IMPORTANT TOPICS FOR BST EXAMINATION MARCH 03,2016

IMPORTANT TOPICS FOR BST EXAMINATION MARCH 03,2016

1. Learn concepts, headings and subheadings

2. Go through once the Latest Sample Paper.

3. Focus on confusing topics like:

(a) Management as an Art as well as Science, management is a full-fledged profession, management is impure/inaccurate/inexact science

(b) Principle of Order, Discipline, Authority & Responsibility. Confusion prevails in Equity Vs Remuneration, Unity of Command Vs Unity of Direction, Centralisatiion Vs. Decentralisation and Iinitiative Vs. Team Spirit, If principle of management is asked, you may write either of Fayol’s or Taylor’s applicable principle.

(c) Managerial Response – a new topic added for 2016 examination, emphasis on understanding political, economic and social environment. Apply cause and effect relationship to attempt such questions. Cause is the appropriate answer. 

(d) Types of Plans – especially objectives, strategy, policy and programme

(e) Identification of appropriate structure:  normally for single line of product, functional structure and for multiple line of products, divisional is suitable but if two different production units are required for single line of production, appropriate answer would be divisional.

(f) Understanding Delegation Vs Decentralisation 

(g) Barriers to Communication (i.e. Personal and Psychological barriers in communication

(h) Differentiation between monetary and non-monetary incentives like job security. Security relates to economic, social and physical.

(i) Identification of Maslow’s Self Actualization Needs and Self Esteem Needs

(j) Staffing Process is different from Selection Process  

(k) Factors affecting fixed capital management / investment decisions and capital budgeting decisions are same thing

(l) Factors affecting choice of capital structure (deciding proportion between debt or equity) while raising funds are different from factors affecting capital budgeting decisions/investment/fixed capital decisions - relate to acquiring non-current assets.

(m) Factors affecting financing decisions (refer to factors deciding to go for equity or debt or both) are different from the factors affecting choice of capital structure  

(n) Factors affecting capital budgeting/ investment/fixed capital decisions are different from factors affecting  requirement of fixed capital (deciding the value of investment in non-current assets) 

(o) Trading on Equity, Trading procedure from new ncert, Public Relations from new ncert , functions/role of PR should be differentiated from Objective of PR 

(p) Pay in day and Pay out Day, Depository, working of demat account, depository participants

(q) Differentiate regulatory and protective functions of SEBI

(r) Need to differentiate - Functions of channels of distribution  (sorting, accumulation, allocation, assorting, product promotion, negotiation and risk taking); Factors determining Choice of channels (Product related factors, market related factors, Company related factors, Competitive Factors and Environmental Factors) and Components of physical distribution (order processing, transportation, warehousing and inventory control) 

(s) Find out common points of fixed capital and working capital requirements like, nature of business, scale of operations and growth prospects.

(t) Functions of financial market and stock market may be used interchangeably

(u) Sales Promotion Techniques (i.e. rebate, discount, product combination)

(v) Consumer rights especially right to be heard and right to seek redressal and three type of redressal agencies

All the Best 

Rajesh Kumar Mahajan