Degree 1st Sem BOM Important Questions

Unit - 1 - Introduction and Form of Business Organisation

Long Answer Questions:

1. Define Business. Explain its Characteristic feature of Business.
2. Discuss the interrelationship between trade industry and commerce.
3. Objectives and functions of Business.

4. Explain sole trader merits and limitations.

5. Differences b/w sole trader and partnership

Short Answer Questions:

1. Trade and Aids to Trade

2. Define Business

3. Partnership Deed

4. Social Responsibility of Business

5. Objectives and functions of Business

Unit - 2 - Joint Stock Company

Long Answer Questions:

1. Explain the features of a Joint Stock Company.

2. Explain the Merits and limitations of a Joint Stock Company.

3. Differences between partnership and joint stock company.

Short Answer Questions:

1. Statement of lieu

2. Characteristics of Joint Stock Company

3. Promoter and its types

4. Hed Herring Prospectus

5. Promotion

Unit - 3 - Introduction and Functions of Management

Long Answer Questions:

1. Henry Fayols 14 Principles of Management. (v.imp)

2. Functions of Management.

3. Levels of Management (v.imp)

Short Answer Questions:

1. Management 

2. Levels of Management 

3. Skills of Management

4. Objectives of Management

Unit - 4 - Planning and Organising

Long Answer Questions:

1. What is MBO. What are its features & discuss the prerequisites for installing MBO Program?

2. Differences between Formal and informal organization.

3. Distinguish between line and staff Organization.

Short Answer Questions:

1. MBO and Steps in MBO

2. Types of Plans

3. Line and Staff organisation

4. Functional organization

5. Factors influencing the span of supervision

Unit - 5 - Authority Co-ordination and Control

Long Answer Questions:

1. Explain the various barriers to effective delegation. Discuss the guidelines of delegation effective.

2. What is centralization and explain its merits and demerits.

3. What is the decentralization of authority. How does it differ from the delegation of authority?

Long Answer Questions:

1. Types of Control

2. Techniques of effective coordination

3. Relationship between planning and control