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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.

Hard · Level 5 · 19 questions

TOPIC PRACTICE

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Up to 19 questions from this page. Select your focus, then start.

19 questions

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  1. Manager treats only list of dates as the complete plan
  2. Manager decides both objective and path
  3. Manager adds resources and responsibility
  4. Manager compares alternatives
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  1. Because selection should be based on objective resources risk and time
  2. Because preference is always correct
  3. Because objective is not needed
  4. Because resources are irrelevant
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  1. Time-bound action framework
  2. Excess objective
  3. Complete controlling
  4. Automatic use of resources
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  1. Future expectation gives direction to present decision
  2. Present decision has no relation with future
  3. Future thinking stops decision
  4. Future is fully certain
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  1. Changing conditions may require revision of the chosen course of action
  2. The chosen course of action is always wrong
  3. Review eliminates the organisation's objective
  4. A plan can never be changed once it is made
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  1. Deciding the right direction and course of action according to objectives before acting
  2. Postponing action for an indefinite period
  3. Abandoning the stated objectives
  4. Avoiding managerial decision-making
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  1. Setting objectives for the future
  2. Selecting a course of action in advance
  3. Considering resource and time requirements
  4. Merely hoping without any basis
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  1. Practicality of plan may be weak
  2. Plan is completely best
  3. Employee capability has no relation with plan
  4. Objectives will be achieved automatically
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  1. Plan may become weak in changing conditions
  2. Plan will always succeed
  3. Risk has no relation with future
  4. Course of action will become unnecessary
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  1. Determining objectives → identifying alternatives → evaluating alternatives → selecting the best course of action
  2. Selecting a course of action → determining objectives → evaluating alternatives → identifying alternatives
  3. Evaluating alternatives → determining objectives → taking action → identifying alternatives
  4. Taking action → identifying alternatives → determining objectives → evaluating results
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  1. All departments can work in the same direction
  2. Each department can change its objectives independently
  3. Interdependence among departmental activities ends
  4. Managers no longer need to set work priorities
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  1. Review the objective, course of action, or resource arrangement
  2. Implement the plan without checking the availability of resources
  3. Ignore the need for resources when the objective is clear
  4. Treat planning as controlling and accept the shortage of resources
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  1. Planning does not make the future completely certain, but enables better preparation.
  2. Planning ends all business problems.
  3. Planning does not involve decision-making.
  4. Planning is only a review of past activities.
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  1. Decision based on analysis of facts, objectives and alternatives
  2. Decision based only on guesswork
  3. Decision based only on personal preference
  4. Decision made without considering a time limit
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  1. Implementation
  2. Dreaming
  3. Trusting luck
  4. Excuse after action
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  1. Achievement of organisational objectives and efficient use of resources
  2. Making decisions solely on employees’ personal preferences
  3. Starting work immediately without comparing alternatives
  4. Only evaluating the shortcomings of past work
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  1. Present basis of future decision is weak
  2. Plan is fully scientific
  3. Present information is useless
  4. Objective has no relation with future
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  1. Planning is a process of thought decision alternative selection and action framework for future objectives
  2. Planning is only counting past mistakes
  3. Planning is giving orders without objective
  4. Planning is spending resources without objective
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  1. Means may be used in the wrong direction
  2. Means always create objectives
  3. An objective is never needed
  4. Means have no relationship with planning

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