OCM October 2014 paper with solution

OCM October 2014 with solution

Q1. A. Select the proper option from the options given below  and rewrite the sentences:: (5)
1. The maximum number of member is a private company are ___________
a. 50
b. 40
c. 20

2. The Principle of indemnity is not applicable to ____________
a. life insurance
b. marine insurance
c. fire insurance.

3. For online transaction __________ is required.
a. trading
b. registration
c. business

4. To maintain industrial peace is the responsibility of business organisation towards ___________
a. customers
b. employees
c. society

5. F.W. Taylor is called the father of _____________ management.
a. modern
b. scientific
c. technical.

B. Match the correct pairs: [5]

Group 'A'
Group 'B'
a. Common seal (4)
1. Related with human factors
b. Bonded Warehouses (7)
2. Located at railway station
c. B to C (6)
3. Business to Business
d. Mumbai Grahak Panchayat (10)
4. Joint Stock Company
e. Staffing (1)
5. Political organisation

6. Business to consumer

7. Located within the ports

8. Partnership firm

9. Related with financial factor

10. Non – Government Organisation working for consumers.

C. Write a word or a phrase or a term which can substitute each one of the following statements: [5]
1. ‘One man shoe’ type of business organization.
Ans. Sole trading concern.

2. A set of Principles of right conduct.
Ans. Business ethics

3. A consumer dispute redressal agency that handles claims up to rupees twenty lakhs (Rs. 20,00,000)
Ans. District Forum

4. The principle of management which says ‘unity is strength’.
Ans. Principle of Esprit de corps

5. A process where managers instruct, guide, and communicate with employees.
Ans. Directing function of Management.

Q2. Distinguish between the following (Any Three) [15]

Q3. Write short notes on Any Three of the following: [15]

Q4. State with reasons whether the following statements are True or False. (Any Three) [15]

Q5. Attempt the following. (Any two) [10]