Management Theory and Functions: Evolution of management, scientific management,
Contribution to scientific management: Reactions and criticisms of Taylor, Fayol, Mayo,
Levels of 'Management Administration and Management, functions of management.
Decision-making.
Units: II
Business Forms and Organization:
Forms of Business:(i)Single proprietorship (ii) Partnership (iii) Joint stock company (iv)
Private Ltd- Companies and public limited companies
Forming Joint Stock Companies (a) Registration (b) issue of Prospectus
(c) Commencement Certificate (iv) co-operative Society choice of Business forms
(v) State undertaking. Organization meaning. Types of organization; (i) Line
organization
(ii) Functional Organization (iii) Line Staff organization (iv) Line Staff Committee
organization, span of control.
Units: III
Finance & Financial Statements: Introduction, Needs of Finance, Kinds of Capital
Sources of fixed capital, Shares - (i) Ordinary Shares (ii) Preference Shares. Borrow
capital. Surplus profits. Sources of Working capital. Management of working capital.
Financial Institutions. Profit & Loss Statement, Balance Sheet, Financial ratio: Liquidity
ratio, Profits investment ratio, equity ratio, inventory ratio.
Units: IV
Interest and Depreciation: interest meaning, Compound interest. Annuities capital
recovery Annuity present worth annuity sinking funds annuity compound Amount
Annuity Nominal and effective rate of interest. Depreciation Meaning and causes. Need
of Depreciation calculation, Methods of Depreciation. Straight line Methods. Sinking
funds methods. Declining Balance Method, sum of years digits method (Syd Method).
Units: V
Labour relations and legislation: Profit sharing, fringe benefits etc.Trade Unions.
Methods of setting disputes (i) Collective bargaining (ii) Conciliation (iii) Mediation
(iv) Arbitration industrial disputes in India, Machinery for setting disputes. Trade
Disputes Acts. The factory Act 1944, payment of wages act. Workman’s compensation
act.