List of top Business Studies Questions

Match the Marketing Management philosophies given in Column I with their main focus given in Column II: 
Marketing Management philosophies
After studying Entrepreneurship in Class XII, Neel completed a baking course and started a bakery, 'Cakes and Bakes'. He set a target of earning a modest 10% return on investment in the first year. As he was supplying healthy bakery products, the demand kept increasing. 'Cakes and Bakes' became a famous bakery in a year. He now wanted to develop a plan to define the direction and scope of 'Cakes and Bakes' for the long run. He made a marketing plan to decide if he could charge higher price to improve his return on investment, how to advertise the products, etc.
Quoting lines from the above paragraph, identify and explain two types of plans discussed in the above case.
Explain the following points of significance of principles of management:
(i) Providing Managers with Useful Insights into Reality
(ii) Scientific Decisions
(iii) Fulfilling Social Responsibility
Ashish wanted to purchase one LCD TV for his home. He decided to go to various stores selling electronic items to check the available varieties of different brands. One of his friends took him to a manufacturer selling LCD TV at almost half the price. The manufacturer described its various features and insisted that Ashish buys the LCD TV from him. Seeing the features, Ashish decided to buy the TV from him, even when the TV was not having any standardisation mark on it. When Ashish asked for the cash memo, the manufacturer discouraged him, saying that it will attract additional tax. He further told Ashish not to worry and promised that if there would be any problem with the TV, he would replace it immediately. The TV started malfunctioning within a month and Ashish asked for its replacement. The manufacturer refused to replace the LCD TV, telling him that the problem is due to mishandling of the TV. Ashish decided to file a complaint in the Consumer Court against the manufacturer.
(i) Identify and explain two consumer rights discussed in the above case
State two consumer responsibilities that Ashish did not fulfil while buying the LCD
Explain any four points of importance of Planning function of management.
Differentiate between 'Formal Organization' and 'Informal Organization' on any six bases.
Explain the following principles of Scientific Management:
Nalini has an online flower and gifts retail business. She has eight outlets in four cities of India. From November to February, during the wedding season, the demand shoots up. She coordinates the efforts of her staff in a conscious and deliberate manner and plans for the wedding season demand in the month of June itself. She ensures that there is adequate workforce and continuously monitors whether work is proceeding according to plans. She also briefs the marketing department in time to prepare their promotional and advertising campaigns. Thus, her coordination with all departments of the organization begins at the planning stage and continues till controlling. This acts as a binding force between the departments and ensures that all action is aimed at achieving organizational goals. As a result, Nalini is able to give a common focus to group effort to ensure that the business is performing as planned, year after year.
Quoting lines from the above paragraph, identify and explain four features of an important concept of management highlighted in the above case.
Ashwin was a fashion designer. On losing his job, he decided to sell the designer clothes online under the brand name 'Kogue.' The garments were made of good quality fabric with intricate designs and skilled craftsmanship, making them expensive to produce. Realizing that the online market is very competitive, he decided to charge a reasonable price for the garments. The price would cover the cost of production and sale of garments as well as give him a 10\% margin over and above the cost.
Identify and explain two factors affecting the price determination discussed in the above case.
‘VBR Cinema', an Indian multiplex cinema hall was the first to recognize the change in consumption habits of people. It changed its food menu from burgers, pizza, soft drinks, etc., and switched over to healthier options like salads and smoothies, soups, and anjeer-based sweets. Within a month, the revenue of the multiplex from sale of food items doubled.
'VBR Cinema', by continuously monitoring the environment and adopting suitable business practices, was able to improve its revenues and profits and was hopeful that it will continue to succeed in the market in the long run too.
Identify and explain one dimension of business environment and one point of importance of understanding the business environment highlighted in the above case.
Distinguish between Primary Market and Secondary Market on any four bases.
Explain ‘Vestibule Training' and 'Apprenticeship Programme’ as methods of training.
State any four advantages of internal sources of recruitment.
Explain the following factors affecting the requirements of fixed capital:
Explain the following factors affecting dividend decision:
‘Inaya Ltd.' is a multinational technology company focusing on artificial intelligence, online advertising and search engine technology. The company is generating good profits and takes care of the well-being of its staff. The company offers benefits like car allowance, medical aid, and allowance for children's education to all employees above the Manager's level. It regularly contributes towards the Employees' Provident Fund and pays gratuity on retirement to its employees. Under a special incentive scheme, the employees are offered shares of 'Inaya Ltd.' at a set price which is lower than the market price. Each year, the company keeps aside funds to pay one percent of base salary as bonus to its employees. No wonder 90\% of the employees would recommend working at 'Inaya Ltd.' to a friend.
Explain four incentives being provided by 'Inaya Ltd.' to motivate their employees for better performance.
State any three objectives of the Securities and Exchange Board of India (SEBI).
State any three 'regulatory functions' of Securities and Exchange Board of India.
Explain the relationship between 'Planning' and 'Controlling' functions of management with the help of any three points.
Explain any three points of importance of ’Controlling’ function of management.
State any three points of importance of the function identified in (i) above.
‘Increase in profit earned by equity shareholders due to the presence of fixed financial charges like interest' is referred to as:
Which of the following is not a feature of marketing:
Piyush is the Production Manager of a shoe company ’Comforty’. He has 1000 workers under him in his department. Piyush booked a special order for 300 pairs of gents shoes at an estimated cost price of |500 per pair plus a 20% profit margin. This order is to be completed within 10 days. After completion of the order, Piyush found out that the production cost of one pair of shoes was |700. He tried to find out the reason but he couldn’t. He reported it to the Chief Executive Officer. For this the Chief Executive Officer appointed Abhay, who was not only a specialized Cost Accountant, but also a qualified Human Resource Manager. After two days, Abhay reported that the set target could have been completed by only 800 workers. This revealed that there was overmanning in the organization, The organization was not utilizing the human resources optimally which had led to high labour cost. The above case highlights an important function of management.
(i) Identify the function of management discussed above.