Series OSS                                                                                                                                Code No. 66/1

                                                                                    BUSINESS STUDIES
Time allowed :3 hours                                                                                                Maximum Marks:    100

General Instructions :
(i)      Answer questions carrying 1 mark may be from 1 word to 1 sentence.
(ii)     Answer questions carrying 3 marks may be from 50-75 words.
(iii)    Answer questions carrying 4-5 marks may be about 150 words.
(iv)    Answer questions carrying 6 marks may be about 200 words.
(v)     Attempt all parts of a question together.

 

 

1. List any two personal objectives of management.    1

 

2. Give any one reason why principles of management are not rigid prescriptions.                            1

 

3. Hero Ltd’s target is to produce 10,000 shirts per month at a cost of Rs. 150 per shirt. The Production Manager could achieve this target at a cost of Rs. 160 per shirt. Do you think the Production Manager is ‘effective’ ? Give reason in support of your answer.                                       1

 

4. State the objective of ‘Motion Study’.

 

5. Give any one advantage of internal sources of recruitment.

 

6. Name the method of training in which the trainee learns under the guidance of a master worker.

 

7. Name  any  two  essential  ingredients  of  sound  working  capital management.

 

8. ‘Cost of debt’ is lower than the . ‘cost of equity share capital’. Give reasons why even then a company cannot work only with the debt.                             1

 

9. Which Act of consumer protection provides safety to consumers against,. deficient services ?

 

10. Why is consumer protection important for businessmen ? Give any one reason.

 

11.  Define planning. List any two limitations of planning.                        3

 

12.  Explain by giving any three reasons why decentralisation is important in an organisation.

 

13. Explain when and why the need is felt for having a framework within which managerial and operating tasks are performed to accomplish desired goals. Name this framework also.                         3

 

14. Explain the following money market instruments                        3
(a)    Certificate of deposit
(b)    Call money

 

15. What is meant by ‘Product concept’ of marketing ?                          3

 

16. Explain ‘Objectives’ and ‘Strategy’ as types of plan.

 

17. Blue Birds Ltd. offers to its employees to issue shares at a price which is less than the market price.
(i)     Name and explain the type of incentive offered to the employees.
(ii)    Explain one more incentive of the same category.                            4

 

18.    Explain the meaning of Financial Planning. Why is it important ? Give any two reasons.                       4

 

19. State  any  two  advantages and any two limitations of informal organisation.

20. Explain the following ‘Rights’ of consumers
(i)     Right to be heard
(ii)    Right to seek redressal

 

21. “Art is concerned with personal application of knowledge.” In the light of this statement compare all the features of art with management and: prove that it is an art.

22.    (i)  Name and explain the principle of management in which worker.should be encouraged to develop and carry out their plans for improvements in the organisation.
        (ii) Name and explain the technique of scientific management which helps in eliminating unnecessary diversity of products and thus results in saving cost.                           2½ + 2½ = 5

 

23. Explain by giving any five reasons why understanding of Business Environment is. important for managers.

 

24.  State any five methods of floating new issues in the primary market.

 

25. “An important task in the marketing of goods relates to designing the label as-it provides useful and detailed information about the product.” In the light of the above statement draw a label for a packet of ‘juice’
and highlight the important information to be provided on it.                           5

 

26. Explain ‘staffing’ as a function of management. Also explain by giving any four reasons why proper staffing is required in an organisation.                                6
                                               OR
Explain the process of selection of employees.

 

27. “Leadership is a key factor in making any organisation successful.” Do you agree with this statement ? Give any four reasons in support of  your answer.                                    6
                                               OR
“Every  action  in  the  organisation  is  initiated  through  directing.” Explain any four points of importance of directing in the light of this statement.

 

28.  Explain the meaning of ‘Budgetary Control’. Why is it considered important technique of controlling ?
                                              OR
Explain any four points highlighting the importance of controlling.

 

29. What is meant by  ‘Financing Decision’ affecting the financing decision.
                                               OR
What  is  meant  by  ‘Capital  Structure’ ?  State  any four factors affecting the choice of capital structure.

 

30.  Name the element of marketing mix which affects the revenue and profits of a firm. Explain any five factors. which help in determining this element.
                                               OR
“Generally consumers prefer to buy goods directly from the producers it  it  is  not  always  possible,”  Give  reasons  why  it  is  so,  by explaining four different factors responsible for this.