Contents

• 1. Management Theory and Functions

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  Introduction, Definitions, Characteristics and Objective of Management, Evolution of Management, The Classical Theories of Management, Neoclassical Theory, Modern Management Theories, Scientific Management, Principles of Scientific Management, Techniques of Scientific Management, Characteristics of Scientific Management, Objectives of Scientific Management, Advantages of Scientific Management, Disadvantages of Scientific Management, Reactions and Criticism of Scientific Management, Contribution to Scientific Management, F.W. Taylor (1856-1915), Henri Fayol (1841-1925), Elton Mayo (1880-1949), Levels of Management, Top Level of Management, Middle Level of Management, Lower Level of Management, Administration and Management, Function of Management, Planning, Organizing, Staffing, Directing, Controlling, Motivating, Coordinating, Communicating, Decision Making, Steps Involved in Decision Making Process, Characteristics of Decision Making, Review Questions.
   
  2. Business Forms and Organization

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  Introduction, Forms of Business Organization, Single Proprietorship, Characteristics of Single Proprietorship, Advantages of Single Proprietor Form of Business, Disadvantages of Single Proprietor Form of Business, Partnership, Characteristics of Partnership, Types of Partnership, Types of Partners, Rights and Obligations of Partners, Advantages of Partnership, Disadvantages of Partnership, Joint Stock Company, Characteristics of Joint Stock Company, Formation of Joint Stock Company, Advantages of Joint Stock Company, Disadvantages of Joint Stock Company, Types of Joint Stock Company, Private Limited Company, Public Limited Company, Cooperative Society, Characteristics of Cooperative Society, Types of Cooperative Societies, Advantages of Cooperative Society, Disadvantages of Cooperative Society, Government Undertaking (State Undertaking), Organization Meaning, Characteristics of Organization, Elements of Organization, Significance of Organization, Types of Organization, Line Organization, Line and Staff Organization, Functional Organization, Committee Organization, Span of Control (Supervision), Types of Span of Control, Factors Influencing Span of Control, Advantages and Disadvantages of Narrow and Wide Span of Control, Review Questions.
   
  3. Finance and Financial Statements

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  Introduction, Definition of Finance, Features of Finance, Types of Capital, Fixed Capital, Meaning of Fixed Capital, Kinds of Capital Sources of Fixed Capital, Shares, Preference Share, Ordinary Share, Difference between Ordinary and Preference Shares, Borrow Capital, Source of Borrow Capital, Characteristics of Borrow Capital, Advantages of Borrow Capital, Disadvantages of Borrow Capital, Surplus Profit, Working Capital, Components of Working Capital, Source of Working Capital, Management of Working Capital, Concept of Working Capital, Types of Working Capital, Financial Institution, Types of Financial Institution, Financial Statement, Profit and Loss Statement, Need to Prepare Profit and Loss Statement, Components of a Profit and Loss Statements, Balance Sheet, Need of Balance Sheet, Components of Balance Sheet, Financial Ratio, Liquidity Ratio, Financial Leverage Ratio, Asset Turnover Ratio, Profitability Ratios, Dividend Policy Ratio, Solved Examples, Review Questions.
   
  4. Interest and Depreciation

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  Introduction, Simple Interest, Compound Interest, Methods to Compute Compound Interest, Applications of Compound Interest Formula, Difference between Simple Interest and Compound Interest, Annuity, Types of Annuities, Future Value or Amount of an Annuity, Present Value or Capital Value of an Annuity, Sinking Funds Annuity, Capital Recovery Annuity, Nominal and Effective Interest Rate, Depreciation, Meaning of Depreciation, Causes of Depreciation, Need / Objects / Significance of Providing Depreciation, Factors Affecting the Amount of Depreciation, Methods of Depreciation, Straight Line Method (Fixed Installment Method), Written Down Value Method (Decline Balance Method), Annuity Method, Depreciation Fund Method (Sinking Fund Method), Sum of the Years Digits Method, Depletion Method (Productive Output Method), Machine Hour Rate Method (Service Hours Methods), Revaluation Method, Solved Examples, Review Questions.
   
  5. Labour Relations and Legislation

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  Introduction, Purpose of Labour Legislation, Labour Laws in India, Industrial Relations, Definition of Industrial Relations, Objectives of Industrial Relation, Industrial Relations in India, Profit Sharing, Types of Profit Sharing Plans, Employee Benefits or Fringe Benefits, Trade Union or Labour Union, Objective of Trade Unions, Functions of Trade Union, Advantages and Disadvantages of Trade Union, Industrial Disputes, Causes of Industrial Disputes, Settlement or Methods of Resolving Industrial Disputes, Machinery for Settling Disputes, Trade Dispute Act, 1929, Industrial Disputes Act, 1947, The Factories Act, 1948, Employee State Insurance Act, 1948, Employees Provident Fund and Miscellaneous Provisions Act, 1952, The Workmen’s Compensation Act, 1923, The Payment of Wages Act, 1936, Minimum Wages Act, 1948, Review Questions.
   
  P. Paper