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Business Studies: CUET Mock Test - 8


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40 Questions MCQ Test CUET Mock Test Series | Business Studies: CUET Mock Test - 8

Business Studies: CUET Mock Test - 8 for Class 12 2023 is part of CUET Mock Test Series preparation. The Business Studies: CUET Mock Test - 8 questions and answers have been prepared according to the Class 12 exam syllabus.The Business Studies: CUET Mock Test - 8 MCQs are made for Class 12 2023 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Business Studies: CUET Mock Test - 8 below.
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Business Studies: CUET Mock Test - 8 - Question 1

Which of he following does not characterise the business environment?

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 1

Employees do not characterise business environment. Business environment refers to the external forces such as individuals, enterprises, situations, and other such forces that affect the performance of the organisation. Employees are integral to an organisation and does not characterise its environment.

Business Studies: CUET Mock Test - 8 - Question 2

When a company taken over another one and clearly becomes the new owner, the action is called

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 2

The terms "mergers" and "acquisitions" are often used interchangeably, although in actuality, they hold slightly different meanings. When one company takes over another entity, and establishes itself as the new owner, the purchase is called an acquisition.

Business Studies: CUET Mock Test - 8 - Question 3

Which of the following does not explain the impact of Government policy changes on business and industry?

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 3

Change in agricultural prices does not exotom the impact of Government policy changes on business and industry.

Business Studies: CUET Mock Test - 8 - Question 4

The trend of health and fitness has created a demand for products like gyms, bottled mineral water and food supplements etc., these are the example of __________

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 4

The trend of health and fitnness has created a demand for products is a social environment...... because these goods results in consumption by all the people in the society so it is generally related to social environment.

Business Studies: CUET Mock Test - 8 - Question 5

Relaxing the restrictions and controls imposed on Business and industry means

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 5

Liberalization refers to relaxation of government restrictions usually in areas of social and economic policies. It refers to the process of eliminating unnecessary controls and restrictions on the smooth functioning of business enterprises.

Business Studies: CUET Mock Test - 8 - Question 6

Celebration of Diwali is the example of:

Business Studies: CUET Mock Test - 8 - Question 7

Which of the following best indicates the importance of business environment?

Business Studies: CUET Mock Test - 8 - Question 8

Liberalisation means

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 8

Liberalization means relaxation of various government restrictions in the areas of social and economic policies. Liberalizing trade policy by the government that is removal of tariff, subsidies and other restrictions on the flow of goods and services between countries is also termed as liberalization. 
Liberalization is the result of New Industrial Policy which abolished the "License system". All industries except six major industries were liberalized. As a result industries grew rapidly and therefore liberalization also means deregulation and delicensing of industries. 

Business Studies: CUET Mock Test - 8 - Question 9

Gross Domestic Product (GDP) is concerned with ____________

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 9

Economic Environment  consists of Gross Domestic product, Income at National level and per capita level. Profit earning rate, monetary and fiscal policy of the government etc. It helps to keep track of the economy affecting the business.

Business Studies: CUET Mock Test - 8 - Question 10

Subsidy to cotton textile businesses is the __________

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 10

Because subsidy is given by govt. N it is giving subsidy to only a particular industry not to all the industry.

Business Studies: CUET Mock Test - 8 - Question 11

Planning leads to rigidity is a

Business Studies: CUET Mock Test - 8 - Question 12

Which of the following is not a feature of planning?

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 12

Panning is a time consuming process because it involves collection of information, it’s analysis and interpretation thereof. This entire process takes a lot of time specially where there are a number of alternatives available.

Business Studies: CUET Mock Test - 8 - Question 13

Making decisions on the basis of experience, feelings and accumulated judgement is called as __________.

Business Studies: CUET Mock Test - 8 - Question 14

Choice of advertising media is concerned with

Business Studies: CUET Mock Test - 8 - Question 15

Which of the following is an assumption of rationality to rational decision making?

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 15

Rational decision making is a multi-step process for making choices between alternatives. The process of rational decision-making favors logic, objectivity, and analysis over subjectivity and insight. The word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.
The rational model also assumes:
1. An individual has full and perfect information on which to base a choice.
2. Measurable criteria exist for which data can be collected and analyzed.
3. An individual has the cognitive ability, time, and resources to evaluate each alternative against the others.

Business Studies: CUET Mock Test - 8 - Question 16

No Smoking in the factory? comes under?

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 16

No Smoking in Factory comes under Rules.Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion. It reflects a managerial coercion that a certain action must or must not be taken.

Business Studies: CUET Mock Test - 8 - Question 17

Main purpose of Rule is:

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 17

General rule is a rule that is applicable to a class of cases or circumstances. It can also be formal order or direction made by a court, as for governing the procedure of the court or a general norm mandating or guiding conduct or action in a given type of situation. 

School rules are usually associated with classroom management and school discipline.According to the students, relational rules are the most important in school. Students also value protecting and structuring rules as important because of the meaning giving to them.

Business Studies: CUET Mock Test - 8 - Question 18

What to do and how to do is concerned with______

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 18

Planning is ascertaining prior to what to do and how to do. It is one of the primary managerial duties. Before doing something, the manager must form an opinion on how to work on a specific job. Hence, planning is firmly correlated with discovery and creativity.

Business Studies: CUET Mock Test - 8 - Question 19

Hiring only University trained engineers is an example of ____________

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 19

Policy refers to the general guidelines that brings uniformity in the decion making to accomplish predetermined goal. here, the policy is to bring only trained engineers.

Business Studies: CUET Mock Test - 8 - Question 20

Selection of employees is _____________ of the business

Business Studies: CUET Mock Test - 8 - Question 21

There are two types of plans _______

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 21

Planning is commitment to a certain work to achieve specific results. The two types of plane are Standing plans and Single-use plans.
Standing Plans- These plans are formulated to guide managerial decisions and actions on problems which are recurring in nature. They are also known as ‘repeated use plans’.
Single use plans- These plans are used to solve a particular problem that is non-recurring in nature.

Business Studies: CUET Mock Test - 8 - Question 22

Development of a new product is a ___________

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 22

Programmes are the combinations of objectives,policies,procedure and rules all these plans together form a program.The programs are made to get the systematic working in the organisation. For example:-Construction of shopping mall,Development of a new product etc. , And development of a new product involves objective policies procedure and rules.

Business Studies: CUET Mock Test - 8 - Question 23

Increasing sale by 15% is ________

Business Studies: CUET Mock Test - 8 - Question 24

The first step of planning is ________

Business Studies: CUET Mock Test - 8 - Question 25

Planning seeks to bridge the gap between ______

Business Studies: CUET Mock Test - 8 - Question 26

Which of the following is not correct?

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 26

Profitability can be increased by various methods like reducing cost, increasing turnover costs, increasing productivity, and increasing efficiency. 
All of the mentioned methods can be achieved by effective planning. By achieving these methods by planning it will help in increasing profitability, not decreasing it.

Business Studies: CUET Mock Test - 8 - Question 27

Planning helps in reducing the ________

Business Studies: CUET Mock Test - 8 - Question 28

Single use plans are designed only ____________

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 28

Single use plan is developed to address a specific organizational situation. Such a plan is typically used only once because the specific situation to which they apply does not recur. Consider, for example, the plan of SAP Americas, a leading provider of enterprise resource planning and ecommerce solutions, to build a new corporate headquarters. A sophisticated plan was necessary to finance, construct, and move into the new building.

Business Studies: CUET Mock Test - 8 - Question 29

No fine or penalty for violation is charged under____

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 29

Method is not a strict rule or a rigid policy like a rule or a law, which prohibits you from doing a certain thing and that's why no penalty is charged. it's not a necessity to follow a method, whereas for a law or a rule it is.

Business Studies: CUET Mock Test - 8 - Question 30

Which of this is not mentioned in decision-making matrix?

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 30

A decision matrix is a series of values in a table of columns and rows that allows a person to visually compare possible solutions by weighing their variables based on importance.
Performance management is not part of the decision-making matrix, it is concerned with performance of organization, a department, employee or a particular task.

Business Studies: CUET Mock Test - 8 - Question 31

Plans can be implemented after the _______

Business Studies: CUET Mock Test - 8 - Question 32

Training, lectures and seminars are ____________

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 32

Training, Lectures and Seminar are different types of methods.  Methods are a standard way of doing jobs for attaining objectives. They are more detailed than procedure. They are helpful in simplifying the work for different jobs and different methods are adopted.

Business Studies: CUET Mock Test - 8 - Question 33

Estimated cash inflows and cash outflows are _________

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 33

A cash flow budget is a summary of the projected cash inflows and outflows for a business over a period of time. The time period is usually a future accounting period and is divided into quarters or months.

Business Studies: CUET Mock Test - 8 - Question 34

Which of the following is a limitation of planning?

Business Studies: CUET Mock Test - 8 - Question 35

What is the last step in planning process?

Business Studies: CUET Mock Test - 8 - Question 36

Planning is concerned with __________

Business Studies: CUET Mock Test - 8 - Question 37

Planning is a ___________

Business Studies: CUET Mock Test - 8 - Question 38

Which one of the following is a limitation of planning?

Business Studies: CUET Mock Test - 8 - Question 39

If a firm has decided to sell its product on cash basis only, it is part of firm?s _________

Business Studies: CUET Mock Test - 8 - Question 40

Programmes are ________

Detailed Solution for Business Studies: CUET Mock Test - 8 - Question 40

A program is a detailed plan of action aimed at accomplishing a clear business objective, with details on what work is to be done, by whom, when, and what means or resources will be used.

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