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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.

Medium · Level 6 · 25 questions

Practice questions

01What is the reason for calling planning a process before action?

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02Which word gives the most important clue in the meaning of planning?

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03Why is collecting information useful before decision making in planning?

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04If an organisation revises its sales plan every month according to changing market conditions which feature of planning is shown?

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05Deciding priority of work in planning is related to what?

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06How do future decisions in planning affect present activities?

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07Which option gives three correct components of the meaning of planning?

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08Keeping a time limit in planning helps in what?

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09Why is planning not only the work of top level?

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10If a manager accepts the first suggestion without checking alternatives which part of planning is missing?

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11Which problem is reduced in an organisation by a planned course of action?

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12Which question is asked to understand the correct meaning of planning?

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13The quality of planning depends more on what?

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14In which example is preparation for future clear in the meaning of planning?

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15What is the importance of matching objectives and means in planning?

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16Why is it necessary to decide the sequence of activities in planning?

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17If a manager keeps an alternative path ready in advance after seeing a future challenge which aspect of planning is shown?

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18What will be the biggest problem if there is no definite objective in the meaning of planning?

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19A company set the objective but did not choose the course through which it would be achieved. Which element is incomplete in the meaning of planning?

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20Why would it be wrong to call planning only a wish?

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21Which is the most correct difference between the meaning of planning and controlling?

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22In which situation can it be said that the manager is only guessing and not planning?

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23What meaning follows from considering planning as the primary function of management?

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24A plan has objectives and time limit but alternatives for course of action were not compared. What is the most appropriate comment?

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25Why does planning not mean completely controlling the future?

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