BUSINESS STUDIES CASE STUDIES

 CASE STUDIES CH 1  Q 1. Hema is one of the most successful managers of her company, 'Kobe Ltd'. She uses her creativity and initiative in handling challenging situations at work. The knowledge gained by her during her student days at a renowned management institute as well as through her observation and experience over the years is applied by Hema in a skillful manner in the context of the realities of a given situation. She often reads books and other literature in various fields of management to keep her knowledge updated.  (i) An aspect of the nature of management is being highlighted in the above description. Identify the aspect.  (ii) Explain any three features of the aspect identified in part(i).  (i) Ans. Management as an art. (ii) Ans. The main features of art are:  1. Systematic body of knowledge/existence of theoretical knowledge :- In every art there is systematic and organised study material available to acquire theoretical knowledge of the art...

    Important MCQs of Class 12 accountancy chapter-1 Financial Statements of Not-for-Profit Organisations (N.P.O.)   Select the correct alternative: Q. 1. Receipts and Payments Account generally show: (A) A Debit balance (B) A Credit balance (C) Surplus or Deficit (D) Capital Fund   Q. 2. Income and Expenditure Account records transactions of: (A) Revenue nature only (B) Capital nature only (C) Both revenue and capital nature (D) Income of only revenue nature and expenditure of revenue and capital nature.   Q. 3. Income and Expenditure Account reveals: (A) Surplus or Deficiency (B) Cash in Hand (C) Net Profit (D) Capital Account   Q. 4. The amount of ‘Subscription received from members’ by a Non-profit organisation is shown in which of the following? (A) Debit side of Income and Expenditure Account (B) Credit side of Income and Expenditure Account (C) Liability side of Balance Sheet (D) Assets side of Balance Sheet   Q. 5. ...