Class 12 - Business Studies - NATURE AND SIGNIFICANCE OF MANAGEMENT (MCQs) (#eduvictors)(#cbse2020)(#class12BusinessStudies)

NATURE AND SIGNIFICANCE OF MANAGEMENT (MCQs)

Class 12 - Business Studies

Q1. Which of the following is not an objective of management:

(a) Earning profits

(b) Creating employment

(c) Satisfying the diverse needs of employees

(d) Planning and controlling

Q2: Management always works by keeping an end result or aim of the organisation. All managerial activities direct towards the end result. This relates to which feature of management?

(a) Management is multidimensional 

(b) Management is continuous

(c) Management is a goal-oriented process

(d) Management is intangible 

CBSE Class 12 - Business Studies - Chapter 2 - Principles of Management - Understanding Scientific Management (#Class12BusinessStudies)(#cbse)(#eduvictors)(Q & A)

Understanding Scientific Management (Q & A)

CBSE Class 12 - Business Studies

Chapter 2 - Principles of Management 

Q1: What is Taylor's Scientific Management?

Answer: F.W. Taylor (1856-1915) was an American mechanical engineer who believed in analyzing the work scientifically and finds one best way to do any work.  His book Principles of Scientific Management was published in 1911.

Taylor conducted a number of experiments and came to the conclusion that workers were producing much less than the targeted standard task.

Also, both the parties - Management and workers are hostile towards each other. He gave a number of suggestions to solve this problem and correctly propounded the theory of Scientific Management to emphasize the use of the scientific approach in managing an enterprise instead of hit and trial method. 

For his contributions, he is well known as the “Father of the Scientific Management”.

Q2: What is Scientific Management?

Answer: Scientific Management is a way to conduct business activities according to standardised tools, methods and trained personal so as to have increased output through effective and optimum utilisation of resources. Hence it stresses that there is always one best way of doing things.

CBSE Class 12 - Business Studies - Chapter 3 - What is a Business Environment? (Q n A)(#eduvictors)(#Class12BusinessStudies)

Chapter 3 - What is a Business Environment? 

(Questions and Answers)

CBSE Class 12 - Business Studies

Q1: Define Business Environment.

Answer: Business environment means the sum total of the factors which influence the business and over which the business has no control. The study of business environment enables the managers to identify threats and opportunities.


Q2: What is the basic difference between economic & non – economic environment?

Answer: The economic environment consist of factor like the fiscal policy, the monetary policy , the industrial policy, the pace of the economic development etc. The non-economic environment refer to social, cultural, political, legal, technological factor etc.


Q3: What are the features of Business Environment?

CBSE Class 12 Sample Question Papers With Marking Scheme (2019-20)(#cbsepapers)(#eduvictors)

CBSE Class 12 Sample Question Papers With Marking Scheme (2019-20)

CBSE has released sample question papers along with marking scheme based on the new curriculum. Sample Papers for Class 12 are taken into consideration as the best option to understand the question paper pattern very well.  

Eduvictors provide collection of sample question papers prepared by various schools and institutes 

that help you to practice and get familiar with the question paper pattern. Solving an ample variety of sample papers, together with the last years' pattern papers, has been the recommendation to students.

Here are links of SQPs and Marking Schemes for various subjects:

Kinds of Objective Type Questions in CBSE Examination 2020 (#eduvictors)(#cbsenews)

Kinds of Objective Type Questions in CBSE Examination 2020

CBSE Class 12 - Business Studies - Financial Markets (MCQs) (#eduvictors)(#class12BusinessStudies)

Financial Markets (MCQs)

Class 12 - Business Studies

Q1. Primary and secondary markets

(a) Compete with each other
(b) Complement each other
(c) Function independently
(d) Control each other


Q2. Financial market facilitates business firms

(a) To raise funds
(b) To recruit workers
(c) To make more sales
(d) To minimize fund requirement



Q3. The total number of Stock Exchange in India is

(a) 20
(b) 21
(c) 22
(d) 23

CBSE Class 12 - Business Studies - Principles Of Management - Question and Answers (#class12BusinessStudies)(#cbsenotes)(#eduvictors)

Principles Of Management 

Question and Answers

Class 12 - Business Studies 

Q1: Describe the concept of principles of management?

Answer: 

It is broad and general guideline for managerial decision making; are different from principles of science as they deal with human behaviour; are different from techniques of management as techniques are method whereas principles are guidelines to action and decision making; are different from values which are formed as generally accepted behaviour in society and having moral coordination where as principles are formed through research having technical nature. 

Q2: What is the nature of Principles of Management?

CBSE Class 12 - Business Studies - Financial Management - Important Terms and Keywords (#cbsenotes)(#eduvictors)

Financial Management - Important Terms and Keywords 

Financial Management: 
It is concerned with the optimum procurement as well as the usage of finance.


Financial decision: 
These are decisions which are concerned with three aspects – viz. investment, financing and dividend.


Investment Decision: 
It is concerned with investment of firm’s funds in different assets.


Short Term Investment Decisions:
Decisions affecting liquidity and profitability of a business.

CBSE Class 12 - Business Studies Sample Question Paper + Solution- (2018-19)(#cbsepapers)(#eduvictors)

CBSE Class 12 - Business Studies
 Sample Question Paper + Solution- (2018-19)

Business Studies is a broad subject in the Social Sciences, allowing the in-depth study of a range of specialities such as accountancy, finance, organisation, human resources management and marketing.

provides business fundamentals that help prepare students for more advanced studies in a particular business field. Students who pursue a business course benefit in a number of ways. Business skills such as problem-solving, leadership, and communication can help in many different areas.

Here follows the class 12  Business Studies sample question paper along with marking scheme and answers help you in studies.

CBSE Class 12 - Business Studies - Chapter 6 - Staffing (Questions and Answers) (#cbsenotes)(#eduvictors)

Staffing 

Questions and Answers

Q1: What is staffing?

Answer: Staffing consists of Manpower planning, recruitment, Selection, training, compensation, promotion and Maintenance of Managerial Personnel. It is concerned with bringing right and efficient people in the organisation.


Q2: What is the need for staffing? 

OR

Describe the importance of staffing.


Answer:

Need and Importance of Staffing

1. Obtaining Competent Personnel: 
Proper staffing helps in discovering and obtaining competent personnel for various jobs.

2. High Performance: 
Proper staffing ensures higher performance by putting the right person in the right job.

3. Continuous Growth: 
Proper staffing ensures continuous survival and growth of the enterprise through succession planning for managers.

CBSE CLASS 12 - Business Studies - NATURE AND SIGNIFICANCE OF MANAGEMENT (Q and A) (#cbsenotes)(#class12BusinessStudies)(#eduvictors)

NATURE AND SIGNIFICANCE OF MANAGEMENT(Q & A)

Q1: Explain the meaning of management. What do you mean by managers?

Answer: Management is a process of getting things done with the aim of achieving desired common goals effectively and efficiently persons engaged in performing the functions of the management are known as managers. In other words, those managing the organisational resources for releasing its goals are known as managers.


Q2: ‘Management is a process’ Explain?

Answer: Management includes various steps such as planning, organising, staffing, directing and controlling. This process begins with those at the top of the organization and continues to varying degrees at almost every level of the organisation. These inter-related steps help to achieve organisational goals in an effective manner. That is why management is known as the process of employing and organising resources to accomplish predetermined objectives.

CBSE Class 12 - Business Studies - What is Organizing and its importance? (Q and A) (#cbsenotes)(#eduvictors)

Organizing and its importance

(Q and A)

Q1: Define organising.

Answer: Organising can be defined as a process that initiates implementation of plans by clarifying jobs, working relationships and effectively deploying resources for attainment of identified and desired results.

Therefore, it is a process, which coordinates human efforts, assembles resources and integrates both into a unified whole to be utilized for achieving specified objectives.


Q2: What is the significance of organising as a function to management?

Answer: Organising as a function to management leads to—

• Creation of organisational structure with suitable personnel.

• Designing specific roles to eliminate ambiguity.

• Defining inter-relationship among personnel for productive cooperation.

• Clarifying authority and responsibility for results and logical grouping of activities.

CBSE Class 12 - Business Studies - Instruments of Money Market (#cbsenotes)(#eduvictors)

Instruments of Money Market

The money market is the arena in which financial institutions provide a broad range of borrowers and investors the opportunity to buy and sell various forms of short-term securities.

INSTRUMENTS OF MONEY MARKET

1. Treasury Bill (T-bills):
It is basically an instrument of short-term borrowing by the Government of India maturing in less than one year. They are also known as Zero coupon bonds.

2. Commercial Paper: 
It is a short-term unsecured promissory note, negotiable and transferable by endorsement and delivery with a fixed maturity period. It is issued by large and creditworthy companies to raise short-term funds at lower rates of interest than market rates. It usually has a maturity period of 15 days to one year.

CBSE Class 12 - Final Examination Date Sheet - (2017-18) (#eduvictors)(#cbsenotes)

CBSE Class 12 - Final Examination Date Sheet - (2017-18)

CBSE Class 12 - Business Studies - Business Environment - GOI Economic Policy Changes Since 1991 (#cbseNotes)

Business Environment -
GOI Economic Policy Changes Since 1991

Question: Explain the changes initiated by the government of India since 1991?

Answer: Following changes have been observed since 1991:
⒈ New industrial policy
⒉ New trade policy
⒊ Fiscal reforms
⒋ Monetary reforms
⒌ Capital market reforms


1. New industrial policy
A. Government has begun disinvesting in public sector undertaking
B. There are new schemes to attract foreign direct investment (FDI).
C. There is promoting clearance of foreign investment proposals.
D. Tax concession is given to units in special economic zones (sezs).
E. There is broadband facility in telecom sector
E. Abolition of industrial registrations scheme.

CBSE Class 12 - Business Studies - Sample Question Paper - (2017-18) (#cbsePapers)

CBSE Class 12 - Business Studies - Sample
Question Paper - (2017-18)

CBSE Class 12 - Business Studies - Ch4 Directing (Practice Test) (#cbseNotes)

PRACTICE TEST

SUBJECT: DIRECTING
(BUSINESS STUDIES)

Max. Time : 50 min. M.M. 25

1. Supervision needs effective communication in the organisation. Comment. 1

2. How does communication help in increasing managerial efficiency? 1

3. What is Laissez-faire leadership style? 1

4. "Resistance from people to introduce changes in the organisation can be removed through motivation". Explain.
1

Class 12 - Business Studies - Fayol s Principles of Management (#cbseNotes, #class12BusinessStudies)

Business Studies - Fayol's Principles of Management

Henry Fayol (1841-1925) got a degree in Mining Engineering and joined French Mining Company in 1860 as an Engineer. He rose to the position of Managing Director in 1988. When the company was on the verge of bankruptcy. He accepted the challenge and by using rich and broad administrative experience, he turned the fortune of the company.

For his contributions, he is well known as the “Father of General Management”.


He gave 14 general principles of Management which are as under:

⑴ Division of Work
⑵ Authority and Responsibility
⑶ Discipline
⑷ Unity of Command
⑸ Unity of Direction
⑹ Subordination of Individual Interest to General Interest
⑺ Remuneration of Employees
⑻ Centralization and Decentralization
⑼ Scalar Chain
⑽ Order
⑾ Equity
⑿ Stability of Personnel
⒀ Initiative
⒁ Espirit De Corps

CBSE Class 12 - Business Studies - NATURE AND SIGNIFICANCE OF MANAGEMENT (Important Points) (#cbseNotes)

NATURE AND SIGNIFICANCE OF MANAGEMENT (Important Points)

1. Management is the art of getting things done through others in formally organised
groups for the accomplishment of organisational objectives.

2. For management it is important to be both effective and efficient. Effectiveness is
qualitative whereas efficiency is quantitative.

3. Characteristics of management include:
(a) It is a goal-oriented process
(b) it is all pervasive
(c) it is multidimensional as it includes management of work, people and operations
(d) it is a continuous process
(e) group activity
(f) dynamic function
(g) intangible force.

4. Importance of management:
(a) helps in achieving group goals
(b) increases efficiency
(c) creates a dynamic organisation
(d) helps in achieving personal objectives
(e) helps in the development of society.

CBSE Class 12 - Business Studies - Question Paper Delhi Region - Answers (2016-17) (#cbseNotes)

CBSE Class 12 - Business Studies  - Question Paper Delhi Region - Answers (2016-17) 

BUSINESS STUDIES DELHI – 2016-17 (Set-1) Answers

☛See Question Paper here.

Q. Give the meaning of ‘motivation’ as an element of directing.

Answer: Motivation means stimulating people to act in a desired manner to achieve certain organisational goals.


Q. Differentiate between ‘formal’ and ‘informal’ organisation on the basis of ‘origin.’

Answer: Formal organisation originates as a result of company’s rules and policies while an informal
organisation originates as a result of social interaction.


Q. Why is ‘employment interview’ conducted in the process of selection?

Answer: Employment Interview is conducted to evaluate the applicant’s suitability for the job.