'Planning always leads to success'. Do you agree? Give reason in support of your answer.

1

(a)

No, planning does not guarantee success as sometimes the managers may fail to predict the future.Thus, it may lead to failure.

'The directors of XYZ Ltd are of the opinion that all decisions and plans are to be framed by them, and therefore, no planning is required at lower levels of management'. Refute this statement.

1

(a)

Planning is required at all levels as well as in all departments. It is not a function restricted to top level only.Thus, it can be said that planning is pervasive.

'Management translates work into goals and also finds ways and means to achieve them'. Name the term highlighted in the statement.

1

(a)

Planning.

State a measure to overcome limitations of planning.

1

(a)

The system of control should be directly associated with planning so that every plan is implemented properly.

Mention the step, in which each course of alternatives is to be weighted against each other.

1

(a)

At the 4th step (evaluating alternative courses), each course of alternative is to be weighted against each other.

A company wants to introduce a new product.What type of plan should it prepare?

1

(a)

Strategy

'Use of alcoholic beverages is banned during office timings'.Identify which type of plan is it?

1

(a)

Rule

Why are rules considered to be plans?

1

(a)

Rules are considered as the simplest type of plans because there is no change, compromise or flexibility in following them.

Name the type of plan which is in the form of general statements and channelised energies towards a particular direction.

1

(a)

Policy

Name the type of plan which specifies the steps to carry out different activities in a chronological order.

1

(a)

Procedure

what are the key elements in the concept of planning?

4

(a)

Explain briefly the first two steps in the process of planning.

4

(a)

Explain 'objectives' as one of the types of plan.

4

(a)

What is meant by planning? List any two features of planning.

4

(a)

Why is planning necessary for effective management?Give six reasons

6

(a)

'No enterprise can achieve its objective without systematic planning'.Do you agree with this statement? Give any five reasons in support of your answer. 

6

(a)

Difference between 'method' and 'budget' as types of plans.

6

(a)

Differentiate between objective and strategy as types of plan.

6

(a)