Class 12 NCERT Solutions Business Studies - Controlling - Free PDF Download
Business Studies are studied worldwide. NCERT Solutions for Class 12 Business Studies provides students with a plethora of topics offered in a simplified manner. Class 12 Business Studies Chapter 8 NCERT Solutions is a great platform that provides key terminology, visual representations, and critical analysis. NCERT Solutions Business Studies Chapter 8 is the omnibus a student requires to ace their exams. Students can depend on NCERT Solutions for Class 12th Business Studies for concise summaries. The study material is guaranteed to transform your revision plans for exams.
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FAQs on NCERT Solutions for Class 12 Business Studies Chapter-8
1. What Does the Term ‘Controlling’ Mean?
Controlling is a key concept in learning the terminology of the subject of Business Studies. It is the act of ensuring all organizations perform their planned strategies without hindrance and in the given time constraints. It ensures that the use of resources (both natural and artificial) is done efficiently and effectively for the slated goals of the organization. It is a goal-oriented managerial function. The role of a controlling manager is to compare the actual performance with the planned performance statistics and understand the areas of improvement at all levels.
2. Write a Short Note on the Budgetary Control Used as a Technique of Managerial Control.
Budgetary control is the application of preparing budgets for each activity and operation of the organization. It refers to the goals and objectives of an organization achieved in quantitative terms. The actual results are compared with the planned budgets. The work is assessed and deviations are noted. These are correlated and action plans are developed. The resource requirement of various departments is analyzed and met according to the standards set up by the organization. Therefore, it is used to streamline managerial control.
3. How to easily study and understand Chapter 8 of Class 12 Business Studies?
The NCERT Solutions for Class 12 Business Studies on the Vedantu app and the website which are great educational platforms preferred by students, provides an exemplary solution. From solved exercises based on Chapter 8 'Controlling' in a question-answer format including short notes, briefs and MCQs to detailed explanations, these exercises are a very simple and easy method to understand the fundamentals of the chapter making it simpler to learn and remember the concepts.
4. What is 'Management by Exception’?
Class 12 Business Studies Chapter 8 Controlling explains the various methods and techniques involved in controlling. Controlling means keeping a check on the various functions and analyzing the progress of the work within the set standards. The concept 'Management by Exception' refers to keeping a check on controlling itself as it is not possible to control everything effectively and hence only major variations in the work should be controlled.
5. What are the steps involved in controlling?
Five key steps are involved in the process of controlling which begins with setting the standards of assessment and then measuring the performance to get reliable data which helps in the next step. The next step is comparing the measured performance with the standards set. Further, the data is used to assess deviations in the performance, which if exceeds the limit, must be attended to with the final step of using corrective measures.
6. How to solve Class 12 Chapter 8 case problems of business studies?
Case problems are a method to analyse your comprehension and analytical skills. The problems help evaluate how well you have understood a given topic or a chapter. The NCERT Class 12 Solutions of Business Studies available free of cost also provide a few solved case problems that can be referred to infer how the questions can be answered. Study and understand Chapter 8 properly and keep in mind the essence of the chapter while answering them.
7. Which questions are important in Chapter 8 Business Studies of Class 12?
Chapter 8 Controlling talks about the importance of the controlling process in any organisation. It explains all the types, steps and techniques involved in controlling and what are the outcomes of such processes. The entire chapter is important and carries 20 marks. However, the key points you should learn is the terminology, and procedures and techniques and limitations relating to 'controlling'. These form the base of the chapter and are essential to know.