Karnataka PUC 12th Business Studies Question Paper 2025

Providing employment opportunities is a social objective of management because it contributes to the welfare of society. Profit, growth, and survival are organizational (economic) objectives of management.

Henry Fayol is known as the father of General Management as he proposed 14 principles of management and focused on administrative management. F.W. Taylor is the father of Scientific Management.

A Budget is a single-use plan as it is designed to achieve a specific goal for a specific period, after which it is updated. Procedures, methods, and rules are standing plans.

Informal organization arises spontaneously out of the social interactions and relationships among employees, distinct from the official hierarchical structure found in a formal organization.

A radio is a durable product as it is a tangible good that can survive many uses. Milk, ice cream, and toothpaste are non-durable products.