CBSE Class-12 Marking Scheme for IOP/Comptt Examination 2017 : Business Studies
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CBSE Class-12 Marking Scheme for IOP/Comptt Examination 2017 :
CBSE Class-12 Marking Scheme for IOP/Comptt Examination 2017 : Business Studies (Delhi)
MARKING SCHEME – 2016-17
BUSINESS STUDIES COMPTT.
DELHI – 66/1/1
EXPECTED ANSWERS / VALUE POINTS
Q. On the introduction of Goods and Services Tax
Act, experts in the field of business started analysing and forecasting its impact on various sectors and industries. Vivek, an established businessman, attended a few seminars and conferences organised by such experts to familiarize himself with this information. He wanted to use these forecasts to reduce the uncertainty in making decisions for the future in his business.
Name the step in the planning process that is being discussed in the above paragraph.
Ans. Developing premises
Q. How do principles of management help managers in taking decisions scientifically? State.
Ans.Principles of management help managers in taking scientific decisions as they are based on objective assessment of the situation and emphasize on logic rather than blind faith.
Q. Beena, a student of management, likes to relate
what she learnt in class to real life situations. She observed many situations while watching educational programmes on television that remind her of concepts of Scientific Management. In one such programme, factories manufacturing parts for products like automobiles, computers and mobile phones were being telecast.
Name the technique of Scientific management that should be adhered to, while manufacturing parts for such products.
Ans. Standardisation and Simplification of work.
Q. Give the meaning of ‘Laissez Faire’ style of
Ans.‘Laissez Faire’ style of leadership is one in which the leader gives complete freedom to the subordinates
and depends largely upon the group to establish its own goals and work out its own problems.
Q. Ravi, the Marketing Manager of Weaver
Garments Ltd. does not allow the salesmen working under him to freely express their frank opinion and feelings regarding work related matters.
Identify the organisational barrier to communication
that has been created by Ravi. Ans. Status.
Q. What is meant by a ‘Commercial Paper’?
Ans.It is a short term unsecured, negotiable promissory note with a fixed maturity period which is issued by large and creditworthy companies to raise short term funds at lower rates of interest than the market rates.
Q. How does ‘level of competition’ affect the working capital requirement of an organisation? State.
Ans.Level of competition affects the working capital requirement of an organisation as higher competition requires larger stocks to meet urgent orders from customers which results into requirement of more working capital.
Q. Avik is the finance manager of Mars Ltd. In the current year, the company earned high profit.
However,Avik thinks that it is better to declare smaller dividend as he is unsure about the earning potential of the company in the coming years.
Avik’s choice of dividend decision is based on which of the factor that affect it?
Ans. Stability of Dividend.
Q. After completing her studies in product design, Sarita wishes to start her own business to design
products to cater to the mobility and communication requirements of persons with special needs.
She told her friend that she wanted to focus on supplying high quality products at affordable prices.