Business Studies 319 Solved TMA 2024-25
NIOS Senior Secondary Solved TMA 2024-25 English Medium
Solved Tutor Marked Assignment (Solved TMA)
Max Marks: 20
Note:
All questions are compulsory. The marks
allotted for each question are indicated against each question.
Write your name enrolment number, AI name,
and subject on the top of the first page of the answer sheet.
1. Answer any one of the following questions in about 40-60 words:
a) "Profit plays the same role in
business as blood plays in human beings." Give your comments in the light
of this statement. (See Lesson 1)
Ans: According to Urwick, “Earning of
profits cannot be the objective of a business any more than eating is the
objective of living”
Arguments in
favour of profit as the sole objective: Earning of profits is essential for a
business due to the following reasons:
a)
It is source of income for the business man.
b)
It provides funds for expansion
c)
It is an indicator of efficiency of business
man.
d)
It builds up reputation.
b) Describe any two principles of a valid
insurance contract. (See Lesson 2)
Ans: Answer any one question only
2. Answer any one of the following questions
in about 40-60 words:
a) Management helps in efficient and
effective use of available resources of an organisation. State any two
Objective of management. (See Lesson 6)
Ans: Objectives
of management are divided into four main categories which are stated below:
1)
Organisational Objectives: Organisational objectives refer to high priority or
core objectives which are essential for the existence of an organisation. These
objectives aim at the prosperity and growth of the organisation. Some of the
organisational objectives are state below:
a)
Obtaining maximum output with minimum input and cost.
b)
Improving efficiency of the factors of production which will lead to excellent
performance.
c)
Survival and solvency of the business.
2)
Social Objectives: Management is not only a representative of the owners and
employees but is also responsible towards various groups outside the
organisation such as consumer, government, creditors etc. some of the social
objectives are stated below:
a)
Supply of quality goods and services at reasonable prices.
b)
Honest and regular payment of taxes to the government.
c)
Using eco-friendly method of production.
b) Taylor is best known for the techniques
of scientific management, particularly in the production department and that
too at the shop level? Give reasons in support of your answer. (See Lesson 6)
Ans: Answer any one question only
3. Answer any one of the following questions
in about 40-60 words:
a) Mr X is your friend and wants to do
marketing. Mention any two ways in which Marketing helps in making products
available irrespective of time and place. (See Lesson 14)
Ans: Answer any one question only
b) According to the traditional concept,
marketing consists of those activities which are concerned with the transfer of
ownership of goods from producers to consumers. Explain any two concepts of
these implications. (See Lesson 14)
Ans: Traditional concept of marketing: According
to this concept, marketing consists of those activities which are concerned
with the transfer of ownership of goods from producers to consumers. Thus,
marketing means selling of goods and services. In other words, it is the
process by which goods are made available to ultimate consumers from their
place of origin.
There
are six concept of marketing which the companies keep in mind. Out of these
concepts two are discussed below:
i) Production concept: The
production concept is one of the oldest concepts in business. It holds that
consumers will prefer products that are widely available and inexpensive. So,
production concept oriented business concentrate on achieving high production
which reduces cost and focus on mass distribution.
ii) Selling concept: Now a day,
as the technology advances along with the quantity and quality of the goods,
the art of selling the goods are also very essential. The firms which follow
the selling concept believe that in order to motivate a customer to buy his
product, he must be convinced by aggressive selling and promotional efforts.
Firms following selling concept make use of advertising powers and other
persuation techniques to influence the customers.
4. Answer any one of the following questions
in about 100-150 words:
a) “Consumer protection has a vast agenda.
Mention the importance of consumer protection from the consumers' point of
view. (See Lesson 17)
Ans: Importance of Consumer Protection from the
point of view of consumer:
a)
Consumer’s ignorance: Most of the consumers
are ignorant about their light and relief’s available to them. So it was
essential to create awareness among consumer for their lights.
b)
Unorganized consumers: Consumer are not much
organized so us to protect their interest. Until their organization become
strong and powerful, proper protection has to be provided.
c)
Wide Spread Exploitation of Consumer: the
balance sheet man through various unfair trades. Practice like loading,
black-marketing, adulteration etc.
d)
Encourage the consumer: This law encourages
and educate the consumer to protect against exploitative, unfair trade practice
of the seller.
b) ABC shopkeeper sold you some grains
claiming that it was pure. Later a laboratory test showed that these were
adulterated. As a consumer what action would you take against this wrongful act
of the shopkeeper? (See Lesson 17)
Ans: Answer any one question only
5. Answer any one of the following
questions in about 100-150 words.
a) You want to apply in XYZ Company and you
need to provide Bio Data to the company. Mention any four points mandatory in your
bio-data to apply for job. (See Lesson 21)
Ans: The word bio-data refers to
biographical details of somebody. It may include information about one’s
background, educational qualifications, skills, abilities, hobbies, interests
and other particulars of the like nature where a resume refers precisely y to
one’s professional skills and educational qualifications, work experience and
other relevant information which justify one’s claim to a job in question. It
highlights a person’s fitness or suitability for a job he/she is seeking for.
The following points should be
considered for writing bio data:
a) The length of the resume
should be considered. Usually the length must not be more than two pages. But
facts should not be compromised at the cost of brevity. All the educational
qualification must be properly included.
b) The extra-curricular
activities such as sports, debate, writing for college magazine etc. must be
mentioned in the resume. All these are particularly important when a fresher
seek a job at the initial stage of employment.
c) Exact Address for
communication must be included in bio-data. Only one address where the employee
can be communicated must be given.
c) Profession Educational
qualification and professional experience, if any, should be written in an
order of present to past.
b) Employment Exchanges are not playing a
significant role in the process of recruitment. Do you agree with this
statement? Give reasons. (See Lesson 21)
Ans: Answer any one question only
6. Prepare any one project out of the
following projects given below
a) Short-term loans help business concerns
to meet their temporary requirements of money. We need short-term financing,
for raising short-term financing for a business. Explain number of methods for
raising short-term finance. (See Lesson 11)
Ans: Sources of short-term are many. There
are both external and internal sources. Trade credit, commercial banks, finance
companies, indigenous bankers, public deposits, advances from customers,
accrual accounts, loans and advances from directors and group companies etc.
are external short-term sources. Companies can also issue debentures and invite
public deposits for working capital which are external long term sources. Some of
the most important source of short term finance are given below:
1) Trade credit is a short
term credit facility extended by suppliers of raw materials and other
suppliers. It is a common source. It is an important source. Trade credit is an
informal and readily available credit facility. It is unsecured. It is flexible
too; that is advance retirement or extension of credit period can be
negotiated. Trade credit might be costlier as the supplier may inflate the
price to account for the loss of interest for delayed payment.
2)
Commercial banks are the next important source of working
capital finance commercial banking system in the country is broad based and
fairly developed. Straight loans, cash credits, hypothecation loans, pledge
loans, overdrafts and bill purchase and discounting are the principal forms of
working capital finance provided by commercial banks. They provide loan in the following form:
a)
Straight loans are given
with or without security. A onetime lump-sum payment is made, while repayments
may be periodical or one time.
b)
Cash credit is an arrangement by which the
customers (business concerns) are given borrowing facility upto certain limit,
the limit being subjected to examination and revision year after year. Interest
is charged on actual borrowings, though a commitment charge for utilization may
be charged.
c)
Hypothecation advance is granted
on the hypothecation of stock or other asset. It is a secured loan. The
borrower can deal with the goods.
d)
Pledge loans are made
against physical deposit of security in the bank's custody. Here the borrower
cannot deal with the goods until the loan is settled.
e)
Overdraft facility is given
to current account holding customers t^ overdraw the account upto certain
limit. It is a very common form of extending working capital assistance.
f)
Bill financing by
purchasing or discounting bills of exchange is another common form of
financing. Here, the seller of goods on credit draws a bill on the buyer and
the latter accepts the same. The bill is discounted per cash will the banker.
This is a popular form.
3)
Finance companies abound in the country. About 50000 companies
exist at present. They provide services almost similar to banks, though not
they are banks. They provide need based loans and sometimes arrange loans from
others for customers. Interest rate is higher. But timely assistance may be
obtained.
4)
Indigenous bankers also abound and provide financial assistance
to small business and trades. They change exorbitant rates of interest by very
much understanding.
5) Public deposits are
unsecured deposits raised by businesses for periods exceeding a year but not
more than 3 years by manufacturing concerns and not more than 5 years by
non-banking finance companies. The RBI is regulating deposit taking by these
companies in order to protect the depositors. Quantity restriction is placed at
25% of paid up capital + free services for deposits solicited from public is
prescribed for non-banking manufacturing concerns. The rate of interest ceiling
is also fixed. This form of working capital financing is resorted to by well
established companies.
6) Advances from customers are normally demanded by producers of costly
goods at the time of accepting orders for supply of goods. Contractors might
also demand advance from customers. Where sellers* market prevail advances from
customers may be insisted. In certain cases, to ensure performance of contract
in advance may be insisted.
b) Rajesh runs a tailor shop successfully.
With time his clients are increasing. Now he wants to expand his business and
open a retail shop for readymade garments. He wants to offer his friend, Kamal
a partnership in his business. Name the form of Business Organisation and
express your views with main points. (See Lesson 4)
Ans: Answer any one question only
Post a Comment