CBSE Class 12 Business Studies Question Paper 2018

There was Some Advice for The 2018 CBSE Class 12 Accountancy Exams Such As

• Candidates could view their question paper for an additional 15 minutes. They were not allowed to start writing in this given 15 minutes.

• All the questions starting from Question – 1 must be answered. In the case of Part – 2, students were required to answer five questions.

• The marks were specified in the curly brackets for the respective questions.

• Students were instructed to write clearly in their paper.

• Students could do all kinds of rough work on the same page.

How to Download CBSE 12th Business Studies Question Paper 2018?

Interested students can download the CBSE Class 12 Economics question paper 2017 in the PDF format from our website. The link is specified below.

CBSE Business Studies Model Paper 2018

Some sample questions are given that were appeared in the CBSE 2018 Business Studies.

Q1. Describe Any Three Factors That A Company’s Fixed Capital Requirement with Proper Explanation.

Ans:The three factors upon which a firm’s fixed capital depends on are explained below.

1. The Scale of Operation

The firms which are working at large-scale want extra fixed capital as they want more machines and other resources, while small-scale originalities want fewer amounts of fixed capital.

2. Nature of Business

Any kind of business org. is tangled with is the first aspect which benefits in determining the necessity of fixed capital. 

More fixed capital is required by a manufacturing company as related to a trading company. We know that a trading company does not require plants, machinery, etc.

3. Technology Upgradation

Companies that require fast technology up-gradation require an extra fixed capital amount. Due to the invention of new technologies, their old machines turn out to be outdated. 

Also, the companies require to buy new plants and machinery as per their need. On the other hand, the companies which are slower in technological up-gradation will require less fixed capital because they can proceed with old machinery.

Q2. What Do You Mean by the Technique of Production?

Ans: As per the theory of Economics, the firms that are implementing capital-intensive techniques need more fixed capital. 

On the other hand, the firms that are implementing labor-intensive techniques need less capital. 

This happens because capital-intensive techniques are helpful for the plant and its equipment and the company requires more fixed capital to purchase the latest equipment. This is known as the technique of production.

CBSE Business Studies Question Paper 2018 Solved For Class 12

Some questions are given as examples of solved question papers for Class 12.

Q1. What is The Selection Procedure After The Personal Interview And Before The Job Offer?

Ans: In the corporate world, the application phase is recognized as the selection process.

So, the steps are:

1. Resume screening.

2. Screening call.

3. Assessment test.

4. In-person interviewing.

5. Background checks.

6. Reference check.

7. Decision and job offer.

Q2. What Do You Mean By Decentralization?

Ans: According to decentralization, the transfer, or dispersal of decision-making powers, convoyed by the allocation of required authority to individuals or units at all levels of the organization even if they are situated far away from the central power.

Why Choose Vedantu For CBSE Class 12 Business Studies?

Vedantu has collected some fabulous features about the CBSE Class 12 Economics provided by the Vedantu. The following points can give you a good idea to choose Vedantu as your study program partner.

1. Vedantu has uploaded the PDF files on their website that contain CBSE Class 12 Economics notes. These notes are well-systematized and supportive of learning easily.

2. Some particular experts do their hard work to prepare the CBSE Class 12 Business Studies. This feature can also benefit the students very much.

3. Students are requested to practice the model papers of the CBSE Class 12 Economics regularly. It can give them the ability to secure the best marks in their board exams.

4. In the Vedantu learning app, the CBSE Class 12 Economics’ PDF files comprise arithmetical problems along with the proper concepts. All of them responded precisely by giving perfect clarification to each question.

Salient Features of CBSE Syllabus

Vedantu has collected some points about the important (salient) features of the CBSE syllabus; they are:

1. Standardized textbooks are prepared for a better learning experience in the CBSE board.

2. There is no class drop till 8th grade.

3. Exams that are conducted in India follow the CBSE syllabus.

4. As per the CBSE guidelines, the 12th board exam is mandatory.

5. The CBSE board is the best choice for higher education.

6. The syllabus consists of sound knowledge.

7. Science, commerce, and arts are the three important streams in CBSE.

Key Points of Chapter 1

Nature of Management 

1. Management as Art 

The following are the characteristics of management as an art -

(a) Theoretical Knowledge- Art is always based on theoretical knowledge. Therefore, management is an art because, like art, literature and study materials are available in various fields of management.

(b) Personal Experiment - All people work in different ways because everyone has different ways of working, so art is a personal concept and management too. ,

(b) Practice and creativity Art is based on practice and creativity. The ability of any person depends on how much practice he has done. Just as art can be improved by practice and experience, similarly management can also be improved by practice and experience.

2. Management as a Science Management as a Science

Features are as follows -

(a) Systematic knowledge group is a systematic knowledge group like the science of management. Their theories reveal the relationship between cause and effect, which is based on principles, practises and experiments.

(b) Scientific principles based on training are obtained after many years of research, testing, experimentation and observation, in the same way, the principles of management are also obtained. Therefore, like science, management also has principles based on training.

(c) Broad validity - Scientific principles are based on truth and are accepted by all people, similarly, the principles of management are also based on truth, so they are widely valid.

3. Characteristics of Management as a Profession – The following are 

(a) Well defined knowledge group All professions -Well defined knowledge is based on the group because for different professions there is different knowledge and different education which is acquired after studying for a long time.

(b) Restricted entry - Not everyone can easily take admission in the profession because entry is restricted in it, entry is possible only by examination or educational qualification.

(c) Service Objectives Like management, the main objective of a profession is service objective because, in this, services are provided to the customers.

(d) Code of Ethical Ethics - Every profession has its code of ethics which must be followed by every professional.

Note - Management does not require any special degree and certificate nor does it have to follow any kind of ethical code of conduct. Management does not fulfil all the characteristics of a profession, that's why management is a profession but not completely.

Key points of Chapter 2

The organisation is the process of understanding, classifying and devolution of authority.

Stages of the organisation process

1. Identification and division of work - First of all, specific tasks have to be identified according to the objectives set by the organisation and divided into small parts.

2. After dividing the departmental work into small parts, similar activities are assigned to a particular department, this process is called departmentalisation. Like purchasing department for purchasing raw material, purchasing parts etc.

3. Determination of duties After departmentalisation, each department is handed over to the department head. This determination is made based on the nature of work, capacity, skill, and ability of the employees.

4. Establishing Reporting Relationship - After determining the duties, it is very important to establish a reporting relationship, this means that every employee should know from whom he has to take orders and who is his office and who is subordinate.

Importance of organisation:

1. The benefit of specialisation

2. Explanation in work relations

3. Optimal use of resources

4. Effective administration

5. Adopting change

6. Staff development.

7.  Expansion and development

Organisation Structure - The structure which is created by the organisation process is called Organisation Structure. Within this, the tasks are identified and divided into small parts, then after departmentalizing them, the duties are determined, finally, the relations of the employees working in all the posts are clarified.

Types of organisation:

1. Functional Organisation Structure

2.  Divisional Organisation Structure

Functional Organisation Structure- In this, all the functions of the organisation are divided into large parts (such as production, marketing, purchasing, finance etc.). Functional organisation structure adopted by an organisation where the same product is sold.

Utility -

1. Where business size is large.

2. Where specialisation is required.

3. Where the same product is sold.

The gain -

1. By dividing the work into small parts - the work gets done in less time and well. Due to which the organisation gets the benefits of specialisation.

2. Due to doing the same work repeatedly in a department, all the people become experts in it, which helps in establishing coordination in the department.

3. In a department the same work is done repeatedly which increases managerial efficiency.

4. All the employees know from whom they have to take orders and what to do, due to which the duplication of work is reduced.

5. This makes it easier to train the employees as the scope of work of an employee is less.

Disadvantages -

1. This neglects the organisational objectives because all the department heads work on their own accord and always give more importance to the objectives of their department.

2. All department heads work on their own accord, due to which there is difficulty in establishing coordination or unity in all departments.

3. This hinders the full development of the employee as they do the same work again and again and become experts only in that work and not the whole task.

Divisional Organisation Structure - In this, the organisation is divided based on the various products produced by it (such as medicines, clothes, soaps etc.). The divisional organisation structure is followed by an organisation where more than one product is sold.

Utility -

1. Where more than one product is sold.

2. Where the size of the business is very large.

3. Those who are developing rapidly.

Disadvantages -

1. With this, the Divisional President or Divisional President handles all the work related to his product, due to which many types of skills are developed in him.

2. The division head measures the results related to his division, from which it is known how much profit or loss is being made to the division.

3. Each Divisional President works and takes decisions so that speedy decisions are taken.

Formal organization refers to the deliberately designed structure by the managers to accomplish a specific task. Formal organization can be any functional or divisional structure.

Symptom-

1. It is installed intentionally

2. It is based on rules.

3. It is more stable.

4. In this, the importance of work is not of the person.

5. There is a defined mutual relationship in this.

The gain -

1. There is no repetition of tasks. 

2. By this it is well known to the employees from whom to take orders so that the unity of order is followed. 

3. It is easy to achieve the set goals.

4. There is stability in the organization because everyone follows the rules and does the work.

5.This helps in determining accountability because everyone's rights and responsibilities are fixed. 

Disadvantages -

1. Sometimes there is a delay due to doing the tasks according to the rules. 

2. Decreased initiative ability because employees have to do as they are ordered.

Informal Organization - Such an organization is not established intentionally but is automatically formed due to common interests, interests and religions, such an organization is called an informal organization.

Symptom -

1. There are no rules and regulations of any kind written in this.

2. The effect of messages between people is independent.

3. It is based on formal organization because there are informal relationships only between the people working in the formal organization.

4. It is not created intentionally, informal organization is established automatically.

5. It has no fixed structure.

The gain -

1. Due to the absence of any kind of rules and regulations in this, the messages reach very quickly from one place to another.

2. It helps in meeting the social needs of the members as all the members support each other.

3. It helps in achieving organizational objectives. In this, an employee can tell his problems to the officers without any fear. 

Disadvantages -

1. It spreads rumours because everyone talks casually.

2. It opposes any kind of change in the organisation.

3. It puts pressure on the people of the group to keep in mind the expectations of all the members of the group.