VIVEKANAND SCHOOL

CT-1
Business Studies (054)
ANSWER KEY
Class : XII Time Allowed: 1.5 Hours
Maximum Marks: 40
ANS1. Planning, Organising (1 mark each)

ANS2. Business environment is a sum total of all individuals, institutions and other forces which are
outside the control of business but affect its performance. (2 marks)

ANS3. Organisational objectives: Survival and growth Explain in one line (2 marks)

ANS4. Any 1 characteristic of Principles of Management (2 marks)

ANS5. Any 3 differences between Fayol and Taylor (2 marks)

ANS6. Political Environment, Legal Environment, Technological Environment (Any 2) (1 mark each)

ANS7. Division of work, Centralisation and decentralisation, Discipline (Any 2)

(1 mark each)

ANS8. Middle Level – 2 functions (1+2)

ANS9. Political environment and economic environment (explain with suitable examples)
(2.5 marks each)

ANS10. Science, not a rule of thumb, Cooperation not individualism, Harmony not discord,
Development of each and every personnel to his greatest efficiency and prosperity. (Any 3 explain)

(2+1.5+1.5)

ANS11. Goal oriented, Dynamic, Pervasive, Multidimensional, Intangible, Continuous, Group activity.

(Any 5 explain) (1 mark each)

ANS12. Differential Piece Wage System (explain with an example) (2.5+2.5)