Class 12 Organisation of Commerce and Management – Daily Revision MCQ (English Medium)
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Henri Fayol's principle of 'Esprit de corps' lays stress on:
Chapter 1: Principles of Management
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Answer: A. Team work, as union is strength
Esprit de corps means union is strength; Fayol emphasised team work among all employees.In Taylor's work study, the technique of observing and recording the time taken by an employee to complete a given task is:
Chapter 1: Principles of Management
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Answer: C. Time study
Time study observes and records the time taken for each element of a task, so the precise time for the job is fixed.Which function of management has been called the 'Life Spark of an Enterprise' by some philosophers?
Chapter 2: Functions of Management
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Answer: B. Directing
Directing guides, instructs, inspires and leads people at work, so it is called the life spark of an enterprise.Under the Start-up India initiative, a start-up is an entity with its headquarters in India, opened less than how many years ago, with an annual turnover below ₹100 crore?
Chapter 3: Entrepreneurship Development
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Answer: C. 10 years
As per the textbook, a start-up is less than 10 years old, headquartered in India, with annual turnover under ₹100 crore.Warehouses store goods and release them whenever there is a shortage in the market. This helps price stabilisation through the creation of:
Chapter 4: Business Services
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Answer: B. Time utility
Warehousing keeps goods until they are needed, creating time utility and preventing a price rise during shortages.Legal Process Outsourcing (LPO) is a type of KPO that is specific to:
Chapter 5: Emerging Modes of Business
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Answer: D. Legal services
LPO covers legal support work such as drafting legal documents, legal research and advice.The word 'Ethics' is derived from the Greek word 'Ethos'. What does 'Ethos' mean?
Chapter 6: Social Responsibilities of Business
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Answer: A. Character
Ethos means character; business ethics is a code of conduct businesses are expected to follow.15th March is observed as World Consumer Rights Day because on that day in 1962 certain rights of consumers were declared by:
Chapter 7: Consumer Protection
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Answer: D. J. F. Kennedy, then President of the USA
On 15th March 1962, US President J. F. Kennedy declared consumer rights; hence World Consumer Rights Day.Giving a distinct name to one's product so that it gets a special identity and differs from competitors' products is called:
Chapter 8: Marketing
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Answer: B. Branding
Branding gives a product a special identity through a unique brand name.Fixing standards for the size, quality, design, weight and colour of a product, so that its quality stays uniform, is called:
Chapter 8: Marketing
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Answer: C. Standardisation
Standardisation sets standards for process, size, quality, design etc. and ensures uniform quality.
Class 12: MCQ in other subjects
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All questions are written by PadhaiNotes in our own words from the chapters of the official Maharashtra State Board Balbharati textbook (ebalbharati.in). Each question shows its chapter.