CBSE (Central Board of Secondary Education- Board Exam) Class-12 Business-Studies: Questions 405 - 414 of 442

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Question number: 405

» Management and Business Environment » Business Environment

Appeared in Year: 2012

Essay Question▾

Describe in Detail

State any five features of ‘Business Environment’.

Explanation

1. Totality of External Forces: The business environment is the sum total of all individuals, institutions and other forces that are outside the control of a business enterprises.

2. Dynamic Nature: Business environment is dynamic in nature as it keeps on changing.

3. Specific and General Forces: Business environment includes

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Question number: 406

» Nature and Significance of Management » Concept of Management

Appeared in Year: 2012

Short Answer Question▾

Write in Short

Identify the nature of management when it is said to be a systematized body of knowledge that explains certain general truths.

Question number: 407

» Consumer Protection » Comsumer Awareness

Appeared in Year: 2012

Essay Question▾

Describe in Detail

Explain the following ‘Rights of Consumers’:

(A) Right to safety and

(B) Right to consumer Education

Explanation

(A) Right to safety: - Consumer has right to safeguarded against goods and services. For example manufacturing defects in electrical appliances, cooking gas cylinders can be injurious to life and health. So, consumer has right to be protected against the harm.

(B) Right to consumer education: - The right to

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Question number: 408

» Controlling » Concept & Importance

Appeared in Year: 2012

Essay Question▾

Describe in Detail

What is meant by ‘Motivation’? Explain Maslow’s need hierarchy theory of motivation.

Explanation

Motivation implies encouraging and including employees to perform best of their capabilities to achieve desired goals of organization.

Maslow’s need hierarchy theory provides that knowledge of these needs manger to understand behavior of employees.

Assumptions: -

Maslow’s theory is based on following assumption: -

  • People’s need influences their behavior.
  • Individual
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Question number: 409

» Organising » Decentralization

Appeared in Year: 2012

Essay Question▾

Describe in Detail

What is meant by ‘Decentralization’? State any four points of importance of decentralization.

Explanation

Decentralization refers the dispersal of decision making power. This policy depends on the organization as it chooses to be centralized or decentralized depending on its objectives.

Importance of decentralization is given below: -

(1) Initiative: - Decentralization gives freedom to lower managerial levels it follows managers to take their own

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Question number: 410

» Controlling » Steps in the Process of Control

Short Answer Question▾

Write in Short

Which two steps in the process of control are concerned with compelling events to confirm to the plan?

Question number: 411

» Financial Markets » Concept and Types

Appeared in Year: 2012

Short Answer Question▾

Write in Short

What is meant by ‘Informal communication’?

Question number: 412

» Management and Business Environment » Business Environment

Essay Question▾

Describe in Detail

Explain with the help of one example each how Political Environment’ and ‘Legal Environment’ affect the functioning of a business enterprise.

Explanation

Political Environment: Changes in political situation affect business organizations.

Political Environment includes political conditions as given below: -

  • Stability: - Political stability builds confidence business community white political unpredictability and bad law order situation bring in business activities.
  • Peace: - Political environment has immediate and great impact on the business
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Question number: 413

» Management and Business Environment » Business Environment

Short Answer Question▾

Write in Short

What is meant by ‘Promotion Mix’?

Question number: 414

» Organising » Types of Organization

Appeared in Year: 2012

Essay Question▾

Describe in Detail

What is meant by ‘Informal organization’? State the features of Informal organization.

Explanation

  • Informal organization denotes network of social relationship that arises personal interaction between the employees of an organization.
  • This originates from formal organization when employees interact outside their role. When employee with different job profile in organization interact with one another.
  • Features of informal organization are given below: -

(1) They

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