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Published on: 30/07/2018
Based on the chapter Planning, some of the important questions are prepared in this question paper. It covers one mark, two and five marks questions from the book back and PTA question.
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Download CBSE Class 12th Standard CBSE Business Studies question papers, sample papers, important questions, and previous year solved papers in PDF format. Get free study materials, NCERT solutions, and exam preparation resources for Class 12th Standard CBSE Business Studies
Questions + Answers key
Take MCQ Business Studies Test
1.
Name the type of plan which specifies the steps to carry out different activities in a chronological order.
2.
Name the type of plan which is in the form of general statements and channelised energies towards a particular direction.
3.
'Use of alcoholic beverages is banned during office timings'.Identify which type of plan is it?
4.
A company wants to introduce a new product.What type of plan should it prepare?
5.
Mention the step, in which each course of alternatives is to be weighted against each other.
6.
State a measure to overcome limitations of planning.
7.
'Management translates work into goals and also finds ways and means to achieve them'. Name the term highlighted in the statement.
8.
'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.
9.
'Planning always leads to success'. Do you agree? Give reason in support of your answer.
10.
What is meant by planning? List any two features of planning.
11.
Explain 'objectives' as one of the types of plan.
12.
Explain briefly the first two steps in the process of planning.
13.
what are the key elements in the concept of planning?
14.
Why are rules considered to be plans?
15.
'No enterprise can achieve its objective without systematic planning'.Do you agree with this statement? Give any five reasons in support of your answer.
16.
Why is planning necessary for effective management?Give six reasons
17.
Difference between 'method' and 'budget' as types of plans.
1.
( )
Procedure
2.
( )
Policies are general statements that guide thinking or channelise energies towards a particular direction.
3.
( )
Rule
4.
( )
Strategy
5.
( )
At the 4th step (evaluating alternative courses), each course of alternative is to be weighted against each other.
6.
( )
The system of control should be directly associated with planning so that every plan is implemented properly.
7.
( )
Planning.
8.
( )
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.
9.
( )
No, planning does not guarantee success as sometimes the managers may fail to predict the future.Thus, it may lead to failure.
10.
Planning is deciding in advance what is to be done, how to do and by whom.It bridges the gap between 'where we are' and 'where we want to go'.
Two features of planning are:
(i) Planning is goal oriented.
(ii) Planning is an intellectual process.
11.
Objective is the most important type of plan. These are defined as ends which the management seeks to achieve by its operations.
The objectives are usually set by top management ofthe organisation and focus on broad and general issues. They define the future state of affairs which the organisation strives to realise.
For example, An organisation may have an objective of increasing sales by 10% or earning a reasonable rate of return.
12.
First two steps of planning are as follows:
(i) Setting objectives Objectives specify what an organisation wants to achieve.Therefore, the first step in planning is to set up clear objectives for the organisations as well as all the departments of the organisation.
(ii) Developing premises Premises are the base upon which plans are drawn.They may be forecasts, existing plans or past information.Therefore, the manager is required to make certain assumptions about the future, called premises.
13.
Key elements of planning are as follows:
(i) Determining the objectives.
(ii) Identifying alternative course of action.
(iii) selecting the best course of action.
14.
Rules are specific in statements that inform what is to be done. They lay down the specific sequence of actions in the organisation. They promote discipline in the organisation. Rules are considered to be a plan because both of them are similar in nature. Rules are considered to be the simplest of plans. Planning helps to decide the future course of action. Similarly, rules help in deciding whether an action should be taken or not.
15.
Planning is deciding in advance what to do, how to do and by whom.It bridges the gap between 'where we are and where we want to go'.
16.
Planning is deciding in advance what to do, how to do and by whom.It bridges the gap between 'where we are and where we want to go'.
17.
Difference between method and budget
| Basis | Method | Budget |
| Meaning | It provides the prescribed ways or manner, in which a task is performed. | It provides statement of expected results, expressed in numerical terms. |
| Purpose | They provide standardised ways of doing routine jobs. | They provide a basis of control of activities. |
| Kind | They come under, standing plans | They come under single-use plans. |
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