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Business Studies

Meaning of planning

In Class 12 Business Studies, this topic explains the meaning of planning as deciding in advance what is to be done, how it will be done, when it should happen, and who will carry it out. Students understand planning as a basic management function that gives direction to business activities, helps set objectives, guides decision-making, coordinates efforts, and prepares an organisation to respond to future uncertainty.

Expert · Level 1 · 25 questions

TOPIC PRACTICE

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  1. Lack of fit between means and objectives
  2. Only lack of control
  3. Lack of audit
  4. Excess employee motivation
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  1. Only past results
  2. Future action and objectives
  3. Personal preference of employees
  4. Orders without information
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  1. Time recording
  2. Salary payment
  3. Evaluation of alternatives
  4. Old record
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  1. Guessing is always written
  2. Planning has no objective
  3. Guessing decides resources
  4. Planning decides an information based decision and course of action
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  1. Choosing a path by linking objectives resources alternatives time and risk
  2. Counting faults after work is completed
  3. Giving orders without goals
  4. Only recording expenses
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  1. Because planning has no future
  2. Because planning estimates and prepares for an uncertain future
  3. Because planning is only a past report
  4. Because planning has no alternatives
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  1. Only daily orders
  2. Accounting control
  3. Rational selection
  4. Sudden reaction
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  1. The objective will end immediately
  2. All alternatives will automatically become correct
  3. Resources will never be needed
  4. Measuring work progress will be difficult
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  1. Because it also decides the course of action to achieve objectives
  2. Because objectives are prohibited in planning
  3. Because planning is only a report
  4. Because planning is a copy of the past
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  1. It only repeats orders
  2. It is based on fact analysis and selection of alternatives
  3. It is entirely physical labour
  4. It is completed without objectives
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  1. Only control
  2. Only accounting
  3. Future oriented advance preparation
  4. Staffing process
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  1. It makes other functions unnecessary
  2. It comes only after control
  3. It is done only at top level
  4. It sets objectives and direction for other functions
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  1. Feasibility
  2. Decoration
  3. Past accounting
  4. Rumour control
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  1. Because it removes objectives
  2. Because it strengthens preparation in uncertain conditions
  3. Because it makes decision impossible
  4. Because it makes resources irrelevant
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  1. Only past checking
  2. Only order following
  3. Link between present choice and future outcome
  4. Directionless work
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  1. He estimates upcoming demand
  2. He decides budget for a goal
  3. He compares alternatives
  4. He stops work after loss without analysis
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  1. Selection of the best alternative
  2. Employees birthday
  3. Office colour
  4. Number of old files
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  1. Policy provides broad direction to the course of action for achieving objectives
  2. Policy specifies the detailed sequence of every step in a course of action
  3. Policy is independent of objectives and course of action
  4. Policy is formulated only after the work is completed
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  1. Preparing a budget and never reviewing it
  2. Revising the plan monthly on new data
  3. Working after removing objectives
  4. Leaving all alternatives
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  1. Because it has more employees
  2. Because it has no future
  3. Because it is implementable and measurable
  4. Because it removes control
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  1. Every alternative is adopted equally
  2. Alternatives have no relation with decision
  3. The first suggestion is always best
  4. An objective suitable path is chosen from possible courses
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  1. Planning first sets standards and path while controlling compares later
  2. Controlling first makes goals while planning compares later
  3. Both happen only after results
  4. Planning has no relation with standards
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  1. Lack of link with common direction and objective
  2. Only lack of salary payment
  3. Lack of physical labour
  4. Excess old reports
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  1. Because problem identification makes objectives realistic
  2. Because it removes objectives
  3. Because it stops decision
  4. Because problem is irrelevant in planning
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  1. Taking decisions without information
  2. Using information forecasting and alternative analysis
  3. Leaving all objectives
  4. Depending only on luck

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