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ISC Class 12 Principles & Functions of Management — practice questions

Explore 85 free Principles & Functions of Management questions in ISC Class 12 Business Studies. Open each question or exercise to read its content, reference answers and available explanation.

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Principles & Functions of Management questions and exercises with answers

Showing questions 1–30 of 85.

Rule on these claims about businessRead the answer and worked solution →Integrating a country's economy with the world economy through freer trade and capital flows is called:Read the answer and worked solution →An organisation structure formed by grouping activities around products is a:Read the answer and worked solution →Match Taylor's techniqueRead the answer and worked solution →Match the environment featureRead the answer and worked solution →By thinking ahead, planning mainly helps an organisation to:Read the answer and worked solution →Complete the principleRead the answer and worked solution →Tap Taylor's principlesRead the answer and worked solution →Fayol's principle that all units working towards the same objective should have one head and one plan is:Read the answer and worked solution →Taylor's principle 'Science, not Rule of Thumb' advocates:Read the answer and worked solution →Taylor's wage plan that pays different rates to efficient and inefficient workers is the:Read the answer and worked solution →Fayol's principle of 'Order' essentially means:Read the answer and worked solution →Fayol's principle that there should be one and only one boss for every individual employee is:Read the answer and worked solution →The principle that the degree of concentration of authority should vary according to the situation is:Read the answer and worked solution →Taylor's technique of having eight specialised foremen supervising a worker is called:Read the answer and worked solution →The dimension of the business environment relating to customs, traditions and values of society is the:Read the answer and worked solution →Sort the dimensionsRead the answer and worked solution →Spot the odd one outRead the answer and worked solution →A firm that fails to adapt to a changing business environment is most likely to:Read the answer and worked solution →Business environment refers to the:Read the answer and worked solution →Which of the following is a key feature of the business environment?Read the answer and worked solution →The dimension of the business environment that includes interest rates, inflation and income levels is the:Read the answer and worked solution →The 1991 New Economic Policy of India is associated with the three processes of:Read the answer and worked solution →The legal environment of business includes:Read the answer and worked solution →True or false about business environmentRead the answer and worked solution →Complete the definitionRead the answer and worked solution →Business environment bingoRead the answer and worked solution →Reducing government restrictions and licensing requirements on business is called:Read the answer and worked solution →A specific statement that tells exactly what is to be done or not done, leaving no discretion, is a:Read the answer and worked solution →A plan expressed in numerical or financial terms, such as expected sales, is a:Read the answer and worked solution →

Worked practice questions

Rule on these claims about business

Read exercise and reference answers
Questions
  1. Statement is true
    Yes
    Statement
    The business environment is dynamic and constantly changing.
  2. Statement is true
    Yes
    Statement
    Liberalisation eases licensing and restrictions on business.
  3. Statement is true
    No
    Statement
    Privatisation expands the role of the public sector.
  4. Statement is true
    Yes
    Statement
    Globalisation links the home economy with the world economy.
  5. Statement is true
    No
    Statement
    Interest rates and inflation sit in the social environment.
  6. Statement is true
    Yes
    Statement
    The 2016 withdrawal of high value notes was demonetisation.
  7. Statement is true
    No
    Statement
    A firm that fails to adapt tends to gain market share.
Instructions
Tap true or false for each claim about the forces that surround a business.
_Source: Qallery verified question bank, Class 12 State Board, topic Business Environment_

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Integrating a country's economy with the world economy through freer trade and capital flows is called:

  1. globalisation
  2. privatisation
  3. liberalisation
  4. localisation
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Correct answer: A. globalisation

Globalisation integrates the domestic economy with the world.

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An organisation structure formed by grouping activities around products is a:

  1. divisional structure
  2. functional structure
  3. informal structure
  4. flat structure
Show answer and solution

Correct answer: A. divisional structure

A divisional structure groups activities around products.

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