Question 1

Question 2: Why is statistical analysis important in business?

Accepted Answer

B. It aids in decision-making

Statistical analysis helps businesses make informed decisions by providing insights from data.

Question 2

Question 17: What is the significance of business communication in achieving organisational goals?

Accepted Answer

B. It enhances coordination and cooperation

Explanation: Effective business communication promotes teamwork and coordination, contributing to organisational success.

Question 3

Question 16: What does the principle of completeness in communication stress?

Accepted Answer

B. Including all relevant information

Explanation: Completeness ensures that all necessary information is included in the message.

Question 4

Question 19. What is the term for a situation where a countrys imports exceed its exports?

Accepted Answer

b) Trade deficit

Explanation: A trade deficit occurs when a countrys imports are greater than its exports.

Question 5

Equi-Marginal Theory of Utility suggests:

Accepted Answer

C

The Equi-Marginal Theory of Utility suggests that consumers should allocate their income across different goods in such a way that the marginal utility per rupee spent is the same for all goods, maximising total utility.

Question 6

Question 11: What is the primary goal of a business environment analysis?

Accepted Answer

C

The main goal of analysing the business environment is to understand the various influences on an organisations operations.

Question 7

Q8. Fayols management functions include:

Accepted Answer

b) Planning, organising, leading, and controlling

Fayol identified these four functions as fundamental to the practice of management.

Question 8

What is the scope of Economics?

Accepted Answer

C

The scope of Economics is broad and covers various aspects of human life, including production, consumption, and distribution.

Question 9

Q16. What is the term for a contract in which the terms are implied by the conduct of the parties and the circumstances?

Accepted Answer

r: D (An implied contract has terms that are implied by the conduct of the parties and the circumstances.)

Question 10

Question 7: Which principle emphasises using simple and clear language in communication?

Accepted Answer

A. Clarity

Explanation: Clarity ensures that the message is easily understood by the audience.

Question 11

Q10. What are the consequences of a contract being declared void?

Accepted Answer

r: D (The consequences of a void contract include restitution and the return of any benefit received.)

Question 12

Which of the following is a positive economic statement?

Accepted Answer

B

A positive economic statement is one that can be objectively tested and verified, such as stating the current unemployment rate.

Question 13

Question 5: Which social responsibility involves the fair treatment of employees and providing a safe working environment?

Accepted Answer

C

Ethical responsibility involves ensuring fair treatment of employees and maintaining a safe work environment.

Question 14

Question 15: Which social responsibility involves conforming to laws and regulations?

Accepted Answer

A

Legal responsibility pertains to adherence to laws and regulations.

Question 15

Question 3: What does the scope of OB include?

Accepted Answer

C

OB encompasses the study of both individual and group behaviour in organisations.

Question 16

Q18. Who introduced the concept of the zone of indifference in organisational behaviour?

Accepted Answer

a) Chester Barnard

Chester Barnard introduced the concept of the zone of indifference to explain the range of activities employees accept without questioning.

Question 17

Question 1: What is the primary objective of business communication?

Accepted Answer

B. Information sharing

Explanation: Business communication aims to convey information relevant to the organisations goals and activities.

Question 18

Utility analysis in Economics is concerned with:

Accepted Answer

B

Utility analysis in Economics focuses on studying the satisfaction and happiness derived from consuming goods and services.

Question 19

Question 16 : What is the role of a whistleblower protection program in organisations?

Accepted Answer

B) Protects employees reporting misconduct

Whistleblower protection programs safeguard employees who report misconduct from retaliation.

Question 20

Question 2: Why is OB important for businesses?

Accepted Answer

B

OB helps in understanding and managing human behaviour to enhance organisational effectiveness.

Unit 1 — Question Paper

10 more questions to unlock