CBSE Class 12 Business Studies Important Questions

1. What is management, and why is it important?

Answer: Management is the process of planning, organising, leading, and controlling the resources of an organisation to achieve specific goals efficiently and effectively. It is important because it helps in coordinating various activities, optimising resource use, and achieving organisational objectives.

2. What are the main principles of management?

Answer: The main principles of management include:

• Division of Work: Specialisation improves efficiency.

• Authority and Responsibility: Managers must have the authority to give orders and be responsible for results.

• Unity of Command: Employees should receive orders from only one superior to avoid confusion.

• Centralisation and Decentralisation: The extent to which authority is concentrated or distributed affects decision-making.

• Scalar Chain: A clear chain of command is essential for communication and order.

3. How does the business environment affect an organisation?

Answer: The business environment comprises internal and external factors that influence operations. It affects decision-making, competitiveness, and profitability. Changes in technology, economy, politics, and consumer preferences can create opportunities or threats for businesses.

4. What are the steps involved in the planning process?

Answer: The steps in the planning process include:

• Setting Objectives: Define what the organisation aims to achieve.

• Identifying Resources: Assess the resources required to meet objectives.

• Developing Action Plans: Outline the steps needed to achieve the objectives.

• Implementing Plans: Execute the developed plans.

• Monitoring Progress: Review and adjust plans as necessary based on outcomes.

5. What is the significance of organising in management?

Answer: Organising is important because it creates a structured framework within which tasks are divided and coordinated. It helps in allocating resources effectively, clarifying roles and responsibilities, and facilitating communication, leading to efficient achievement of goals.

6. What are the different sources of recruitment?

Answer: The main sources of recruitment include:

• Internal Sources: Promotions and transfers from within the organisation.

• External Sources: Job portals, recruitment agencies, educational institutions, and social media.

• Referrals: Current employees recommending candidates.

7. What is the role of directing in management?

Answer: Directing involves guiding and supervising employees to ensure that they perform their tasks effectively. It includes motivation, leadership, and communication. Effective directing fosters a positive work environment and enhances productivity.

8. How is controlling important in management?

Answer: Controlling is crucial as it helps in ensuring that organisational activities align with set plans. It involves measuring performance, comparing it with goals, and taking corrective actions if necessary. This process helps maintain standards and improves overall efficiency.

9. What are the key functions of financial management?

Answer: The key functions of financial management include:

• Financial Planning: Estimating capital requirements.

• Capital Structure Management: Deciding the mix of debt and equity.

• Investment Decisions: Evaluating potential investment opportunities.

• Budgeting: Preparing budgets for efficient resource allocation.

10. What is the importance of consumer protection?

Answer: Consumer protection is vital as it ensures that consumers are treated fairly and that their rights are safeguarded. It promotes confidence in the market, encourages fair business practices, and helps consumers seek redress for grievances, ultimately leading to a healthier economy

Here are 10 important questions from all chapters. For more detailed, chapter-wise questions, refer to the table above and download the PDF. This will help you gain a better understanding of each chapter and enhance your exam preparation.

How do Business Studies Important Questions Class 12 Help you with Exams?

• Business Studies important questions help you focus on key topics that are likely to appear in exams. This targeted approach makes your study sessions more effective.

• They provide a clear understanding of essential concepts and theories. This clarity helps you grasp complex ideas easily.

• Practising these questions improves your problem-solving skills and boosts confidence. As you tackle different questions, you become more prepared for the exam.

• They help you identify areas where you need more study or practice. Recognizing your weak points allows you to allocate your time wisely.

• By answering these questions, you can reinforce your knowledge and remember information better. Repetition helps solidify your understanding of the material.

• They prepare you for different types of exam questions, including case studies and application-based queries. This versatility ensures you are ready for any format.

• Reviewing these questions can save you time and make your study sessions more effective. This efficiency allows you to cover more material in less time.

• They also guide you in organising your thoughts and presenting answers clearly in exams. A clear presentation of your ideas can lead to better marks.

Vedantu's Important Questions for Class 12 Business Studies are a valuable resource for students. They cover key topics and help reinforce important concepts, making exam preparation easier. By practising these questions, students can boost their confidence and improve their understanding of the subject. This targeted approach allows for effective study sessions and better performance in exams. Using these important questions can make a real difference in achieving success.

Additional Study Materials for Class 12 Business Studies