By QB365 on 31 Dec, 2022
QB365 provides a detailed and simple solution for every Possible Questions in Class 12 Commerce Subject - Important 2 Mark English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
12th Standard
Commerce
Answer all the following Questions.
State the meaning of Authority.
What is meant by Motivation?
Bring out the meaning of MBE.
How is price decided in a Secondary Market?
How is price determined in a Capital Market?
What is a CD market?
What is meant by Remisier?
What are the various ID proofs?
State two features of HRM.
What is promotion?
What is intelligence test?
State e-Iearning method?
What is Market?
What is Marketing?
What is Ambush Marketing?
Who is a consumer?
What are the rights of consumer according to John F. Kennedy?
State the meaning of the term State commission.
What is internal environment?
Give any two advantages of Globalisation.
What is meant by goods?
What is meant by Negotiable Instrument?
List down the managerial functions of entrepreneurs. (any 2)
Who are agricultural entrepreneur?
List down the two types of finance for Entrepreneur.
What is Bonus Shares?
Who is called as Managing Director?
Who is a secretary?
What is unity of direction?
"Look before you Leap is the proverb. Which function of management is highlighted here
Answers
Authority means the right of a superior to give the order to his subordinates.
(i) Motivation includes increasing the speed of performance of a work and developing willingness on the part of workers.
(ii) The goals are achieved with the help of motivation. This is done by an resourceful leader.
(i) Management by exception is an important principle of managerial control suggested by the classical writers on management.
(ii) It is based on belief that an attempt to control everything results in controlling nothing.
(iii) Management by exception is a style of business management that focuses on identifying and handling cases that deviate from the norm.
Price is decided in a secondary market based on fluctuates, depends on the demand and supply force.
The price of the securities is determined on the demand and supply prevailing in the capital market for securities.
(i) Certificate of Deposits are Short-term deposit instruments issued by banks and financial institutions to raise large sums of money
(ii) Certificate of Deposits are issued in the form of usance promissory notes.
(i) He acts as an agent of a member of a stock exchange.
(ii) He obtains business for his principal i.e. the member and gets a commission for that service.
(i) PAN card
(ii) Voters ID
(iii) Passport
(iv) Drivers license
(v) Bank attestation
(vi) IT returns
(vii) electricity bill
(viii) telephone bill
(ix) ID cards
(i) Goal oriented :
The accomplishment of organisational goals is made possible through best utilisation of human resource in an organisation.
(ii) It is a continuous process :
As long as there is human resource in the running of an organisation. The activities relating to managing human resource exists.
Based on seniority and merits of the employees they are given opportunity to move up in the organisational hierarchy is called promotion.
Intelligence tests are one of the psychological tests, that is designed to measure a variety of mental ability, individual capacity of a candidate.
(i) E-Learning is the use of technological process to access of a traditional classroom or office.
(ii) E-Learning is also often referred to us online learning or web based training.
(iii) Web based training is anywhere, anytime information can pass over the internet.
(i) The common usage of market means a place where goods are bought or sold.
(i) In simple words, the meeting place of buyers and sellers in an area is called market.
(i) Marketing is one of the business functions that all activities that take place in relation to markets for actualise potential exchanges for the purpose of satisfying human needs and wants.
(ii) Selling is basically concerned with putting the goods into the hands of the buyers for a price, but marketing is much wider than selling.
(i) Ambush marketing technique is a new technique whereby a particular advertiser seeks to connect his product to the event in the mind of potential customers without paying sponsoring expenses to the event.
(ii) In other words it is a method of building brands in covert ways.
(iii) Example: In a football went,everytime camera Zooms to a X brand into focuses.
(i) A consumer is one who consumes goods manufactured and sold by others or created by nature (air, water and natural resources) and sold by others.
(ii) One who avails services such as banking, transport, insurance, etc. is also called consumer.
The former president of U.S.A. Mr. John F Kennedy defined the basic consumer rights as "The Right of Safety, the Right to be informed, the Right to choose and the Right to be heard''.
(i) A consumer has to be protected against defects, deficiencies and unfair and restrictive trade practices.
(ii) The State Consumer Protection Council is also called State Commission.
1. Internal environment refers to those factors within an organisation
Example: Policies, Programmes, Organisational structure, employees, financial and physical resources.
2. These factors can be changed or altered and hence are known as controllable factors.
(i) Increase in foreign collaboration
(ii) Expansion of market
(iii) Technological development
(i) The term 'goods' includes every kind of movable property, stocks, and shares, growing crops, etc.
(ii) Goodwill, trademarks, copyrights, patent rights, etc., are all also regarded as goods.
A negotiable instrument is a document which entitles a person to a certain sum of money and which is transferable from one person to another by mere delivery or by endorsement and delivery.
(i) Planning
(ii) Organising
(iii) Directing
(iv) Controlling
(v) Co-ordination
Agricultural entrepreneurs are those entrepreneurs who raise farm products and market them.
1. Long Term finance - Needed for aquiring fixed assests.
2. Short term finance - Meant for meeting working capital needs.
Bonus share means to utilize the company's reserves and surpluses, issue of shares to existing share holder without taking any consideration is known as Bonus shares.It can be issued by
i) making partly paid up shares as fully paid.
ii) Issuing new shares.
A Director is one who is employed by the company and has substantial powers of management over the affairs of the company subject to superintendence, direction and control of the board.
1. The person who is responsible for the general performance of an organization is called company secretary.
2. The Key Managerial Personnel (KMP) who run a company is called with different titles viz, directors, managers or secretary.
All related activities should be put under one group, there should be one plan of action for them and they should be under the control of one manger.
"Look before you Leap is the traditional proverb, which refers to the management function of planning. Planning refers to deciding in advance.