DHARAM CLASSES 12 GSEB

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SUBJECT = ORGANIZATION OF COMMERCE AND MANAGEMENT (UNIT-I)

MARKS = 60
TIME = 2:00 HOURS
SECTION-A
Following 1 to 5 are objective questions. Write the correct option from given
options. Each question carries 1 mark.
(1) Man power planning is a part of ……
a. Staffing b. Selection c. Recruitment d. None
(2) What is the relation between training and development?
a. Interdependent b Independent c. Correlated d. None
(3) How many elements do directing have?
a. Two b. Four c. Six d. Ten
(4) Which of the following is more flexible?
a. Formal communication b. Informal communication
c. Oral communication d. Written communication
(5) Controlling helps us in achieving …….
a. Objective b. Staffing c. Management d. None
(6) Control is meant for whom?
a. Workers b. Management c. Both d. None
(7) What type of relation do planning and controlling have?
a. Functional b. Complementary c. Appositive d. None

(8) Decision of investment means…….

(a) Capital cost (b) Capital budgeting (c) Capital structure (d) Ploughing back of profit
(9) Capital structure having proper ratio of equity and debt means…….
(a) Optimum capital structure (b) Simple capital structure (c) working capital structure (d)
Equilibrium capital structure.
(10) From which capital is dividend paid?
(a) Paid up capital (b) Authorised capital (c) Called up capital (d) Working capital

SECTION-B
For Que. No. 6 to Que. No. 10, give answer in one or two lines. Each question
carries 1 mark
(11) What is transfer?
(12) Why personnel cannot be considered as physical resource?
(13) Which type of staff is an invaluable asset for business?
(14) What helps in reducing labor turnover?
(15) For whom the financial incentives are boon?
(16) When no change is required in control process?
(17) What is deviation?

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(18) What is financial management?
(19) What is production cycle?
(20) Which capital circulates in the business?

SECTION-C
For Que. No. 11to Que. No. 13, Answer the following question briefly (in about
30 words): (2 mark each).
(21) Give difference between selection and recruitment. OR
Give difference between training and development?
(22) ‘Training is expensive but its absence is more costly’ Explain.
(23) What are the qualities of good leader? OR
A supervisor’s work is similar to that of a teacher. Explain the statement.
(24) “Control is an internal process”-Explain. OR
“Control is person oriented”-Explain
(25) Capital structure is a mixture of owners capital and debt. Explain? OR
What is meant by optimum capital structure?
(26) Working capital means circulating capital in business. Explain?

SECTION-D
For Que. No. 15 to Que. No. 17, Answer the following question in the Point (in
about 50 words): (3 marks each).
(27) ‘An efficient staff is an invaluable asset of any business’ Explain.
OR
Explain the meaning and characteristics of staffing.
(28) Explain the meaning and importance of development.
OR
Explain the meaning and importance of training.
(29) Explain financial incentives. OR
.Explain Maslow’s hierarchy of needs with diagram.
(30) ‘Planning and controlling are two sides of same coin’-Explain. OR
Controlling is not a negative function’-Justify the statement.
(31) Short note on decision related to investment OR
Short note on decision related to dividend
(32) Explain the characteristics of financial management.

SECTION-E
Answer the following question in detail (in about 100 words): (5 mark each).

(33) Explain selection procedure.

OR
Explain characteristics of directing

(34) Explain in detail various stages of controlling process.

OR
Explain the importance of controlling.

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