Business Studies M.C.Q (1 Marks)

Controlling function of an organisation is:

________ are essential ingredients of sound working capital management.

Match the functions of management in Column I with their explanation in Column II:

(a) Planning	(i) Setting goals in advance and developing a way of achieving them effectively and effectively.
(b) Organising	(ii) Establishing an atmosphere that encourages employees to do their best.
(c) Directing	(iii) Determining what activities and resources are required.
(d) Controlling	(iv) Determining what activities and outputs are critical to success.

Vimal Masala and Sons is a manufacturer of tobacco products. It decided to increase profits by at least 20% in the next quarter. It has many options.
i. To increase the working hours of labourers without additional payment.
ii. To employ children from the local community.
iii. To sell its products outside the schools and colleges.
It opted the (ii) and (iii) options to achieve the target.
Identify the function of management described in the above para.

Statement I: Marketing is concerned with exchange of goods and services from producers to consumers or users in such a way that maximises the satisfaction of customers’ needs.
Statement II: Gathering and Analysing Market Information is important for making an analysis of the available opportunities and threats as well as strengths and weaknesses of the organisation and help in deciding what opportunities can best be pursued by it.

Financial Management aims at:

R-Ox Ltd. wants to increase their market share by 4.5% in next two years. It spent a lot of money to hire specialized people for framing their plans, collecting important facts about environment who took lot of time to frame plans for the company. The competition has started increasing, and it is not able to beat its competitors because it has already spent a huge amount. The plan failed and company suffered a huge loss. Identify the limitation of planning stated in the given case.

Statement I: The Chapter V of the Consumer Protection Act of 2019 provides for a mediation process for settlement of disputes at three levels - National, State and District with all three being attached to the respective commissions.
Statement II: Either on the first hearing or at any later stage, it appears to district commission that there exists elements of settlement which may be acceptable to the parties, it may direct them to give their consent for settlement of dispute through mediation within forty five days.

Temptations is a food joint in Imperial Mall in Bengaluru. It is becoming popular among students and working people due to healthy, on-the-go dishes on its menu like Paneer Wrap, Chickpeas Salad, Grilled Sandwiches, etc. It has now decided to open two new branches in other parts of Bengaluru. Which financial decision has been discussed in the above case?

Securities Exchange Board of India (SEBI) was established in ________.

Assertion (A): Delegation leads to effective management.
Reason (R): Delegation empowers the employees by providing them with the chance to use their skills, gain experience and develop themselves for higher positions.

Which of the following statement is false?
a. The dividend in growth companies is smaller than that in the non-growth companies.
b. Increased use of debt always lowers the overall cost of capital of the firm.
c. Financial planning is not equivalent to, or a substitute for, financial management.
d. Financial Planning includes both short-term as well as long-term planning.

Joining a job marks the beginning of socialisation of the employee at the workplace. The employee is given a brief presentation about the company and is introduced to his superiors, subordinates and the colleagues. He is taken around the workplace and given the change of the job for which he has been selected. This process of familiarisation is very crucial and may have a lasting impact on his decision to stay and on his job performance.
Identify the two concepts of one of the functions of management highlighted above.

It is necessary for an investor to obtain Certificate of Deposits for ₹ ________ lakh.

________ is the step in the controlling process where standards may have to be revised in case the deviation can not be corrected through managerial action.

________ aims at reducing the cost of funds procured, keeping the risk under control and achieving effective deployment of such funds.

Name the type of plan which defines the formal parameters within which the managers may function.

What is meant by Demat Account?

Digital Pvt. Ltd. is a mobile manufacturing company. The manager of the company observed that the market is dynamic and a lot of changes were taking place in the mobile market and hence, the risk of the product becoming obsolete is high. The designs of the phones are governed by requirements and preferences of the customers. He started incorporating new and advanced features taking clue from the consumers and with the help of his workers.
Identify the characteristic of management highlighted in this case.