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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 5 · 25 questions

TOPIC PRACTICE

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25 questions

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  1. It links objectives alternatives resources time and future estimates
  2. It is only a collection of orders
  3. It only records results
  4. It works without decision
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  1. Always higher profit
  2. Selection of a wrong course of action
  3. Necessary increase in resources
  4. Automatic improvement in staffing
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  1. Past checking
  2. Punishment system
  3. Coordinated efforts in a common direction
  4. Salary payment
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  1. When all alternatives have equal quality and equal risk
  2. When the low-cost alternative can be completed within the prescribed time limit
  3. When the low-cost alternative fully achieves the planned objective
  4. When risk, quality and alignment with objectives are ignored
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  1. Because the correct problem leads to realistic and suitable objectives
  2. Because problem removes objectives
  3. Because problem has no relation with planning
  4. Because objectives are always made without problem
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  1. Every activity should be directed towards a set objective
  2. Every activity should run without purpose
  3. Objectives are needed only in controlling
  4. Objectives weaken planning
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  1. When objectives are measurable
  2. When clear course of action responsibility and resources are absent
  3. When alternatives are analysed
  4. When time limit is fixed
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  1. Because selection is always wrong
  2. Because objectives are outside planning
  3. Because the chosen path may need revision under changing conditions
  4. Because review is prohibited in planning
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  1. Setting time limit
  2. Considering resources
  3. Clarifying objectives
  4. Not examining comparative suitability of alternatives
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  1. Policy removes objectives
  2. Policy gives broad direction and decision guidance
  3. Policy is unrelated to planning
  4. Policy is made only after results
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  1. Strategy is always correct
  2. Objectives are irrelevant
  3. The selection is not suitable to the objective
  4. Future is certain
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  1. Keeping only old reports
  2. Removing all alternatives
  3. Keeping objectives vague
  4. Making real forecasts of upcoming conditions
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  1. When decision is based on information forecasting and alternative analysis
  2. When decision is based only on luck
  3. When there is no objective
  4. When future is ignored
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  1. Resource availability
  2. Time limit
  3. Objective suitability
  4. Forecasting
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  1. Accepting a large objective without means
  2. Keeping resources outside planning
  3. Always postponing decision
  4. Matching objective and course of action within practical limits
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  1. Big objectives are converted into smaller actions
  2. Strategy has no relation with work
  3. Operational level does not plan
  4. Objectives at all levels remain separate and unrelated
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  1. Sudden control
  2. Environment based future decision
  3. Accounting entry
  4. Aimless change
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  1. Only a long document
  2. Only attractive language
  3. Clear objectives suitable means practical time and analysed alternatives
  4. Only copying old data
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  1. It is related to future
  2. It is decision based
  3. It is objective based
  4. It is complete even without alternatives
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  1. Past accounting
  2. Office colour
  3. Implementability
  4. Punishment system
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  1. Stopping decisions
  2. Removing objectives
  3. Depending only on luck
  4. Using information forecasting and alternative courses
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  1. Lack of future oriented analysis
  2. Clarity of objective
  3. Completeness of alternative selection
  4. Certainty of resources
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  1. Only reporting
  2. Systematic work determination before action
  3. Employee entertainment
  4. Aimless work
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  1. Premises make objectives unnecessary
  2. Objectives appear only in controlling
  3. Premises provide future assumptions on which objectives and paths are chosen
  4. Both are outside planning
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  1. Planning is only a future wish
  2. Planning is only copying past results
  3. Planning remains effective without objectives
  4. Planning thoughtfully links objectives means alternatives time and uncertainty to decide course of action

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