Commercial Studies Specimen Paper 2023 Sec-A Que-2, 3, 4 Solved for ICSE Class-10

Commercial Studies Specimen Paper 2023 Sec-A Que-2, 3 and 4 Solved for ICSE Class-10. Step by step solutions as council prescribe guideline of model sample question paper. Hence student can achieve their goal in next upcoming exam of council. Visit official website CISCE for detail information about ICSE Board Class-10

Solutions of ICSE Class 10 Commercial Studies Specimen Paper 2023 Sec-A Que-2, 3 and 4

Board	ICSE
Class	10th (x)
Subject	Commercial Studies
Topic	Specimen Paper Solved
Syllabus	Revised Syllabus
Session	2022-23
Sec-A	Que-2, 3 and 4

ICSE 2023 EXAMINATION SPECIMEN QUESTION PAPER

(Class 10 Commercial Studies Sec-A Que-2, 3 and 4)

Question 2: Distinguish between:

(i) Internal Stakeholders and External Stakeholders

(ii) Marketing and Sales

(iii) Recruitment and Selection

(iv) Equity and preference shares

Answer:

(i) Internal stakeholders refer to the individuals and parties, within the organization. On the other hand, external stakeholders represent outside parties, which affect or get affected by, the business activities.

(ii) In the simplest of terms, marketing is building awareness of your organization and brand to potential customers. Sales is turning that viewership into a profit, by converting those potential customers into actual ones.

(iii) A process of actively searching and hiring applicants for a job role is known as recruitment. A process of choosing suitable applicants from the shortlisted candidates is known as selection.

(iv) Equity shares represent the ownership of a company. While preference shares have preferential rights to the company’s profits and assets. Also, the major difference between equity and preference shares is the voting rights and claim over the company’s dividends and assets.

Question 3:

(i) What is marketing?
(ii) What is E-advertising?
(iii) Why is a master budget called a summary budget?
(iv) Explain in brief the Principle of Subrogation.

Answer:

(i) Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

(ii) Online advertising, also known as online marketing, Internet advertising, digital advertising or web advertising, is a form of marketing and advertising which uses the Internet to promote products and services to audiences and platform users.

(iii) The master budget is a summary of all budgets. The budget requires the approval of the Budget committee before it is put into operation.

(iv) To make up for the compensation paid, your insurer can claim the (insured) right over that third party. You surrender your rights over the third party to the insurer. This transfer of all the rights, and remedies, from insured to insurer is called subrogation.

Question 4:

(i) Who are stakeholders?
(ii) What is discounting of a Bill of Exchange?
(iii) State any two features of the Consumer Protection Act.
(iv) Define semi-variable cost and give an example.

Answer:

(i) In a corporation, a stakeholder is a member of “groups without whose support the organization would cease to exist”, as defined in the first usage of the word in a 1963 internal memorandum at the Stanford Research Institute. The theory was later developed and championed by R. Edward Freeman in the 1980s.

(ii) Discount of trade bills is short-term financing granted by the Bank. The Bank purchases trade bill before its payment term at a price less the amount of discount interest. The Bank discounts bills submitted by the drawee which is creditor of the principal amount and holds a settlement account at Bank Millennium.

(iii) To be protected from hazardous goods and services. Right to protection against goods and services that can be dangerous to life and property. To be protected from unfair or restrictive trade practices. Consumers have the right to access a variety of goods and services at competitive prices.

(iv) This means semi-variable costs are fixed for a range of activity and may change beyond that for different activity levels. For example, electricity costs for a production facility may be $1,000 per month just to keep the lights on and building functioning at a minimal level.

–: End of Commercial Studies Specimen Paper 2023 Sec-A Que-2, 3 and 4 for ICSE Class 10 :—

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