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Subjects

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 4 · 25 questions

TOPIC PRACTICE

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  1. The base of the plan is incomplete
  2. The plan is complete
  3. Resources are irrelevant
  4. Future preparation is strong
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  1. Evaluating alternatives after considering objective and facts
  2. Choosing first option without information
  3. Following only a friend's opinion
  4. Writing objective after action
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  1. It reduces chance of using resources in wrong direction
  2. Resources become unlimited automatically
  3. Need for decision ends
  4. Future becomes certain
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  1. Planning includes objective analysis alternative selection and prior decision
  2. Giving order itself is planning
  3. Planning has no thinking
  4. Orders are always future forecasts
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  1. Strategic mismatch
  2. Complete success
  3. Benefit due to excess planning
  4. Mission has no importance
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  1. It is a rational prior decision for the future, but it can be reviewed when conditions change.
  2. It is a rigid order that cannot be revised even when conditions change.
  3. It is the process of leaving future decisions to luck.
  4. It is a report describing results after the work is completed.
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  1. When objective time resources and responsibility are not clear
  2. When it has future context
  3. When alternatives are evaluated
  4. When objective is written
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  1. It is a process of fact-based thinking alternative evaluation and prior determination of course of action for future objectives
  2. It is only a process of finding mistakes
  3. It is a process of giving orders without objective
  4. It is passive waiting depending on luck
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  1. The plan may get separated from real thinking analysis and implementation
  2. Plan will succeed automatically
  3. Documents are always enough
  4. Decision is no longer needed
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  1. When objectives are clear
  2. When decision is not linked with objective and course of action
  3. When future is estimated
  4. When resources are decided
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  1. Only profit maximisation
  2. Selection without analysis
  3. Rational alternative selection suited to objectives
  4. Control after action
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  1. Resources will become excessive
  2. Objectives will become measurable
  3. Employees will become motivated
  4. Role of uncertainty and forecasting will be ignored
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  1. Selective nature
  2. Continuous nature
  3. Physical nature
  4. Accounting nature
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  1. Because objectives are wrong in planning
  2. Because objectives always change
  3. Because the path and resources to achieve objectives should also be decided
  4. Because objectives are only part of controlling
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  1. It is only following orders
  2. It is a labour based process
  3. It is a chance based process
  4. It is a mental work of fact analysis alternative evaluation and decision
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  1. Feasibility based objective setting
  2. Work without objective
  3. Only control
  4. Sudden reaction
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  1. Because external environment is always stable
  2. Because external changes can affect future decisions
  3. Because environment has no relation with objectives
  4. Because planning is only an internal order
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  1. When objectives are set
  2. When future is estimated
  3. When alternatives are listed but the best one is not selected
  4. When time limit is fixed
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  1. Because rules never come in planning
  2. Because planning is unrelated to goals and future
  3. Because rules give no clarity
  4. Because planning goes beyond rules to decide objectives means and course of action
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  1. It removes objectives
  2. It makes work measurable and disciplined
  3. It makes resources unnecessary
  4. It stops alternatives
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  1. Excess of objectives
  2. Correct fit of resources
  3. Lack of rational information based evaluation
  4. Clarity of time limit
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  1. Planning is only recording expenses
  2. Planning is a set of orders without objectives
  3. Planning starts after results
  4. Planning is rational advance coordination of objectives means alternatives and time under uncertain future
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  1. It remains unclear who will do what
  2. Future becomes completely certain
  3. Resources always become unlimited
  4. Objectives get achieved automatically
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  1. Wage policy
  2. Past accounting
  3. Implementable action sequence
  4. Office decoration
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  1. Because risk always ends planning
  2. Because risk makes objectives unnecessary
  3. Because risk is only a matter of control
  4. Because risk can change the suitability of different alternatives

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