Class 12 Organisation of Commerce and Management – Daily Revision MCQ (English Medium)
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In which book did Henri Fayol explain his 14 principles of management?
Chapter 1: Principles of Management
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Answer: B. General and Industrial Administration
Fayol, called the 'Father of Modern Management', explained his 14 principles in 'General and Industrial Administration'.According to Fayol's Principle of Unity of Command, each employee should receive orders from:
Chapter 1: Principles of Management
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Answer: A. only one superior
Unity of command means one employee, one boss; it avoids confusion and conflicts in the organisation.Which function of management compares actual performance with the predetermined standards and suggests corrective measures?
Chapter 2: Functions of Management
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Answer: C. Controlling
Controlling measures deviations between actual and standard performance, finds their causes and suggests corrective steps.An employee who gets the authority and support of his employer to implement his own innovative ideas, while still receiving his salary, is called:
Chapter 3: Entrepreneurship Development
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Answer: D. an intrapreneur
An intrapreneur works inside the company with its support to develop new ideas, unlike an entrepreneur who starts his own business.Which principle of insurance requires both the insurer and the insured to disclose all material facts completely and correctly?
Chapter 4: Business Services
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Answer: C. Principle of Utmost Good Faith
Under utmost good faith, both parties must disclose all material facts about the subject matter clearly, completely and correctly.When a company contracts its non-core work such as security or sanitation to a specialised agency, it is called:
Chapter 5: Emerging Modes of Business
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Answer: B. Outsourcing
Outsourcing means contracting some business functions to specialised agencies, which reduces cost and lets the company focus on core areas.Under the CSR rules, a company covered by Section 135 must spend every year at least what percentage of its average net profits of the three immediately preceding financial years?
Chapter 6: Social Responsibilities of Business
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Answer: B. 2%
The textbook states that such companies shall spend at least 2% of their average net profits of the preceding three years on CSR.Under the Consumer Protection Act, 2019, the consumer dispute redressal body at the district level is called the:
Chapter 7: Consumer Protection
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Answer: A. District Commission
The Act set up District Commissions at district level, State Commissions at state level and the National Commission at the centre.The 4 P's of the marketing mix were introduced in 1960 by:
Chapter 8: Marketing
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Answer: D. E. Jerome McCarthy
E. Jerome McCarthy introduced the 4 P's in 1960; Booms and Bitner later (1981) added 3 more elements for services.In the marketing mix, 'Place' is also known as:
Chapter 8: Marketing
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Answer: D. distribution channel
Place means making the product available where buyers can reach it, so it is also called the distribution channel.
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.