GITAM University

[CUDCO-104A]
B.Com. Degree Examination
I YEAR
BUSINESS ORGANIZATION & MANAGEMENT
(Effective from the admitted batch 2012-13)
Time: 3 Hours Max.Marks: 70
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Instructions: All parts of the unit must be answered in one place only.
Figures in the right hand margin indicate marks allotted.
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SECTION-A
Mutiple Choice Questions :

1) The primary aim of business is

a) To earn profit b) To help its employees c) To help society

2) Internal trade takes place

a) Between two countries b) Inside a country c) None of these two

3) A sole-trade business is started by

a) at least two persons b) at least seven persons c) any one person

4) In partnership there exists a relationship of

a) Principal and agent b) Owner and servent c) Employer and employee

5) The incharge of a J.H.F. is known as

 a) Managing Partner b) Karta c) Proprietor

6) The primary aim of Co-operatives is to

 a) Earn more profit b) Serve the numbers c) Raise production

7) 1980 Industrial Policy was announced on

 a) July 3 b) July 13 c) July 23

8) Management is essential in every

a) Business b) Organized group effort c) Government

9) Division of work promotes

 a) Specialization b) Inefficiency c) Wastage

10) Fayol concentrated on a) Top level b) Short level  c) Middle level

11) Operational planning is undertaken at

 a) Top level management b) Lower level management c) Workers level

12) Organization deals with

 a) Centralization of activities b) Decentralization activities  c) Division of
work

13) Principle of specialization requires

 a) Division of labour b) Centralization of work c) Decentralization of work

14) Principles of Henry Fayol is famous for

 a) Scientific management b) Rationalization c) Principles of management

15) Which of the following is related to Marketing Mix

a) Price b) Brand c) Customer

Fill in the blanks (6×1=6)

16) Hindrance of risk is removed by ________

17) Registration of partnership is ___________

18) I.F.C.I. grants loans ranging from ____ to ____

19) Co-ordination is a wider term than _________

20) A budget is a _______ statement

21) Planning is done at all ____ of management

Match the following:  (5×1=5)

SECTION-B
Write short notes on any FOUR of the following:

27) What do you mean by the X theory?

28) Articles of Association

29) Globalization

30) What are the limitations to financial functions of management

31) How the business activates help to the society?

32) Write the importance of Partnership Deed

33) What are the social responsibility of business?

SECTION-C
Write an essay on any FOUR of the following (4×8=32)

34) Define company. Explain the features of a company

35) Explain the objectives of business

36) Write the advantages of co-operative societies:

37) What is industrialization? What are the factors influence in the
industrialization ?

38) What is meant by management? Explain the importance of management

39) Explain the various steps in planning

40) Explain the nature and scope of marketing

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