CBSE Guess > Papers > Important Questions > Class XII > 2013 > Business Studies > Business Studies - by Mr. Satish Chandra

CBSE CLASS XII

Business Studies

Long Answer Type question Ist and IInd (5 or 6 marks each)

1. Explain how management ‘increases efficiency’ and ‘helping development of society’.
2. State any five points which clarify how understanding of Business Environment  helps the managers.
3. State any five limitations of planning.
4. Pranav is engaged in ‘Transport Business’. Identify the working capital requirements of Pranav stating the reason in support of your answer. Pranav also wants to expand and diversify his Transport-Business. Explain any two factors that will affect his fixed capital requirement.
5. Differentiate between ‘Advertising’ and ‘Personal Selling’ on any five bases.
6. What is meant by ‘Formal Organization’? State any three advantages and any two limitations of ‘Formal Organization’.
7. Delegation is the entrustment of responsibility and authority to another and the creation of accountability for performance.’ In the light of this statement identify and explain the essential elements of delegation.
8. What is meant by ‘Leadership’? Describe any four qualities of a good leader.
9. What is meant by ‘Directing’ as a function of management? Describe any four points of its importance.
10. What is meant by ‘Budgetary Control’? State any five advantages of Budgetary Control.
11. What is meant by ‘Controlling’? State any five point highlighting the importance of Controlling.
12. Explain any four functions of ‘Stock exchange’.
13. Explain any four methods of  floatation of new issue in the ‘Primary Market’.
14. Consumer Products are classified on different basis. ‘Durability of the Product’ is one of them. Explain any three types of products in this category.
15. Physical distribution includes some components for physically moving the goods from manufacturers to the customers. Explain these components.
16. “Management is a profession like medical or legal profession.” Do you agree with these statements? Give any five reasons in support of your answers.
17. Explain Fayol’s Principles of  ‘equity’ and ‘order’ with examples.
18. Explain in brief the various steps involved in the process of staffing.
19. “Determining the overall cost of capital and the financial risk of the enterprise depends upon various factors.” Explain any five such factors.
20. What is Packaging? State any four  functions of packaging.
21. What is meant by ‘Divisional Structure’ of an organization? For which type of business enterprises is this structure most suitable? State any four advantages of this form of organizational structure.
22. What is meant by ‘Informal organisation’? State any three advantages and any two disadvantages of this form of organization.
23. Explain any four non financial incentives.
24. Explain any four psychological barriers of communication.
25. “Sound Financial Planning is  essential for the success of any business enterprise.” Explain this statement by giving any six reasons.
26. You are a Finance Manager of a newly established company. The Directors have asked you to determine the amount of Fixed Capital requirement for the company. Explain any four factors that you will consider while determining the Fixed capital requirement for the company.
27. Name the element of marketing-mix in which a set of firms and individuals creates possession, place and time utility and helps in market offering. Also explain any five important functions performed by this element.
28. Identify and explain the promotional tool of marketing-mix which plays a persuasive, service and informative role and thereby links a business firms to its customers. Also explain by giving any four reasons how this tool helps in increasing the sales businessmen.
    
29. Reena purchased one litre of pure Deshi Ghee from shopkeeper. After using it she had a doubt that it is adulterated. She sent it for a laboratory test which confirmed that the Ghee is adulterated. State any six reliefs available to Reena, if she complains and the Consumer Court is satisfied about the genuineness of the complaint.
30. Prakhar purchased an ISI mark electric iron from ‘Bharat Electricals’. While utilising the found that it was not working properly. He approached the seller and complains for the same. The seller satisfies Prakhar by saying that he will ask the manufacturer to replace this iron. The manufacturer refused to replace and ‘Bharat Electricals’ decided to file a complain in the Consumer Court.
    Can ‘Bharat Electricals’ do this ? Also explain ‘who is a consumer’ as per Consumer Protection Act, 1986.

Submitted By : Mr. Satish Chandra
Email : [email protected]