work in a dynamic environment.
16. For the following two statements choose the correct option:
    Statement I: Labelling means putting identification marks on the package. A label is a carrier of information.
    Statement II: Marketing mix refers to the ingredients or tools or variables which the marketer mixes in order to interact with a particular market.
    Choose the correct option from the options given below :
    1.   Statement II is true and I is false
    2.   Statement I is true and II is false
    3.   Both the statements are false
    4.   Both the statements are true
17. Identify the correct sequence of steps involved in the communication process.
    1.   Sender, Message, Encoding, Media, Decoding, Receiver, Feedback
    2.   Sender, Media, Decoding, Receiver, Message, Encoding, Feedback
    3.   Sender, Message, Encoding, Media, Decoding, Receiver
    4.   Sender, Decoding, Receiver, Feedback, Message, Encoding, Media
18. Statement I: Due attention given to different functions is a demerit of functional structure.
    Statement II: Each department is specialised in its own function so they fail to understand the priority of other department.
    Choose the correct option from the options given below :
    1.   Statement II is true and I is false
    2.   Statement I is true and II is false
    3.   Both the statements are false
    4.   Both the statements are true
19. Pallavi went to a shopkeeper to buy a hair oil. The shopkeeper forced her to buy a particular
    brand of hair-oil out of various available brands, irrespective of the willingness of Pallavi. Which right of Pallavi, as a consumer, has been violated?
    1.   Right to safety
    2.   Right to be assured
    3.   Right to be heard
    4.   Right to consumer education
20. ‘Encouraging staff to be a part of decision-making’ is a feature of _______ style of leadership.
    1.   Democratic
    2.   Laissez-faire
    3.   Autocratic
    4.   None of these