NIOS| BUSINESS STUDIES (319)| SOLVED PAPER – (OCT - 2022)| SENIOR SECONDARY| ENGLISH MEDIUM
BUSINESS STUDIES
(319)
[OCT - 2022]
Time: 3 Hours
Maximum Marks: 100
Note:
(i) All questions
are compulsory. There is no overall choice, however, alternative choices are
given in some questions. In such questions, you have to attempt only one
choice.
(ii) Marks
allotted are indicated against each question.
(iii) Each
question from Question Nos. 1 to 10 has four alternatives - (A), (B), (C) and
(D) out of which one is most appropriate. Choose the correct answer among the
four alternatives and write it in your answer-book against the number of the
question. No extra time is allotted for attempting multiple-choice questions.
1. This principle of management states that placement of man and materials should be properly made: 1
(A) Unity of
Command
(B) Unity of Direction
(C) Scalar
Chain
(D) Order
2. Under functional foremanship who among the following
has to ensure that output agrees to the standard of quality set by the planning
department: 1
(A) Inspector
(B) Speed
Boss
(C) Gang Boss
(D) Time and
Cost Clerk
3. Which of the following type of organisation is managed
by officially appointed managers? 1
(A) Informal
(B) Formal
(C) Both (A)
and (B)
(D) None of
the above
4. This function of management helps in getting right
people, for the right job and at the right time: 1
(A) Planning
(B)
Organising
(C) Staffing
(D) Directing
5. The maturity period of this money market instrument
ranges from 15 days to one year: 1
(A) Call
Money
(B) Treasury
Bill
(C) Commercial Paper
(D)
Certificate of Deposit
6. A contract whereby one can use the assets of the other
with due permission of the owner on payment of rent without purchasing them is
called: 1
(A) Foreign
Investment
(B) Lease Finance
(C) Retention
of Profit
(D) Cash
Credit
7. The function of marketing that involves collection and
analysis of facts relevant to various aspects of marketing is called: 1
(A) Product
Planning and Development
(B) Marketing Research
(C)
Standardisation and Grading
(D) Promotion
of the Product
8. Which of the following is not an element of marketing
mix? 1
(A) Publicity
(B) Product
(C) Promotion
(D) Price
9. Which of the following methods of pricing is used for
introduction of new products? 1
(A) Competition Based Pricing
(B) Demand
Based Pricing
(C) Cost
Based Pricing
(D) Objective
Based Pricing
10. Under which of the following Consumer Right a
consumer has a right to receive knowledge and skill to become informed
consumer? 1
(A) Right to
be informed
(B) Right to
choose
(C) Right to
be heard
(D) Right to consumer education
11. Name the function of management that harmonises group
efforts so as to achieve common objectives. Also list any five characteristics
of this function. 3
Ans:- The function of management which harmonizes the
efforts of a group to achieve common objectives is called coordination.
Coordination is the systematic arrangement of group efforts to provide unity of
action in the achievement of a common objective. It involves uniting,
integrating and harmonizing the activities of different departments and
individuals for the achievement of a common goal.
Some features
of coordination are as follows:-
(i) Unity
of action: The objectives of management can be achieved only when there is
unity of action among the employees.
(ii)
Continuous Process: Management is a continuous process because it is
required at every level and every function of an organization.
(iii)
Leadership: Leadership is a process by which a manager directs and
influences the work of his subordinates in the desired direction.
(iv)
Assigning authority and responsibility: Management is a process of
directing people to perform tasks.
(v) Dynamic
Principles: The principles of management are changing according to the
changing business environment.
12. Name and explain the concept in organising that
refers to the systematic effort to delegate authority at all levels of
management and in all departments. 3
Ans:- Decentralization is an organization concept
that refers to the systematic effort to delegate authority across all levels of
management and all departments of an organization. It involves the dispersion
of authority throughout the organization, except those that can be exercised at
central points.
In a
decentralized organization, the top management has the authority to take major
decisions and formulate policies.
The process
of delegation of authority includes:-
(i)
Identifying the task
(ii) Grouping
of work
(iii)
Establishing hierarchy
(iv)
Delegation of authority
(v)
coordination
In the process
of delegation of authority, the manager needs to train his subordinates
according to the assigned work.
13. Explain the importance of business finance by giving
any three points. 3
Ans:- Importance of Business Finance:
Now we know the
meaning of business finance, let us know its importance. Business finance is an
essential requirement for setting up any business. Money is actually the most
important tool to bridge the gap between production and sales. Let us take a
look at some of the important functions of business finance.
(i) We need
business finance to meet certain contingencies and any unexpected problems that
may arise
(ii) Necessary
to promote sales
(iii) The need
to take advantage of any business opportunity.
14. Distinguish between ‘advertising' and 'publicity' on
the following basis: 3
(a) Payment
(b) Identified
Sponsor
(c) Purpose
Ans:- Advertising and publicity differ in the following
ways:
(i) Payment:
Advertising is a paid activity, whereas publicity is free.
(ii)
Identified Sponsor: Advertising is done by an identified person or company,
whereas publicity has no sponsor.
(iii) Purpose:
The main objective of advertising is to increase the sales of a company's
product or service, whereas the main purpose of publicity is to popularize a
company's product or service among the general public.
Advertising is a
paid form of non-personal presentation or promotion of ideas, goods or
services. Publicity is any commercially significant news that has no sponsor,
is non-personal, and is not paid for by the individual or organization
involved.
15. Describe the various types of products on the basis
of tangibility. 3
Ans:- Products can be classified into three
categories on the basis of tangibility:
(i) Tangible
goods: These have physical form and can be seen, touched and felt.
(ii)
Intangible goods: Refer to services provided to consumers or organizational
buyers.
(iii)
Non-durable goods: They are tangible goods which are consumed for one or a
few uses.
16. Explain any four points that highlights the nature of
principles of management. 4
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