Study Notes

                   https://sugarybloom.blogspot.com/                                        Chapter 4-   Planning click here for  chapter 2 principles of management ,  chapter 9 Financial management  , chapter 10 Financial market ,    chapter 11 marketing 1.Explain the concept of planning.  Planning is defined as setting objectives for a given time period, formulating various courses of action to achieve them, and then selecting the best possible alternative from among the various courses of action available. Planning is deciding in advance what to do and how to do.  The manager must formulate an idea of how to work on a particular task and set objectives  Planning is what managers at all levels do.   Thus planning, involves setting objectives and developing appropriate courses of ...

https://sugarybloom.blogspot.com/ Chapter 2  PRINCIPLES OF MANAGEMENT 1.Explain the concept of principles of management.  A managerial principle is a broad and general guideline for decision making and behaviour.  For example while deciding about promotion of an employee one manager may consider seniority, whereas the other may follow the principle of merit.  Principles of management deal with human behaviour  and must be applied creatively according to the situation  all the principles have to keep pace with the changing human behaviour Principles are guidelines to take decisions or actions while practising techniques. They are  guidelines for behaviour.  Principles of management are formed after research in work situations, which are technical in nature. But while practising principles of management, businesses have to fulfil social and ethical responsibilities towards society.     2.Explain the significance of management principles. T...

  cbse class 12 business studies notes https://sugarybloom.blogspot.com/ class 12 business studies chapter 9 notes Chapter-9-Financial Management Important Questions and Answers 1.Explain the meaning of Business Finance Money required for carrying out business activities is called business finance.  All business requires some finance for its activities .Finance is required for running a business, or for expanding or diversifying it. For buying assets also, finance is required.Assets can tangible or intangible assets. Finance is needed to establish a business, to run it, to modernise it, to expand, or diversify it. It is required for buying a variety of assets, which may be tangible like machinery, factories, buildings, offices or intangible such as trademarks, patents, etc 2.Explain the concept of financial management. Financial Management is concerned with optimal procurement as well as the usage of finance. For optimal procurement, different available sources of finance ar...