Navya Anubhuti

Welcome to GLT SARASWATI

Bal Mandir Sr. Sec. School

Nehru Nagar

Akhil Bhartiya Vidya

Sansthan

Run By SAMARTH SHIKSHA SAMITI

Inter School Quiz

CLASS XII

ACCOUNTANCY & BUSINESS STUDIES

ORGANISED BY

SAMARTH SHIKSHA SAMITI

DATE : 21ST

Nov 2016

VENUE – GLT SARASWATI BAL MANDIR

NEHRU NAGAR

Navya Anubhuti

BUSINESS

STUDIESQuiz

Class XII

(2016-17)

Question : 1

” No smoking in the workshop “

This statement is related to

which type of plan .

Answer : 1 Rule

Question : 2

“ Which component of product mixdescribes the usage of product “ its content and cautions in use ofproduct ?

Answer : 2Labelling

Question : 3

An ideal control system is the

one that checks every bit

of performance. Do you agree

with this statement ? Support

your answer.

Answer : 3No, an ideal control system does

not check every bit of performance

because a manager focuses only

on key points and uses

Management by Exception

“ One helps in performing job better

and is job oriented while other leads

to overall growth of an employee

and is career oriented”. Name the two

concepts.

Question : 4

Answer :4

1. Training 2. Development

“Unclarified assumptions ” is which

type of barrier to communication.

Audience Question : 5

Answer :5

Semantic Barrier

Identify the Maslow’s hierarchy

need highlighted in the following

statement :

Receipt of appreciation letter

from HRD Minister on Teacher’s

Day to get recognition.

Question : 6

Answer : 6

Esteem Needs

“ A good leader does not wait for the

Opportunities but Creates them ”.

This statement is related to

which quality of a good leader?

Question : 7

Answer :7

Initiative

Name the non -paid form of

communication of

information about the

products.

Question : 8

Answer :8

Publicity

( Public Relations )

Question : 9

“Which source of recruitment has the

disadvantage of increase in labour

turnover ?

Answer : 9

External Source of

Recruitment

Audience Question : 10“People took both ways before

crossing the street and if they don’t

look before they don’t feel safe”.

Name the need which is highlighted

In the given statement.

Answer :10

Safety and Security Needs

Question : 11

This Diwali LOFO Company gives the

offer to their customers 2GB at 3GB

speed for a month , for Rs. 395

instead of Rs. 450 . Identify the sales

promotion technique highlighted in

the above case.

Answer :11

Rebate

Question : 12

Mr. Divyanshu , Manager ( Operations)

does not define clear goals to his

subordinates and is not regularly up

to date with their work as all the

employees are skilled and

experienced

in their job . Which is the style of

leadership being followed by him ?

Answer : 12

Laissez –

faire leadership style

Question : 13

“Our assets walk out of door each

evening ,we have to make sure that

they come back the next morning".

This statement relates to which

function of management.

Answer :13

Staffing

Question : 14

You are the manager of Vision

Chemicals Limited. It is reported to

you that the Postal expenses have

increased by 10% over standard

rates and cost of raw materials has

increased by 2%.Which of the two

deviations will be more critical to

you?

Answer :14

Increase in cost of raw

material by 2% is more

critical. (Critical Point Control)

Audience Question : 15

Workers of a factory are unwilling to

take up any kind of work. Due to rise

in demand firm wants them to

cooperate with pending orders. The

supervisor is finding it difficult

to cope up with situation. Which

element of directing is missing in the

organization?

Answer :15Motivation is required to

induce the workers and to get

willing cooperation

of the workers.

Question : 16

Parveen is working under the

guideline of Atul a carpenter for

last three years to learn the

different skills of this job. Name

the method of training Parveen

is undergoing.

Answer : 16

Apprenticeship Training

Question : 17

“ We do not sell on credit ”

This statement is related

to which type of plan.

Answer : 17

Policy

Question : 18

Reliance Limited offers to its

Employees shares at a price

which is less than the market

price. Name the incentive

offered to the employees.

Answer : 18

Co-Partnership/Employee

stock Option Scheme.

Question : 19

Himalaya products is a natural and

ethical beauty brand famous for

offering organic beauty products for

men and women. The company uses

plant based materials for its

products and is number one beauty

brand in the country. Identify the

marketing philosphy.

Answer : 19

Societal Marketing Concept

Audience Question : 20

“ Bending the customers according

to the product ” and “ Developing the

product according to the customer

needs ” are the two important

concepts of Marketing Management .

Identify the concept.

Answer : 20

(A)Selling Concept

(B)Marketing Concept

Question : 21

A project of Siddharth Ltd. is running behind schedule because unskilled workers take more time to complete the task. As a result , the management decided to employ skilled workers to complete the project on time. Identify the step of the controlling process highlighted here.

Answer : 21

Taking Corrective Action

Question : 22

A company gets applications on and off

even without declaring any vacancy.

However , as and when the vacancy

arises , the company makes use of such

applications.

Name the type of a source of

recruitment used by the company .

Answer : 22

Casual callers

(external source of requirement)

Question : 23

Write two examples of

statutory warnings mentioned

on the label of a product.

Answer : 23

(a)Smoking is injurious to health.

(b)Chewing tobacco is injurious to health

Question : 24

Give two examples of

limitations of Planning which

are beyond the control of an

organization.

Answer : 24

(a)Natural Calamity

(b)Change in taste, fashion or

trend in the market.

Audience Question : 25

What is prerequisite of

selection?

Answer : 25

The prerequisite of selection is

Recruitment because in

recruitment company receives

larger number of applications

and then only selection process

starts.

Question : 26

Action Cancer Hospital launched Colo-Rectal

Camp. For this camp, patients were invited for free

check-ups and consultation . This event was

popularized through newspapers and magazine,

which carried information about special offer, 25%

discount on selected tests and 50% discount on

consultation. Identify the three promotional tools

being highlighted in the above case.

Answer : 26

Promotional Tools Highlighted:

Public Relations

Advertising

Sales Promotion

Question : 27

Identify the methods of

Sales –Promotion in the following.

A mobile Company offers a discount of

Rs.1000 to clear off excess inventory.

Identify the sale promotion technique.

Answer : 27

Rebate

Question : 28

A company offers 40% extrashaving cream in a pack of500 grams.

Answer : 28

Quantity Gift

Question : 29

An institute for dance training

was set up by a company. The

name of the institute was kept

as “Fun Institute “ .

Identify any two qualities of

good brand name , which are not

met in the given case.

Answer : 29

Brand name is not suggestive.Brand name chosen doesn’t have staying Power.

Kapil & Co. is a large manufacturing unit.

Recently the Company had conducted time

and motion studies that a worker can produce

300 units per day on an average. However ,it

was noticed that the average daily production

per worker is in the range of 200-225 units.

Identify the function of management .

Audience Question : 30

Answer : 30

Controlling

Question : 31

Sriraj Ltd has recently moved into trading of gold and diamond jewellery business .They are selling their articles in various parts of the country but unable to manage sales.The marketing manager of the company suggested to use three level channel of distribution.Do you agree with him? Give Reasons.

Answer : 31

No, the Marketing manager is wrong because when unit value of product is high shorter channels of distribution may be used.

Question : 32Identify the Maslow’s hierarchy of needs

highlighted in the following cases:

(a)Raman is looking for a job where he can

earn at least Rs15000 to make his living.

(b)Rita, Marketing Manager hosts Diwali

dinner at her place every year. She invites

all the close associates of her department

and also of other departments, for dinner.

Answer : 32

(a)Basic Physiological Needs

(b)Social/Affiliation/Belongingness

Need

Question : 33To promote the sale of products following

schemes were offered by different

companies. Identify the sales promotion

tool highlighted in following cases :

(a)A glass bowl free with Haldiram Bhujia

(b)LG offered a scheme of fifteen equal

monthly instalments without any interest.

Answer : 33

(a)Product combination

(b)Full finance @ 0%

Question : 34

Is Directing required at Planning Stage?

Answer : 34

No, Directing is not required at

Planning Stage since it is an

executive function. It initiates

action .

Audience Question : 35

Which source of recruitment has

the advantage of infusion of new

blood into the organisation?

Answer : 35External Source of Recruitment

Question : 36

Yatin industries wants to hire staff for its

chemical division.

The personnel department lists out the

following methods of recruitment:

(a) Using www.timesjob.com to search for

prospective candidates.

Answer : 36

Web publishing

Question : 37

Vaibhav and Kashyap are friends working

in a Sharma Ltd. as Production manager

and Sales Manager respectively.

In an interdepartmental meeting Vaibhav

informed Kashyap about a change in the

marketing policy of the company.

Identify the type of communication used

in the above example.

Answer : 37

Formal communication

Question : 38

Standards are set in quantitative as

well as in qualitative terms .

Identify the type when it is set in terms

of “ cost to be incurred “ .

Answer : 38

Quantitative Standards

Question : 39

Name the element of marketing

mix which affects the revenue

and profits of a firm.

Answer : 39

Price Mix

Audience Question : 40

Give an example of primary

Package.

Answer : 40

Package of a bathing soap

Thank You