CBSE Class 12 Business Studies Exam Board MCQs Set 06

Question. Which of the following is not essential element of an effective control system?
a) Rigid
b) Flexible
c) Economical
d) Simple

Answer: A

Question. Which concept of management propagates the belief that people are competent, capable and resourceful. They can assume responsibility for the effective implementation of their decisions.
a) Delegation
b) Decentralisation
c) Leadership
d) Coordination

Answer: B

Question. It provides the framework which enables the enterprise to function as an integrated unit by regulating and coordinating the responsibilities of individuals and departments.
a) Management
b) Coordination
c) Planning
d) Organisation structure

Answer: D

Question. Which is the simplest type of plan?
a) Policy
b) Method
c) Rule
d) Objectives

Answer: C

Question. Which market directly contributes to capital formation?
a) Money market
b) Capital market
c) Primary market
d) Secondary market

Answer: C

Question. Sensex is dependent on ____________ companies.
a) 30
b) 50
c) 100
d) 500

Answer: B

Question. Which company did Taylor join in America in 1878 as a labourer?
a) Bethlehem Steel Works
b) American Steel Company
c) Midvale Steel Company
d) None of these

Answer: C

Question. A manufacturer sells the goods to a retailer and retailer sells the goods to customers. Identify the type of channel of distribution:
a) Direct channel
b) One level channel
c) Two level channel
d) Three level channel

Answer: B

Question. Which channel of distribution does not include indirect channels?
a) Zero level
b) One level
c) Two level
d) Three level

Answer: A

Question. The meaning of development is to make the employees efficient in ___________field/fields.
a) A particular
b) Two
c) Three
d) All of the options

Answer: D

Question. The word development is linked or associated with:
a) Managers
b) Workers
c) Supervisors
d) Workers and supervisors

Answer: A

Question. The word training is associated with:
a) Managers
b) Workers
c) Supervisors
d) Workers and supervisors

Answer: D

Fill in the blanks

Question. Amount invested in _______________________ is known as fixed capital.
Answer: Fixed Assets

Question. Excess of current assets over current liabilities is known as_____________.
Answer: Net working capital

Question. ________________ capital keeps on circulating in business.
Answer: Working

Question. Scalar chain is also known as the chain of____________________.
Answer: Command

Question. Fyol classified team spirit as____________________.
Answer: Espirit De Corps

Question. Funds invested in plant and machinery are a part of ____________ capital.
Answer: Fixed

Question. Wealth maximisation means maximisation of________________ of shares.
Answer: Market price

Question. Marketing focuses on the needs of______________________.
Answer: Customers

Question. _____________________________is an extension to marketing concept.
Answer: Societal marketing concept

Question. ____________________________refers to any person or organisation that takes more active part in the process of exchange.
Answer: Marketer

Question. _______________________concept focuses on availability and affordability of the product.
Answer: Production

Question. ________________________ concept assumes that customers can be persuaded and manipulated to buy the products.
Answer: Selling

Question. Name the selection test which is a good indicator of a person’s future success score.
Answer: Aptitude test

Question. In the communication process, there is an exchange of_______________ (Money/Ideas).
Answer: Ideas

Question. Providing the free car facility in addition to the salary is an example of ______________ of financial incentive. (Perquisites/Bonus)
Answer: Perquisites

Question. __________________ decision is concerned with deciding how much to raise from owner’s funds and how much from borrowed funds.
Answer: Financing