Class XII - Business Studies - 5 Date of Taking Test : December 25, 2024 Time: 20 Minutes 1. Read the following Statements-Assertion (A) and Reason (R), and choose one of the correct alternatives given below: Assertion (A): Recommendations by employees are a good source of recruitment. Reason (R): This is so because their background checks are made thoroughly. (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) (b) Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A) (c) Assertion (A) is true but Reason (R) is false (d) Assertion (A) is false but Reason (R) is true None 2. "Sales forecasting is the basis on which a business firm prepares its annual plan for production and sales." Which feature of planning is highlighted in the above lines? (a) Planning focuses on achieving objectives (b) Planning is continuous (c) Planning is the primary function of management (d) Planning is futuristic None 3. Identify the correct sequence of various functions of management performed by every manager in an organisation. (a) Planning, Directing, Staffing, Organising, Controlling (b) Planning, Controlling, Staffing, Organising, Directing (c) Planning, Organising, Staffing, Directing, Controlling (d) Planning, Staffing, Directing, Controlling, Organising None 4. "Schedule H1 Drug-Warning: • It is dangerous to take this preparation except in accordance with the medical advice. • Not to be sold by retail without the prescription of a Registered Medical Practitioner." It is mandatory to be written on medicines. Which dimension of business environment is highlighted in the given case? (a) Economic environment (b) Legal environment (c) Technological environment (d) Political environment None 5. Which of the following statements correctly describe the meaning of principle of Subordination of Individual Interest to General Interest? (a) Only (i) (b) (ii) and (iii) (c) (i) and (iii) (d) (i), (ii) and (iii) None 6. ITC started its business with Jobaico Industry. Later, it entered in hotel industry, consumer goods industry, stationery, etc. ITC assured quality to customers and kept company's name as its identity. This helps the customers in product identification and hence ensured quality. It also built up their confidence and help in increasing their level of satisfaction. Name the element of marketing mix indicated in the given case. (a) Product (c) Place (b) Price (d) Promotion None 7. "In order to be successful, an organisation must change its goals according to the needs of the environment." Which characteristic of management is highlighted in the given statement? (a) Management is a dynamic function (b) Management is all pervasive (c) Management is a goal-oriented process (d) Management is a group activity None 8. "An understanding of the philosophy or the concept to be adopted is important as it determines the emphasis or the weightage to be put on different factors, in achieving the organisational objectives." Which concept of marketing is highlighted in the given statement? (a) Marketing Philosophies (b) Marketing Management (c) Marketing Mix (d) None of the above None 9. "It is essentially the preparation of a financial blueprint of an organisation's future operations." Identify the related concept indicated here. (a) Financial management (b) Financial planning (c) Capital budgeting decision (d) Dividend decision None 10. Identify the incorrect pair from the given principles of management in Column I with their statements in Column II, and choose the correct alternative. (a) A - (i) (b) B- (ii) (c) C-(iii) (d) D - (iv) None 11. Once a worm was found in noodles of a famous company and similarly insect was found in soft drink of a company. Which right should the consumer exercise, so that in future health hazard is not caused to any consumer? (a) Right to safety (b) Right to seek redressal (c) Right to be heard (d) Right to be assured None 12. Read the following statements carefully. Statement I: Capital Market refers to the facilities and institutional arrangements through which long-term funds, both debt and equity are raised and invested. Statement II: Capital Market consists of development banks, commercial banks and stock exchanges. Choose the correct option from the options given below: (a) Statement I is true and II is false (b) Statement II is true and I is false (c) Both the statements are true (d) Both the statements are false None 13. Identify the non-financial incentive given to an employee of an organisation being highlighted in the given picture. (a) Organisational climate (b) Employee recognition programme (c) Career advancement opportunities (d) Job enrichment None 14. As the span of management increases in an organisation, the number of levels of management in the organisation ____________. (a) increases (b) decreases (c) remains unaffected (d) None of the above None 15. Which of the following statements is not true about 'Product'? (a) It provides functional benefits, psychological benefits and social benefits. (b) It is a mixture of tangible and intangible attributes. (c) It is a 'bundle of utilities' or 'source of satisfaction'. (d) It is not offered for attention, acquisition, use or consumption. None 16. Name the process of streamlining the attributes of a person required for doing a job. (a) Selection (b) Placement (c) Induction (d) Training None 17. In controlling, actual performance is compared with: (a) Performance of other employees (b) Performance of previous year (c) Planned performance (d) None of the above None 18. District Commission shall have jurisdiction to entertain complaints where the value of goods or services paid as consideration does not exceed: (a) Rs 25,000 (b) Rs 1,00,000 (c) Rs 1,00,00,000 (d) Rs 50,00,000 None 19. Degree of decentralisation indicates the degree of: (a) authority delegated (b) responsibility (c) accountability (d) All of the above None 20. Packaging is said to have the unique capacity to make products stand out in a crowded market place. Therefore, the convenience of the consumer is at the top of the mind of the marketers as they are focussing on developing packaging that's easier to open, to protect against breakage, maintain freshness during delivery and keep a consistent look and feel across multiple channels. Identify the type of plan being described in the above lines. (a) Programme (b) Method (c) Strategy (d) Rule None Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Website Comment * Save my name, email, and website in this browser for the next time I comment.