BUSINESS STUDIES SAMPLE PAPER 3 CLASS 12 TERM 1

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BUSINESS STUDIES SAMPLE PAPER 3 CLASS 12 TERM 1

The element that aims at integrating group efforts to achieve group objectives is called ___
(a) Cooperation
(b) Coordination
(c) Management
(d) Directing

Unity of command is related to
(a) superiors and subordinates.
(b) management and workers.
(c) planned actions.
(d) cooperation among employees
In which respect does formal organization differ from informal organization?
(a) Production process
(b) Structuring
(c) Financial procedure
(d) Purchasing
Mail order selling is a __ channel of distribution.
(a) Direct
(b) Indirect
(c) Direct and Indirect
(d) Sole
Which one of the following is a single-use plan?
(a) Strategy
(b) Rule
(c) Budget
(d) Method
___ is the integration of world economy into a single market through removal of trade barriers between countries.
(a) Privatization
(b) Liberalization
(c) Globalization
(d) Both(a) and (b)
Managing Director is the position of ___ level of management in a large company.
(a) Top
(b) Middle
(c) Lower
(d) Middle and Lower
Gang plank is related to
(a) communication.
(b) motivation
(c) supervision of workers.
(d) incentives to workers
Which one of the following does not follow scalar chain?
(a) Informal organization
(b) Functional structure
(c) Formal organization
(d) Divisional structure
___ is the deliberate action of an organization for promoting goodwill between itself and the society.
(a) Marketing mix
(b) Advertising
(c) Public relations
(d) Selling
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Decision-making is the case of __
(a) Planning
(b) Organizing
(c) Staffing
(d) Directing
__ feature of business environment states that various factors of business environment affect each other.
(a) Pervasive
(b) Continuous
(c) Dynamic
(d) Interrelatedness
Management is multidimensional because it has ___ dimension(s).
(a) One
(b) Two
(c) Three
(d) Four
Management principles are flexible whereas ___ principles are rigid.
(a) Pure Science
(b) Employment
(c) Scientific Management
(d) Art
Degree of decentralization indicates
(a) degree of authority delegation.
(b) degree of responsibility.
(c) degree of power delegation.
(d) degree of accountability.
__ ensures that products reach the ultimate customers from the manufacturers.
(a) Selling
(b) Marketing
(c) Physical distribution
(d) Sales promotion
__ is a statement of expected results in numerical terms.
(a) Forecast
(b) Budget
(c) Plan
(d) Estimate
Legal rules and regulations relevant to business are included in ___ environment of business.
(a) Legal
(b) Political
(c) Economic
(d) Technological
Management is a ___ directed process as it aims at achieving specified goals.
(a) Continuously
(b) Future
(c) Goal
(d) Deliberately
___ denotes concentration of authority at the top level.
(a) Decentralization
(b) Centralization
(c) Coordination
(d) Delegation
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__ involves giving authority and responsibility to subordinates.
(a) Division of work
(b) Decentralization
(c) Delegation
(d) Centralization
___ involves designing and producing container or wrapper of the product.
(a) Marketing
(b) Selling
(c) Advertising
(d) Packaging
___ is a feature of planning also referred to as primacy of planning.
(a) Pervasive
(b) Primary function of management
(c) Continuous
(d) Integrating
___ is a feature of planning also referred to as primacy of planning.
(a) Pervasive
(b) Primary function of management
(c) Continuous
(d) Integrating
A business has to offer wider choice in purchasing enhanced quality of goods and services in order to maintain an edge over its competitors. The implementation of the new economic policy with liberalisation, privatisation and globalisation has posed various challenges for the corporate sector. One of the important challenges is explained in the above lines. Identify it.
(a) Increasing competition
(b) More demanding customers
(c) Necessity for change
(d) Market orientation
__ is a systematised body of knowledge that explains certain general truths or operation of general laws.
(a) Science
(b) Art
(c) Profession
(d) Art and Profession both
___ is the technique in which each worker is supervised by eight supervisors.
(a) Functional foremanship
(b) Unity of action
(c) Centralization
(d) Simplification of work
___ is the process of grouting similar activities together and creating departments.
(a) Division of work
(b) Departmentalization
(c) Delegation
(d) Centralization
Marketing is called a ___ process because it involves interaction of buyers and sellers.
(a) Economic
(b) Social
(c) Legal
(d) Political
___ is a comprehensive plan for achieving its objectives.
(a) Strategy
(b) Method
(c) Rule
(d) Policy
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On 8th November 2016, with the announcement from Government of India, all the ₹500 and ₹1,000 banknotes of the Mahatma Gandhi series have ceased to be a legal tender. The givemment also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetized banknotes. Identify the concept being described in the above lines.
(a) Globalization
(b) Liberalization
(c) Demonetization
(d) Privatization
Identify the feature of co-ordination being highlighted in the given statement: “Coordination is not a one time function, it begins at the planning stage and continue till controlling.”
(a) Coordination ensures unity of action
(b) Coordination is an all pervasive function
(c) Coordination is a continuous process
(d) Coordination is a deliberate function
___ principle of management puts emphasis on judicious application of penalties by the management.
(a) Esprit de corps
(b) Order
(c) Division of work
(d) Discipline
___ is the organisational structure in which activities are grouped on the basis of products.
(a) Divisional structure
(b) Functional structure
(c) Formal
(d) Informal
___ is the marketing function which is concerned with informing the customers about the firm’s products.
(a) Transportation
(b) Selling
(c) Advertising
(d) Public Relations
__ is the type of plan which is time-bound and linked with measurable outcome.
(a) Strategy
(b) Policy
(c) Rule
(d) Budget
The Government of India launched “Make in India” initiative in September, 2014 to increase foreign direct investment (FDI) in 25 sectors. As of April, 2015, FDI inflow in India increased by 48% since the launch of “Make in India” initiative.
Identify the concept being described in the above lines, with regard to inflow of FDI.
(a) Demonetization
(b) Privatization
(c) Liberalization
(d) Globalization
Co-ordination is considered to be the essence of management because
(a) It is a common thread that runs through all the activities within the organization
(b) It is implicit and inherent in all functions of the organization
(c) It is a force that binds all the functions of management
(d) All of the above
___ principle of management states that there should be a place for everything and everything should be in its place.
(a) Equity
(b) Discipline
(c) Order
(d) Esprit de corps
__ is the organizational structure in which no department is responsible for end results.
(a) Divisional structure
(b) Functional structure
(c) Formal
(d) Informal
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ANSWERS KEY

1.B	11.C	21.C	31.C
2.A	12.A	22.D	32.C
3.B	13.D	23.B	33.D
4.A	14.A	24.B	34.A
5.C	15.A	25.A	35.C
6.C	16.C	26.A	36.D
7.A	17.B	27.A	37.C
8.A	18.A	28.B	38.D
9.A	19.C	29.B	39.C
10.C	20.B	30.A	40.B