List of top Business Studies Questions

Explain any three points of importance of ’Controlling’ function of management.
State any three points of importance of the function identified in (i) above.
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.
Which of the following is not a feature of marketing:
‘Increase in profit earned by equity shareholders due to the presence of fixed financial charges like interest' is referred to as:
A name, term, symbol, design, or some combination of these, used to identify the products, goods or services of one seller or group of sellers and to differentiate them from those of the competitors is known as:
Financial market allocates or directs funds available for investment into the most productive investment opportunity. In doing so, it performs the ____________________________ function.
The selection tests which are used to measure individual's potential for learning new skills are called:
‘JKSD India Ltd.' recently introduced a new range of 'fresh from kitchen' jams, ketchups, salad dressings and peanut butter, etc. They appointed salespersons to contact prospective customers in leading malls to create awareness about their products and develop product preferences with the aim of making sales.
Which tool of promotion is being used by 'JKSD India Ltd.' to market its products:
Sunita opened her travel agency named 'Sunita Travels' in July, 2023. She created separate departments for reservations, hotel bookings, online queries and payment handling. Which organisation structure is used by Sunita:
'Lens-o' was started as an online eyewear company selling glasses and contact lenses on their website. Recently, it set up a uniquely designed offline store, so that customers can also buy their products from the company showroom.
Which channel of distribution is used by the company:
Statement I: Controlling ensures that activities in an organization are performed as per the plans.
Statement II: Controlling function of a manager is a pervasive function.
Choose the correct option from the options given below:
'A public issue of equity may reduce the management holding in the company and make it vulnerable to takeover. This factor also influences the choice between debt and equity, especially in companies in which the current holding of management is on a lower side.'
The factor affecting the choice of capital structure discussed in the above case is:
‘Lack of confidence of superior in his subordinates' is one of the barriers of communication. Identify the communication barrier:
Sushant was an able Project Manager at 'Keiro Ltd.' Sushant's Head, Naveen handed over a new project to Sushant. Sushant already had enough work in hand. So, Sushant decided to divide the work assigned to him, among three of his subordinates. He himself kept that part of the work which he could perform effectively and got his subordinates to help him with the remaining tasks. The project got completed well in time because of this.
The concept of management used by Sushant to complete the project was:
Read the following statements: Assertion
Match the Marketing Management philosophies given in Column I with their main focus given in Column II: 
Marketing Management philosophies
Sudha and Shweta were twin sisters. After completing their education from college, they decided to start a business. As they were Commerce students, they knew the importance of deciding in advance 'what to do' and 'how to do'. It was very challenging for them as this decision was to guide all their future actions. While discussing the same with their mother, they got a new idea of starting a 'Cloud Kitchen'. Both the sisters were very excited to start this. The idea took the shape of a concrete plan and within a month, they were successful in starting their 'Cloud Kitchen.'
Identify the point of importance of planning highlighted in the above case:
____________________________ is the process of holding securities in an electronic form.
____________________________ is the process of searching for prospective employees and stimulating them to apply for jobs in the organization.
From the following, choose the incorrect statement about the importance of 'Directing' function of management:
Akash Mehra is the Marketing Manager of 'Kedanta Enterprises'. He gives orders and expects his subordinates to obey those orders. Communication is only one-way with the subordinates only acting according to the command given by him.
Identify the leadership style of Akash Mehra:
‘Vishesh Constructions', a construction company, decided to strictly implement 'No Helmet, No Entry’ and put the following sign at their construction sites: 
Vishesh Constructions', a construction company

 Identify the type of plan indicated by the above sign: 
 
Explain any four points of importance of the 'Directing' function of management.
Give the meaning of "Training". Explain the following methods of training:
(i) Apprenticeship Training
(ii) Internship Training