Important Questions for Class 12 Business Studies

Class 12 Business Studies: Get ready for your Class 12 Business Studies exams with essential questions curated by academic experts from the latest CBSE textbooks. Practicing these chapter-wise questions along with answers will boost your preparation and improve your chances of scoring well in the board exams. Access the Important Questions for CBSE Class 12 Business Studies 2024 here.

Class 12 Business Studies

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Top 25 CBSE Class 12 Business Studies Questions with Answers

• One limitation is that rigid planning can stifle creativity and flexibility, as it may not accommodate unforeseen changes or emerging opportunities.
• Additionally, planning relies on assumptions about the future, which may not always hold true, leading to inaccurate forecasts and plans.
• Finally, planning can be time-consuming and resource-intensive, diverting attention from other critical tasks and slowing down decision-making processes.

1. Direction: It sets clear goals and outlines strategies to achieve them, providing a roadmap for the organization's future direction.
2. Uncertainty Reduction: Planning helps in anticipating and preparing for future uncertainties, minimizing risks and surprises.
3. Decision-making: It facilitates informed decision-making by providing a framework for evaluating alternatives and choosing the best course of action.
4. Performance Standards: Planning establishes performance standards against which actual performance can be measured, enabling organizations to track progress and identify areas for improvement.
5. Innovation: Planning encourages innovation by promoting creative thinking and problem-solving, driving continuous improvement and adaptation to changing environments.
6. Resource Optimization: It ensures efficient utilization of resources by allocating them effectively to prioritize activities and achieve organizational objectives.

1. Guidance: It involves providing clear instructions and guidance to employees on what needs to be done and how to achieve organizational goals.
2. Motivation: Directing inspires commitment and enthusiasm among employees by recognizing their efforts, providing feedback, and offering opportunities for growth and development.
3. Integration: It integrates individual efforts towards common objectives, ensuring coordination and synergy among team members for optimal performance and results.

1. Feedback: It gives feedback on how well things are going, helping to see if the company is on track or needs adjustments.
2. Accountability: It ensures that everyone is responsible for their actions and decisions, promoting transparency and trust within the organization.
3. Decision-making: By providing accurate information, controlling helps in making informed decisions about the future direction of the company.
4. Risk management: It helps identify potential risks and take preventive measures to minimize them, protecting the company from unexpected losses or failures.
5. Continuous improvement: Controlling encourages a culture of learning and improvement by identifying areas for enhancement and implementing changes to enhance efficiency and effectiveness.

1. Trading Platform: It provides a place for investors to buy and sell existing securities and assets, offering liquidity and flexibility in investment choices.
2. Price Discovery: The secondary market helps determine the fair market value of securities by allowing buyers and sellers to negotiate prices based on supply and demand.
3. Safety: It offers a regulated environment for trading, ensuring transparency, fairness, and investor protection against fraudulent activities.
4. Capital Allocation: By facilitating efficient capital allocation, the secondary market directs savings towards their most productive uses, supporting economic growth and development.

Also Read: Primary Market and Secondary Market

• Production Inputs: Raw materials and labour are direct costs that directly affect the cost of production.
• Demand: Higher demand can drive up production costs due to increased resource utilization and production capacity.
• Competition: Competitive pressures may force companies to lower prices, impacting profit margins and cost structures.
• Government Regulations: Regulatory requirements, such as taxes and compliance costs, can add to production expenses.

Also Read: Business Studies MCQs for Class 11th and 12th

How to Study Class 12 Business Studies Questions?

• Understand the syllabus: Familiarize yourself with the Class 12 Business Studies Syllabus to know what topics you need to focus on while studying.
• Organize your study material: Gather all your Class 12 Business Studies notes, textbooks, and reference materials in one place to make studying more efficient.
• Practice regularly: Solve Class 12 Business Studies questions from previous years' papers and sample papers to improve your understanding of concepts and test your knowledge.
• Create study guides: Make concise notes or flashcards summarizing key concepts, definitions, and formulas in Class 12 Business Studies to aid in quick revision.
• Stay consistent: Allocate regular study time for Class 12 Business Studies and stick to a study schedule to ensure thorough coverage of all topics and better retention of information.

Also Read: Tips to Attempt Class 12 Business Exam

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