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CUET Business Studies 2022 PYQs6 Oct Shift 1. Free, no login required.

Business Studies

past year questions, CUET Business Studies 2022 6 Oct Shift 1

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past year questions, Business Studies, CUET Business Studies 2022 6 Oct Shift 1

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Read the text given below and answer the questions from.

Mr.Murthy is the chairman of a leading business organisation. He grabs all possible opportunities and leads the organisation by example and trust. He always motivates his team and introduced a number of motivational schemes like:

  • Employees are offered shares at a price lower than the market price.
  • Employees are given individual autonomy and rewards for performance.

He realises that satisfied and secured employees can best focus on organisational success. He ensures hiring competent people for various jobs. Every employee is required to undergo training, their jobs are well defined and regular feedbacks are provided so that their long term interest is also served.

In order to keep an eye on employees performance, a strategic decision was introduced that all communication must be recorded and filed in the office. He has also devised various ways to know the reactions of employees on different policies and decisions. As a result, employees are highly motivated, goals are achieved and organisation is growing.

"Employees are offered shares at a price lower than the market price"

Financial incentives identified above is:

Solution

✅ Correct Option: 2

Co-partnership or stock option is a financial incentive where employees are offered company shares at a price lower than the prevailing market price. This makes them part-owners, aligning their interests with the company's performance. Profit sharing involves sharing profits, not shares, and perquisites are non-cash benefits like housing or car.

More from this set:

Question 44

"Every employee is required to undergo training, their jobs are well defined and regular feedbacks are provided so that their long term interest is also served".

Above statement describes a step involved in one of the functions of management. Identify the step.

Question 48

"All communication must be recorded and filed in the office" Which type of communication is best described in the above statement?

Question 49

"Employees were given individual autonomy and reward for performance"

Which non financial incentive is highlighted in the above statement?

Question 47

"Employees are given individual autonomy and rewards for performance"

Identify the need satisfied as given by Maslow's need hierarchy theory

Question 45

"He has also devised various ways to know the reaction of employees"

Above statement highlights one of the elements involved in communication process. Identify it.

Question 42

"He grabs all possible opportunities and leads the organisation" by example and trust. Which quality of a good leader is depicted here?

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CUET Business Studies Past Year Questions (Topic-Wise)