CBSE Class 12 Business Studies Answer Key 2021 – 2022 – Students can check CBSE Class 12 Business Studies Answer Key 2021-22 from this page. The Central Board of Secondary Education ( CBSE ) Exam for Class 12 Business Studies was held today on December 8, 2021.
Ques. At times a business may concentrate on producing goods with fewer resources but cannot achieve the targeted production. In such a case, the business is said to be:
Ans. Efficient but not effective
Q2. The process that initiates implementation of plans by clarifying jobs, working relationship and effectively deploying resources for attainment of identified and desired result is called:
Ans. Organising
Q3. Which marketing management philosophy lays emphasis on bringing continuous improvement in the quality of the products?
Ans: Product Concept
Q4. The objective of which of the following techniques of scientific management is to determine the number of workers to be employed is an organisation?
Ans. Time study
Q5. Which of the following is an element of political environment?
Ans. Attitude of the elected government representatives towards business.
Q6. The function of marketing that involves physical movement of goods from one place to another is called:
Ans. Transportation
Q7. Identity the principle of management given by Fayol according to which the intent of the principle is to produce more and better work with the same efforts.
Ans. Division of work
Q8. Which product-related decision is concerned with providing detailed information about the product on its package?
Ans. Labeling
Q9. Which step in the process of “planning” function of management involves weighing pros and cons of each alternative?
Ans. Evaluating alternative courses.
Q10. The element of delegation which relates to the obligation of a subordinate to properly perform the assigned duty is known as:
Ans. Responsibility
Q11. the type of organizational structure in which job of similar nature are grouped together on the basis of function to form departments is called:
Ans. Functional structure
Q12. Which of the following statements is correctly explains in the limitation of planning, ‘Planning does not currently success’?
Ans. Relying on the previously tried and tested successful plan just because it has worked before and will work again.
Q13. “Product Cost” as a factor affecting price determination of a product includes:
Ans. Cost of producing, distributing and selling the product.
Q14. The concept of “Mental Revolution”, as prescribed by Taylor, involves a change in the mindset of:
Ans. Worker and management towards one another from competition to cooperation.
Q15. The element of marketing mix by which markets make use of various tool of communication to encourage exchange of goods and services in the market is called:
Ans. Promotion
Q16. ‘Planning is an intellectual activity of thinking rather than doing,’ which feature of planning is highlighted in the statement?
Ans. Planning is a mental exercise.
Q17. Which of the following activity is not considered to the part of customer support services?
Ans. Identifying the needs of the customers and taking various marketing decision.
Q18. This principle with give rise to a spirit of mutual trust and belongingness among team members. “Which principle of management stated by Fayol is highlighted by ths statement?
Ans. Esprit de Corps
Q19. Which level of management is responsible for coordinating the activities of different departments according to overall objectives of the organization?
Ans. Top Level
Q20. The purpose of “Departmentalization” in the process of “organizing” is:
Ans. The facilitate Specialization.
Q21. Which of the following options explains the standardization and grading function of marketing?
Ans. It helps in achieving uniformity and consistency in the output and classifies products into different groups based on their size.
Q22. Business environment is said to be uncertain as :
Ans. It is difficult to predict future happenings especially when environment changes are taking place too frequently.
Q23. Name the concept which explains the manner in which decision making responsibilities are divided among hierarchical levels;
Ans. Delegation
Q24. Organisations should have a chain of authority and communication that runs from top to bottom and should be followed by manners and the subordinates.
Ans. Scalar chain
Q25. ‘’Flavours of South” is a famous chain of south Indian restaurants. It believes in complete co-operation between labour and management. Its management encourages the employees for their constructive suggestions. They take their employees into confidence for all important decisions.
Ans. Cooperation, not individualism.
Q26. Which of the following statements is correct with reference to “organizing” function of management?
Ans. Leads to systematic allocation of job and facilities specialization.
Q27. Which of the following functions of the marketing can improve performance of the product and also give it a competitive advantage in the market by attracting the target customers?
Ans. Product designing and development
Q28. Ram Murty, a professor of management conducted a class on “management principles” and explained to his students the significance of management principles. In the next class, the professor asked his students to play roles of different managers. He gave them various situations and asked them to think like managers and provide solutions to problems given in this situation. Each student applied the principles of management to the given situation in his own personalized manner, depending ip[orn his creativity.
Ans. Management as an art
Q29. Pioneer Ltd. is dealing in fruit juices and hair oils. To ensure unity of action and coordination, it has made two separate divisions for each product. Each division has its own incharge, plans and execution resources. Thus, both the divisions are moving towards the same objective through focused efforts.
Ans. Unity of direction
Q30. The tool of promotion which involves making use of short term incentives designed to encourage the buyer to make immediate purchase of a product or a service is called:
Ans. Sales promotion
Q31. The management gives a common direction to the individual effort in achieving the overall goal of the organization.
Ans. Helps in achieving group goals.
Q32. “Uttam Ayurvedic Ltd’ is an established Indian company manufacturing organic consumer goods like toothpaste and shampoo. It has planned to increase its market share from 30% to 40% in the current financial year. With the expanding market of organic products, other companies in the consumer goods industry have also launched these products with organic found that the sales of Uttam Ayurvedic Ltd. came down and its market share reduced to 23%. Identify the limitations of planning highlighted in the above case:
Ans. Planning may not work in dynamic environment.
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FAQs
The CBSE Exam for Business Studies Class 12 was conducted on December 8, 2021.
The official answer keys will be released soon. You can find the unofficial answer keys on the websites of coaching centres and various institutes.
Class 12 Business Studies will be released by the CBSE board.
The official website of the CBSE Board is https://www.cbse.gov.in/
The answer keys of CBSE Class 12 might see the slight variation but students can get a rough idea of their scores.