Commerce Exam > Commerce Notes > Business Studies (BST) Class 12 > HOTS Questions
HOTS Questions | Business Studies (BST) Class 12 - Commerce PDF Download
Read the following text and answer the following questions on the basis of the same:
Simplex limited had been taken over by Mundhra Group immediately following India’s independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage. For this purpose the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.
Q1: “In 2005, with the aim to accelerate growth the company had gone through several rounds of Meetings and discussions.” What is the objective mentioned here according to the process stated here?
(a) Developing Premises
(b) Growth & development
(c) Launching IT enabled system
(d) Cost cutting.
Ans: (b)
Q2: “In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures.” Which limitation of the management process is indicated here?
(a) It fails to cope with sudden changes
(b) It involves huge cost
(c) It requires critical thinking
(d) Need to construct multiple action plans
Ans: (a)
Q3: State whether the given statement is True or False:
“The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage.”
Ans: true
Q4: “The management had taken utmost care regarding the possible outcome and timely review of the Plans to achieve the set target during that hard time.” Which is the last step of the Process mentioned here?
(a) Implementation of plan
(b) Timely execution of projects
(c) Follow up
(d) To prepare alternative course of action
Ans: (c)
The document HOTS Questions | Business Studies (BST) Class 12 - Commerce is a part of the Commerce Course Business Studies (BST) Class 12.
All you need of Commerce at this link: Commerce
|
53 videos|206 docs|49 tests
|
FAQs on HOTS Questions - Business Studies (BST) Class 12 - Commerce
| 1. What is commerce and why is it important in today's society? |  |
Ans. Commerce refers to the activities involved in the buying and selling of goods and services. It plays a crucial role in today's society by facilitating economic growth, creating employment opportunities, and promoting trade between individuals, businesses, and countries. Additionally, commerce helps in the distribution of goods and services to meet the demands of consumers, contributing to the overall development of the economy.
| 2. What are the different types of commerce? | |
Ans. There are several types of commerce, including:
- E-commerce: This refers to buying and selling goods and services online, utilizing internet platforms.
- International trade: Involves the exchange of goods and services between different countries.
- Retail commerce: Focuses on the sale of goods directly to the end consumers through physical or online stores.
- Wholesale commerce: Involves the purchase of goods in bulk from manufacturers or producers and selling them to retailers or businesses.
- Financial commerce: Deals with the exchange of financial instruments, such as stocks, bonds, and currencies.
| 3. How does commerce contribute to economic growth? | |
Ans. Commerce plays a vital role in economic growth by stimulating various aspects of the economy. It creates employment opportunities, both directly and indirectly, through the establishment and operation of businesses. Commerce also fosters innovation and entrepreneurship, driving technological advancements and productivity enhancements. Additionally, it promotes investment, trade, and market competition, which in turn leads to increased production, higher consumer spending, and overall economic development.
| 4. What are the key factors influencing commerce? | |
Ans. Several factors influence commerce, including:
- Consumer behavior: The preferences, needs, and purchasing power of consumers greatly impact the demand for goods and services.
- Technological advancements: Innovations in technology, particularly in the digital realm, have revolutionized commerce, enabling easier transactions, efficient supply chains, and new business models.
- Government policies and regulations: Laws and regulations related to trade, taxation, consumer protection, and business operations significantly influence commerce.
- Globalization: The interconnectedness of the global economy and international trade agreements have opened up new markets and expanded opportunities for commerce.
- Economic conditions: Factors such as inflation, interest rates, and economic stability affect consumer spending patterns and business investments, consequently impacting commerce.
| 5. What are the ethical considerations in commerce? | |
Ans. Ethical considerations in commerce involve making decisions and conducting business activities in a morally responsible manner. Some of the key ethical concerns include:
- Fair trade practices: Ensuring fair competition, avoiding deceptive advertising, and treating customers and suppliers with honesty and respect.
- Environmental responsibility: Minimizing negative environmental impacts, promoting sustainable practices, and being transparent about the environmental footprint of products and services.
- Corporate social responsibility: Engaging in philanthropy, supporting social causes, and contributing positively to the community.
- Data privacy and security: Protecting customer information, respecting privacy rights, and implementing robust cybersecurity measures.
- Ethical sourcing and labor practices: Ensuring fair wages, safe working conditions, and respecting human rights throughout the supply chain.
Related Exams
About this Document
|
Nov 09, 2024 Last updated |
Document Description: HOTS Questions for Commerce 2024 is part of Business Studies (BST) Class 12 preparation.
The notes and questions for HOTS Questions have been prepared according to the Commerce exam syllabus. Information about HOTS Questions covers topics
like and HOTS Questions Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for HOTS Questions.
Introduction of HOTS Questions in English is available as part of our Business Studies (BST) Class 12
for Commerce & HOTS Questions in Hindi for Business Studies (BST) Class 12 course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: HOTS Questions | Business Studies (BST) Class 12 - Commerce
Description
Full syllabus notes, lecture & questions for HOTS Questions | Business Studies (BST) Class 12 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Business Studies (BST) Class 12 | Best notes, free PDF download
Information about HOTS Questions
In this doc you can find the meaning of HOTS Questions defined & explained in the simplest way possible. Besides explaining types of
HOTS Questions theory, EduRev gives you an ample number of questions to practice HOTS Questions tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
HOTS Questions | Business Studies (BST) Class 12 - Commerce
,Previous Year Questions with Solutions
,HOTS Questions | Business Studies (BST) Class 12 - Commerce
,study material
,MCQs
,Exam
,Viva Questions
,Objective type Questions
,Sample Paper
,past year papers
,video lectures
,Extra Questions
,HOTS Questions | Business Studies (BST) Class 12 - Commerce
,Summary
,Free
,practice quizzes
,ppt
,mock tests for examination
,shortcuts and tricks
,Important questions
,Semester Notes
;
Additional Information about HOTS Questions for Commerce Preparation
HOTS Questions Free PDF Download
The HOTS Questions is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the HOTS Questions now and kickstart your journey towards success in the Commerce exam.
Importance of HOTS Questions
The importance of HOTS Questions cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
HOTS Questions Notes
HOTS Questions Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to HOTS Questions.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, HOTS Questions Notes on EduRev are your ultimate resource for success.
HOTS Questions Commerce
The "HOTS Questions Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study HOTS Questions on the App
Students of Commerce can study HOTS Questions alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the HOTS Questions,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of HOTS Questions is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup