CUET Business Studies 2025 15 May Shift 2 PYQs

A finance manager was asked to pitch an offer to an automobile firm to buy some equity. The CEO and General Manager had different opinions on the percentage of the equity that should be acquired. The finance manager was in a dilemma and could not close the deal. Which principle is violated here?

Which of the following are the objectives of standardisation in a business organisation?

(A) To reduce a given line or product to fixed types, sizes and characteristics.

(B) To establish interchange ability of manufactured parts and products.

(C) To establish standards of excellence and quality in materials.

(D) To establish standards of performance appraisal for human resources only.

Choose the correct answer from the options given below:

"A sales manager has to negotiate a deal with a buyer. She finds that if she can offer a credit period of 60 days, she is likely to clinch the deal which is supposed to fetch the company a net margin of say Rs. 50 crores. The company entrusts her the task of clinching the deal but gives her power to offer a credit period of only 40 days". Identify the principle of management violated in the aforesaid statement.