LAST MINUTE TIPS BUSINESS STUDIES CLASS XII 2023 BOARDS | 25 MARCH 2023 EXAM.

MOST IMPORTANT QUESTIONS BUSINESS STUDIES CLASS 12:
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Part A: Principles and Functions of Management
Unit 1: Nature and Significance of ManagementConcept After going through this unit, thestudent/ learner would be able to:
Management - concept, objectives, andimportance Understand the concept ofmanagement. Explain the meaning of‘Effectiveness and Efficiency. Discuss the objectives ofmanagement. Describe the importance ofmanagement.Management as Science, Art and
Profession Examine the nature ofmanagement as a science, art and
profession.Levels of Management  Understand the role of top, middle
and lower levels of management
Management functions-planning,
organizing, staffing, directing and
controlling
 Explain the functions of
management
Coordination- concept and importance  Discuss the concept and
characteristics of coordination.
 Explain the importance of
coordination.
Unit 2: Principles of Management
Principles of Management- concept and
significance
 Understand the concept of
principles of management.
 Explain the significance of
management principles.
Fayol’s principles of management  Discuss the principles of
management developed by Fayol.
Taylor’s Scientific management- principles
and techniques
 Explain the principles and
techniques of ‘Scientific
Management’.
 Compare the contributions of Fayol
and Taylor.
Unit 3: Business Environment
Business Environment- concept and
importance
 Understand the concept of
‘Business Environment’.
 Describe the importance ofbusiness environment
Dimensions of Business EnvironmentEconomic, Social, Technological, Political
and Legal
Demonetization - concept and features
 Describe the various dimensions of
‘Business Environment’.
 Understand the concept of
demonetization
Unit 4: Planning
Concept, importance and limitation  Understand the concept of
planning.
 Describe the importance of
planning.
 Understand the limitations of
planning.
Planning process  Describe the steps in the process
of planning.
Single use and standing plans. Objectives,
Strategy, Policy, Procedure, method Rule,
budget and Programme
 Develop an understanding of single
use and standing plans
 Describe objectives, policies,
strategy, procedure, method, rule,
budget and programme as types of
plans.
Unit 5: Organising
Concept and importance  Understand the concept of
organizing as a structure and as a
process.
 Explain the importance of
organising.
Organising Process  Describe the steps in the process
of organizing
Structure of organisation- functional and
divisional concept. Formal and informal
organisation- concept
 Describe functional and divisional
structures of organisation.
 Explain the advantages,
disadvantages and suitability of
functional and divisional structure.
 Understand the concept of formal
and informal organisation.
 Discuss the advantages,
disadvantages of formal and
informal organisation.
Delegation: concept, elements and
importance
 Understand the concept of
delegation.
 Describe the elements of
delegation.
 Appreciate the importance of
Delegation.
Decentralization: concept and importance  Understand the concept of
decentralisation.
 Explain the importance of
decentralisation.
 Differentiate between delegation
and decentralisation.
Unit 6: Staffing
Concept and importance of staffing  Understand the concept of staffing.
 Explain the importance of staffing
Staffing as a part of Human Resource
Management concept
 Understand the specialized duties
and activities performed by Human
Resource Management
Staffing process  Describe the steps in the process
of staffing
Recruitment process  Understand the meaning of
recruitment.
 Discuss the sources of recruitment.
 Explain the merits and demerits of
internal and external sources of
recruitment.
Selection – process  Understand the meaning of
selection.
 Describe the steps involved in the
process of selection.
Training and Development - Concept and
importance, Methods of training - on the
 Understand the concept of training
and development.
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