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CBSE XII Pre Boards 2015 : BUSINESS STUDIES with Answers (KV Chennai)

5 pages, 28 questions, 18 questions with responses, 18 total responses,

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KENDRIYA VIDYALAYA SANGATHAN, CHENNAI REGION CLASS XII COMMON PRE-BOARD EXAMINATION 2014-15 SUBJECT: BUSINESS STUDIES TIME ALLOWED: 3 HRS MAX. MARKS: 80 General Instructions: 1. Answers to questions carrying 1 mark may be in one word or one sentence 2. Answers to questions carrying 3 marks may be in 50 to 75 words 3. Answers to questions carrying 4-5 marks may be in 150 words 4. Answers to questions carrying 6 marks may be in 200 words 5. Attempt all parts of a question together 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 W Your uncle is serving as a foreman in a factory. At what level of management is he working? If the company does not provide the right place for physical and human resources, which principle of management is violated? Sahil Limited prepares budget for its Annual General Meeting for Financial Year 2014-15.Which kind of plan is it? D O How does staffing help to improve job satisfaction and morale of employees? Name the two key components of directing. What is the primary objective of financial management? E I M as impact of government policy changes on business and industry. Distinguish between formal and informal organizations on the basis of: a) Flow of communication b) Origin c) Authority Explain any three external sources of recruitment. A company manufacturing mouth fresheners made attractive label for their product but did not mention its date of manufacture, ingredients and did not write a statutory warning. State the values that have been ignored by the company. Explain any three factors determining the choice of channels of distribution. Exp T Scientific Management. Explain any four features of planning. Explain by giving any four points how supervision is an important element of directing. Explain any four factors that affect the requirement of working capital of an enterprise. Explain any four factors that affect the Dividend decision of an enterprise. 1 1 1 1 1 1 1 1 3 3 3 3 3 4 4 4 4 4 19 Explain any four functions of labeling 20 Explain the importance of consumer protection from the view point of business. 21 D H reasons with explanation. 22 C I the light of this statement explain the importance of controlling with any five points. 23 Explain any six measures to improve communication effectiveness. OR Define leadership. Explain any five features leadership. 24 E reasons to justify the above statement. OR Explain any six features of Management 25 Explain any three money market instruments. OR Explain any six functions of a stock exchange. 4 5 5 5 6 6 6 KENDRIYA VIDYALAYA SANGATHAN, CHENNAI REGION CLASS XII COMMON PRE-BOARD EXAMINATION 2014-15 SCORING KEY (SET-I) SUBJECT: BUSINESS STUDIES TIME ALLOWED: 3 HRS MAX. MARKS: 80 1 Completing task but at a huge cost 2 Supervisory level 3 Principle of O 4 Single use plan 5 Organizing is a process of defining and grouping activities and establishing authority relationships among them. 6 Staffing improves job satisfaction and morale of employees through objective assessment and fair reward of their contribution. 7 Leadership and Motivation 8 To maximize the wealth of the shareholders 9 Increasing competition: Firms now face competition not only from Indian firms, but also from multi national companies. More demanding customers: Increased competition in the market gives the customers wider choice in purchasing better quality of goods and services. 11/2 marks each 10 Formal Informal Origin Formed by management Formed by employees Authority arises by virtue of position in arises out of personal qualities Management Flow of communication Through the scalar chain it can take place in any direction 11 Any three of the following sources with explanation: Campus recruitment Employment exchange Casual callers Advertisement Web publishing 12 The value points ignored are legal responsibility, honesty, responsible behavior and concern for others 13 Any three factors with explanation: i) Market factors ii) Product related factors iii) Company characteristics iv) Competitive factors 14 Explanation of the following concepts 2marks each Science, not rule of thumb: Through scientific study and analysis of each job the best method T Time Study: It determines the standard time taken to perform a well- defined job. 15 Any four features with proper explanation: 1*4=4 i) Focuses on achieving objectives ii) It is futuristic iii) It is pervasive 1 1 1 1 1 1 1 1 3 3 3 3 3 4 4 16 17 18 19 20 21 22 iv) It is a continuous process v) It is a mental exercise The following points with explanation: i)Link between workers and management ii) Ensures performance of work iii)Builds efficient team of workers iv)Builds high morale among employees v)Gives feedback to the workers vi)Maintains unity among workers Any four points with explanation: i) Nature of business ii) Scale of operations iii) Production cycle iv) Seasonal factors v) Availability of raw materials Any four points with explanation: i)Amount of earnings ii)Stability of earnings iii)Growth opportunities iv)Taxation policy v)Cash flow position Any four points with proper explanation: i) Helps to identify the product ii) Helps in grading the products into different categories iii) Describes the product and specifies its contents iv) Helps in promotion of products v) Provides information required by law Five points with proper explanation: i) Long term interest of business ii) Government intervention iii) Moral justification iv) B v) Social responsibility Any five points with proper explanation: i)Effective management ii)Motivation of employees iii) Employee development iv)Original growth v)Better coordination vi) Basis of management hierarchy Any five points with proper explanation i)Accomplishing organizational goals ii)Judging accuracy of standards iii)Efficient use of resources iv)Ensures order and discipline 4 4 4 4 5 5 5 I vi)Facilitates coordination in action 23 The following points with explanation: i) Clarify the ideas before communication ii) Communicate according to the needs of receiver iii) Be aware of language, tone and content of message iv) Be a good listener v) Ensure proper feedback vi) Communicate for present as well as for the future OR Leadership is the process of influencing the behavior of people so that they will strive willingly and enthusiastically towards the achievement of organizational goals. Features: It indicates ability of an individual to influence others. ii) It tries to bring change in the behavior of others. iii)It indicates inter-personal relations between leaders and followers. iv)It is exercised to achieve common goals of the organization v)It is a continuous process 24 The following points with proper explanation 1*6=6 i)Management helps in achieving group goals ii) It increases efficiency iii) It helps in achieving personal objectives iv) It helps in the development of the society v) It creates a dynamic organization vi)It ensures survival of organisation OR Any six features of management with explanation i) It is a goal oriented process ii) It is a group activity iii) It is an intangible force iv) It is pervasive v) It is multi-dimensional vi) It is a continuous process vii) It is a dynamic function 25 Any three money market instruments with explanation 2marks each OR Six functions with explanation 1mark each i)Provides liquidity and marketability of existing securities ii)Pricing of securities iii)Safety of transactions iv)Contributes to economic growth v)Spreading the equity cult vi)Provides scope for speculation. 6 6 6

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