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Subjects

Business Studies

Rule

In Class 12 Business Studies, this topic explains rules as a type of plan used to guide behaviour and decision-making within an organisation. Students learn that a rule clearly states what must or must not be done, helping maintain discipline, consistency and order while implementing a plan. The topic also helps distinguish rules from policies, procedures and methods, and understand their importance and limitations in business planning through practical examples.

Easy · Level 1 · 25 questions

TOPIC PRACTICE

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Up to 25 questions from this page. Select your focus, then start.

25 questions

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  1. It only states estimated expense
  2. It gives general direction for decision
  3. It decides what is to be done or not done
  4. It is always a competition plan
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  1. Rule
  2. Strategy
  3. Budget
  4. Objective
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  1. A general guide
  2. A specific instruction
  3. A financial estimate
  4. A long term objective
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  1. Complete freedom
  2. Limited discretion according to the situation
  3. No discretion
  4. Freedom only in financial matters
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  1. Policy
  2. Rule
  3. Strategy
  4. Programme
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  1. Disciplinary action
  2. Extra benefit
  3. Free choice
  4. Budget increase
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  1. Increase customer satisfaction
  2. Wearing a helmet is compulsory for all employees within the factory premises
  3. Increase sales by 20 percent in the next quarter
  4. Open a new branch for market expansion
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  1. Maintaining discipline
  2. Conducting market research
  3. Raising capital
  4. Changing product design
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  1. Rule has no discretion but policy gives guidance
  2. Rule is always related to money
  3. Policy always gives punishment
  4. Both are exactly same
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  1. Only top level
  2. Only middle level
  3. Only lower level
  4. At any level
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  1. Standing plan
  2. Single-use plan
  3. Budget
  4. Programme
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  1. Budget
  2. Rule
  3. Objective
  4. Strategy
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  1. Controlling behaviour
  2. Declaring dividend
  3. Measuring market share
  4. Buying machinery
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  1. It is optional
  2. It has no certainty
  3. It is clear and compulsory
  4. It is only an estimate
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  1. Rule
  2. Budget
  3. Policy
  4. Objective
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  1. Only managers
  2. Only customers
  3. The person or group to whom the rule applies
  4. Only business owners
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  1. What to do or not to do
  2. How much profit will be earned
  3. Which share to buy
  4. How much advertising budget exists
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  1. Rule
  2. Policy
  3. Method
  4. Budget
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  1. Discipline
  2. Ambiguity
  3. Safety
  4. Punctuality
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  1. Clarity
  2. Rumour
  3. Guess
  4. Inconsistency
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  1. Rule gives an order while procedure gives sequence
  2. Procedure always gives penalty
  3. Rule only states expenses
  4. Both are only objectives
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  1. Smoking is prohibited on the premises
  2. Showing an ID card at entry is compulsory
  3. Sales are to be increased next year
  4. Keep mobile phones switched off in the classroom
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  1. Because it prescribes the same instructions for all employees
  2. Because it only estimates future results
  3. Because it allows employees to act as they wish
  4. Because it determines the price of a product in the market
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  1. May
  2. Compulsory
  3. Perhaps
  4. Estimated
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  1. Repetitive behaviour related decisions
  2. Entering a new market
  3. Merger of company
  4. National economic policy

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