CBSE Board Exam 2024: The Central Board of Secondary Education has commenced the term-end Board Exams 2024. CBSE board exam for class 10 and 12 began on February 15, 2024. Exams for different streams such as the Humanities, Science and Commerce are underway, with common subjects like English scheduled to take place tomorrow.
The CBSE Class 12 Business Studies is one of the major papers in Commerce Stream. The exam is scheduled to take place on March 27, 2024, and primarily is theoretical in nature. Meaning that it focuses on testing your understanding of business concepts, principles, and practices through written answers. The exam generally lasts three hours. Students preparing for the upcoming exam should study and practise certain key topics to improve their chances of scoring.
The following is a list of important topics that are typically covered, that candidates should not miss.
Fundamental Functions of Management
Planning, organizing, staffing, selection, and controlling are pivotal functions in management. Planning involves setting goals and devising strategies, organizing entails structuring tasks efficiently, staffing involves recruitment and training, selection focuses on choosing the right candidates, and controlling monitors progress and implements corrective measures. Understanding these functions is vital for business exam success, with at least three typically examined prominently.
Factors Influencing Capital Structure
Working capital, essential for daily operations, is affected by production levels, credit terms, inventory management, and debt-equity ratio. Conversely, fixed capital, long-term investments like machinery and real estate, is influenced by business nature, technology, and growth strategies. Recognizing these factors aids in sound financial decision-making.
Elements of Promotion Mix
The promotion mix includes diverse strategies like advertising, personal selling, sales promotion, public relations, and direct marketing. Integrating these methods effectively enables businesses to communicate their value propositions to consumers through various channels.
Diverse Types of Plans
Plans in business management vary in scope and duration. Strategic plans outline long-term vision, tactical plans detail steps for strategic goals, operational plans guide departmental activities, and contingency plans serve as fallback strategies. Understanding these plan types aids in proactive decision-making and risk management.
Management as Science, Profession, and Art
Management combines scientific principles, specialized knowledge, and artistic creativity. It relies on research and data analysis, demands specific skills and ethical standards, and involves creativity and adaptability. Recognizing management’s multifaceted nature underscores its complexity and diverse skill sets required for effective leadership.
Dimensions of the Business Environment
The business environment comprises economic, social, technological, political, and legal dimensions. Economic factors like inflation, social trends, technological innovations, government policies, and legal regulations impact business operations. Understanding these dimensions helps businesses adapt to external changes effectively.
Decentralisation and Delegation of Authority
Decentralisation entails distributing decision-making authority across multiple organisational levels, thereby increasing flexibility and responsiveness. Delegation of authority, on the other hand, entails giving specific powers to individuals or groups so that they can make decisions and take actions. These practices improve efficiency, speed up decision-making processes, and empower employees within the organisation.
Importance of Training, Education, and Development (TED)
Investing in training, education, and development initiatives helps employees gain relevant skills and knowledge, which improves job performance and productivity. Furthermore, it enables employees to adapt to changing business environments, increases motivation and engagement, and contributes to overall organisational growth and competitiveness.
Financial and Non-Financial Incentives
This topic covers incentive systems which include both financial rewards (bonuses and profit-sharing) and non-financial rewards (recognition and opportunities for personal growth). While financial incentives provide tangible benefits, non-financial incentives target intrinsic motivators, increasing job satisfaction and performance. Tailoring the incentive mix to individual needs and organisational goals improves its effectiveness in increasing employee engagement and productivity.
Functions of SEBI
The Securities and Exchange Board of India (SEBI) is a key regulator of the securities market. Its responsibilities include protecting investors’ interests, ensuring fair and efficient market operations, regulating market intermediaries, prohibiting insider trading and market manipulation, and developing rules and regulations for market participants.
The CBSE has also released official sample papers. Candidates can use this DIRECT LINK to download.
The CBSE Class 12 Business Studies is one of the major papers in Commerce Stream. The exam is scheduled to take place on March 27, 2024, and primarily is theoretical in nature. Meaning that it focuses on testing your understanding of business concepts, principles, and practices through written answers. The exam generally lasts three hours. Students preparing for the upcoming exam should study and practise certain key topics to improve their chances of scoring.
The following is a list of important topics that are typically covered, that candidates should not miss.
Fundamental Functions of Management
Planning, organizing, staffing, selection, and controlling are pivotal functions in management. Planning involves setting goals and devising strategies, organizing entails structuring tasks efficiently, staffing involves recruitment and training, selection focuses on choosing the right candidates, and controlling monitors progress and implements corrective measures. Understanding these functions is vital for business exam success, with at least three typically examined prominently.
Factors Influencing Capital Structure
Working capital, essential for daily operations, is affected by production levels, credit terms, inventory management, and debt-equity ratio. Conversely, fixed capital, long-term investments like machinery and real estate, is influenced by business nature, technology, and growth strategies. Recognizing these factors aids in sound financial decision-making.
Elements of Promotion Mix
The promotion mix includes diverse strategies like advertising, personal selling, sales promotion, public relations, and direct marketing. Integrating these methods effectively enables businesses to communicate their value propositions to consumers through various channels.
Diverse Types of Plans
Plans in business management vary in scope and duration. Strategic plans outline long-term vision, tactical plans detail steps for strategic goals, operational plans guide departmental activities, and contingency plans serve as fallback strategies. Understanding these plan types aids in proactive decision-making and risk management.
Management as Science, Profession, and Art
Management combines scientific principles, specialized knowledge, and artistic creativity. It relies on research and data analysis, demands specific skills and ethical standards, and involves creativity and adaptability. Recognizing management’s multifaceted nature underscores its complexity and diverse skill sets required for effective leadership.
Dimensions of the Business Environment
The business environment comprises economic, social, technological, political, and legal dimensions. Economic factors like inflation, social trends, technological innovations, government policies, and legal regulations impact business operations. Understanding these dimensions helps businesses adapt to external changes effectively.
Decentralisation and Delegation of Authority
Decentralisation entails distributing decision-making authority across multiple organisational levels, thereby increasing flexibility and responsiveness. Delegation of authority, on the other hand, entails giving specific powers to individuals or groups so that they can make decisions and take actions. These practices improve efficiency, speed up decision-making processes, and empower employees within the organisation.
Importance of Training, Education, and Development (TED)
Investing in training, education, and development initiatives helps employees gain relevant skills and knowledge, which improves job performance and productivity. Furthermore, it enables employees to adapt to changing business environments, increases motivation and engagement, and contributes to overall organisational growth and competitiveness.
Financial and Non-Financial Incentives
This topic covers incentive systems which include both financial rewards (bonuses and profit-sharing) and non-financial rewards (recognition and opportunities for personal growth). While financial incentives provide tangible benefits, non-financial incentives target intrinsic motivators, increasing job satisfaction and performance. Tailoring the incentive mix to individual needs and organisational goals improves its effectiveness in increasing employee engagement and productivity.
Functions of SEBI
The Securities and Exchange Board of India (SEBI) is a key regulator of the securities market. Its responsibilities include protecting investors’ interests, ensuring fair and efficient market operations, regulating market intermediaries, prohibiting insider trading and market manipulation, and developing rules and regulations for market participants.
The CBSE has also released official sample papers. Candidates can use this DIRECT LINK to download.
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