Business Studies Notes Full Syllabus Essay

22442 Words Jan 12th, 2013 90 Pages
REVIEW OF BUSINESS STUDIES SUPPORT MATERIAL OF CLASS XII (2012-2013)

Members Who Reviewed Support Material
Sl. No.
1.

Name
Mrs. Savita Drall (Team Leader) Sh. Ishwar Singh

Designation
Principal

School
SKV, Mata Sundri Road,, Delhi-110002 RPVV, Narela Delhi-110040 G.B.S.S.S., Mata Sundri Road Delhi-110002 S.B.V., Rouse Avenue, DDU Marg, Delhi-110002

2.

Lect. Commerce

3.

Sh. Vinod Kumar

Lect. Commerce

4.

Smt. Nikhat Islam

Lect. Commerce

1

XII – Business Studies

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Class-XII

Business Studies
Design of the Question Paper
Maximum Marks : 100 (90 for theory paper + 10 for project) Part A : Principles and Functions of Management 1. 2. 3. 4. 5. 6. 7. 8. Part B: 9. 10. 11. 12. Part C:
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It is important for management to be both i.e. effective and efficient. Example : A business produces targeted 1000 units but at a higher cost is effecitive but not efficient. Therefore if the business has to be effective and efficient then it has to produce 1000 units within cost.

Characteristics of Management
1. 2. 3. 4. Goal oriented Process : It is a goal oriented process, which is undertaken to achieve already specified and desired objectives. Pervasive : Management is pervasive in nature. It is used in all types of organizations whether economic, social or political and at every level. Multidimensional : It is multidimensional as it involves management of Work, People and operations. Continuous : It is a continuous process i.e. its functions are being performed by all managers simultaneously. The process of management continue till an organisation exist for attaining its objectives. Group Activity : It is a group activity since it involves managing and coordinating activities of different people as a team to attain the desired objectives. Dynamic function : it is a dynamic function since it has to adapt to the

5.

6.

6

XII – Business Studies

AK

changing environment. 7. Intangible Force : It is an intagible force as it cannot be seen but its effect are felt in the form of results like whether the objectives are met and whether people are motivated or not.

Objectives of management
(A) Organizational objectives of Survival (Earning

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