NIOS, TMA ASSIGNMENT – (2024-25), BUSINESS STUDIES (319), SOLVED PAPER| SENIOR SECONDARY| ENGLISH MEDIUM
ASSIGNMENT (TMA) - 2024-25
BUSINESS STUDIES
(319)
(NEW COURSE)
TUTOR MARKED ASSIGNMENT
Max. Marks: 20
Note:
(i) All questions are compulsory. The marks allotted for each question are indicated against each question.
(ii) Write your name enrolment number, AI name, and subject on the top of the first page of the answer sheet.
1. Answer any one of the following questions in about 40-60 words:- 2
(a)
Auxiliaries to Trade are activities which are meant for assisting trade by
removing various hindrances/ obstacles in trade. Analyze and explain any two
types of activities providing support to the trading activities. (See Lesson 1)
Ans:- The
auxiliary means of trade are the essential services and activities that
facilitate the smooth flow of goods and services from producers to consumers.
They help overcome various barriers in trade, such as time, space, risk and
information gap.
The two
major auxiliary means of trade are:-
(i)
Transport and communication: Transport overcomes the barrier of location by
moving goods from the point of production to the point of consumption. It
includes various modes such as road, rail, air and sea. Communication services
such as post, telephone and internet help in the exchange of information
between parties, acting as a link between manufacturers, traders and consumers.
(ii) Banking
and finance: Banks and financial institutions provide the funds required
for business activities through loans, overdrafts and other credit facilities.
They help overcome the barrier of capital. Banks also provide services such as
discounting of bills, issuing drafts and facilitating foreign trade
transactions. Finance is important for acquiring machinery, raw materials and
meeting expenses.
These trade
support tools play a vital role in enabling commerce by increasing efficiency,
reducing risk, and connecting buyers and sellers across geographic boundaries.
(b) Name any
two special services rendered by the post office for the benefit of business
and explain the briefly. (See Lesson 2)
Ans:- The
post office offers various special services for businesses, including:-
(i) Business
Post: This service offers comprehensive mailing solutions, including mail
collection, franking and addressing. It is designed to suit the needs of both
small and large businesses, ensuring efficient mail handling at affordable
rates.
(ii) Direct
Post: This service allows businesses to send unaddressed promotional
materials such as brochures and pamphlets in bulk, making it a cost-effective
advertising option. This service requires a minimum of 1,000 pieces, allowing
for a wide reach.
2. Answer any one of the following questions in about
40-60 words:- 2
(a) Are you
aware the existence and success of any organisation largely depends on the kind
of management it has. State any two characteristics of principles of
management. (See Lesson 6)
Ans:- The
effectiveness and success of an organisation depend greatly on its management
principles.
These
principles have two key characteristics:-
(i) Universal
applicability: Management principles can be applied to a wide variety of
organisations, regardless of their size or nature, making them relevant in a
variety of contexts.
(ii)
Flexibility: These principles are not rigid; they can be adapted and
modified by managers depending on the specific circumstances and needs of the
organisation.
(b) Can
management be treated as a profession? Give reasons in support of your answer.
(See Lesson 6)
Ans:-
Management can be considered a profession, but it does not have certain
characteristics that fully align it with the typical characteristics of a
profession:-
(i) Management
has a well-defined body of knowledge that is taught intellectually and with an
organisational focus. Specialised knowledge and skills are required to become a
successful manager.
(ii) There are
formal education and training programmes such as MBA degrees to prepare
individuals for management careers. However, unlike traditional professions,
there are no strict minimum qualification requirements to become a manager.
(iii) Management
has representative associations such as the All India Management Association
(AIMA) that work to regulate and develop the profession. However, these associations
do not have the authority to grant practising certificates or impose strict
codes of conduct.
(iv) While
managers are expected to adhere to ethical standards and serve the interests of
stakeholders, there is no universally accepted code of conduct that is legally
enforceable across organisations.
So to summarise,
management exhibits many characteristics of a profession but lacks certain key
features such as regulated entry, compulsory qualifications and a legally
binding code of conduct. It occupies a position between a full-fledged
profession and a regular occupation.
3. Answer any one of the following questions in about
40-60 words:- 2
(a) Assume
yourself as a Marketer and mention any two ways in which Marketing helps in
making products available irrespective of time and place. (See Lesson 14)
Ans:-
Marketing and Product Availability:-
(i)
E-commerce Platforms: Marketing leverages online platforms to facilitate 24/7
access to products, allowing consumers to shop anytime and anywhere, breaking
geographical barriers.
(ii)
Digital Advertising: Targeted digital marketing campaigns ensure that
consumers are informed about products through various channels, making it easier
for them to make a purchase regardless of their location or the time of day.
(b) Is there any
difference between traditional and modern concept of marketing? If agreed then
state any two difference between them with suitable example. (See Lesson 14)
4. Answer any one of the following questions in about
100-150 words:- 4
(a)
"Consumer protection means safeguarding the interest and rights of
consumers and protection of consumers from unscrupulous and unethical
malpractices by the business". Identify the most common business
malpractices leading to consumer exploitation.
(See Lesson 17)
Ans:- The
most common business malpractices that lead to consumer exploitation are as
follows:-
(i) Sale of
adulterated goods: This involves adding substandard substances to genuine
products, thereby compromising quality and safety.
(ii) Sale of
counterfeit goods: Businesses may sell counterfeit goods that have little
or no value, thereby misleading consumers that they are buying legitimate
products.
(iii) Use of
false weights and measures: This practice results in consumers getting less
product than the price they paid for, which essentially cheats them.
(iv)
Deceptive advertising: Companies often make exaggerated claims about their
products, thereby misleading consumers about their effectiveness or quality.
(v) Hoarding
and black marketing: This creates artificial shortages, thereby driving up
prices and creating unfair market conditions.
(vi) Supply
of defective goods: Selling products that are defective or do not meet
quality standards is a significant concern for consumers.
(b) XYZ
shopkeeper sold you some pulses claiming that it was pure. Later a laboratory
test showed that these were adulterated. As a consumer what action would you
take against this wrongful act of the shopkeeper? (See Lesson 17)
5. Answer any one of the following questions in about
100-150 words. 4
(a) Your friend
wants to prepare his/her Bio data to apply for a Job. Suggest him/her any four
points one should mention in his/her bio-data. (See Lesson 21)
(b) Are you
aware about electronic media helping the job seekers? If yes, describe the role
of electronic media in helping the job seekers to get the jobs of their choice.
(See Lesson 21)
6. Prepare any one project out of the following projects
given below. 6
(a) Anil Singh
now plans to open a modern equipped warehouse to store vegetables and fruits,
milk and other requirements. He does not know the amount of funds he requires
for the same. Explaining him the factors affecting his working capital and
fixed capital requirement. (See Lesson 11)
(b) You have
gone through the various forms of business organisations and decided to start a
business. Which form of business organisation will you choose & why?
Express your views with main points. (See Lesson 4)
[FULL UP TO DATE COMING SOON]
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