AHSEC| CLASS 12| BUSINESS STUDIES| SOLVED PAPER - 2022| H.S. 2ND YEAR
2022
BUSINESS STUDIES
Full Marks: 100
Pass Marks: 30
Time: Three hours
The figures in the margin indicate
full marks for the questions.
1. (a) Who introduced the concept of ‘differential price-rate-wage system’? 1
Ans:- F. W. Taylor.
(b) Under
which environmental factor does fiscal policy fall? 1
Ans:- Economic Environment.
(c) Write a
difference between policy and procedure. 1
Ans:- Policies:
Policies are the guide to decision making.
Process:
Processes are guides to action.
(d) What is
an informal organization? 1
Ans:- Informal
organization refers to the relationship between people in an organization that
is not based on a planned structure for carrying out the activity. It is
generally based on personal perspective; Prefer bias and so on. People work
here not on the basis of procedures and regulations but on the basis of some
taste, culture etc. Informal organization is not created, but they appear
naturally in the formal organization.
(e) What is
Orientation? 1
Ans:- Working
capital can be negative if current liabilities exceed current assets.
(f) Who
proposed the “Need Theory” of motivation?
1
Ans:- A. H. Maslow.
(g) Can
working capital become negative? 1
Ans:- It
is a process of introducing new employees to the company and assimilating them
with its policies, benefits and culture.
(h) What is
SEBI? 1
Ans:- SEBI
short for Securities and Exchange Board of India is often new because of its
supervisory and regulatory role on the functioning of the stock exchange spread
across the country.
2. What is Trade Mark? 2
Ans:- It refers to a brand name that is registered
with the government under the Trade Marks Act.
3. Write the meaning of Management Audit. 2
Ans:- A management audit is an independent and
systematic analysis and evaluation of a company's overall activities and
performance. It is a valuable tool that is used to determine a company's
efficiency, operations, achievements and achievements. The primary objective of
a management audit is to identify errors in management activities and suggest possible
changes. It guides the management to manage the operations most effectively and
productively.
4. Write two rights of a consumer. 2
Ans:- The rights of the consumers are given below:
(i) Right to
choose: The consumer has the right to choose from the available goods. The
right will be exercised only when a variety of goods are available.
(ii) Right
against Exploitation: Consumers have a right against exploitation by unfair
trade practices, false and misleading advertisements.
5. What are two important functions of top-level
management? 2
Ans:- Top level management has two functions –
(i) It
formulates strategic plans and policies for the enterprise.
(ii) It appoints
officers for the middle level.
6. What is meant by ‘Unity of Command’? 2
Ans:- It implies that a subordinate should receive
orders and instructions from a boss only.
7. How does social environment influence the working of a
business? 3
Ans:- The social and technological environment affect the
functioning of business in the following ways:
(i) Social
Environment: Social factors exert immense influence on the non-economic
environment of business. Social environment includes the attitudes of the
people, cultural heritage, beliefs and customs of the people, education system,
trade unions etc.
(ii)
Technological environment: It includes factors related to scientific
improvement and innovation which provide new methods and techniques of
production and conduct of business.
8. Write three limitations of planning. 3
Ans:- There are some limitations in the planning process.
They are:
(i) Depends
on forecast: It is based on anticipated fiscal and industrial policies. Any
change in the policies renders the scheme ineffective.
(ii)
Expensive Process: A lot of expenditure is involved in planning. The
expenditure on the scheme should not exceed the expected benefit from the
scheme.
(iii) Time
consuming strategy: The planning process takes a lot of time from the
collection of data to the suggestion of the best alternatives.
9. Outline three merits of divisional organizational
structure. 3
Ans:- Some of the advantages of divisional organization
are given below:
(i) Product
specialization helps in the development of various skills in the departmental
head and thus prepares him for higher positions.
(ii) It is easy
to organize departments on the basis of functions and sub-functions.
(iii) I help in
training specialist managers rather than general manager.
Or
Write three merits of internal
recruitment. 3
Ans:- (i) Employees are
motivated to improve their performance.
(ii) The
morale of the employees has increased.
(iii) Due to the way of promotion industrial peace is maintained in the enterprise.
***
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