Planning — Class 12 Business Studies PYQs

Explain the following points of importance of 'Planning' function of management :
(i) Planning provides directions.
(ii) Planning promotes innovative ideas.
(iii) Planning reduces the risk of uncertainty.
[Max Marks: 6 | Set: 66/1/1]

Explain 'Objectives', 'Rule' and 'Budget' as types of plans.
[Max Marks: 6 | Set: 66/1/1]

Explain the following limitations of 'Planning' function of management :
(i) Planning may not work in dynamic environment.
(ii) Planning reduces creativity.
(iii) Planning does not guarantee success.
[Max Marks: 6 | Set: 66/1/2]

Give the meaning of 'Single-use-plans' and 'Standing-plans'. Explain 'Strategy' and 'Policy' as types of plans.
[Max Marks: 6 | Set: 66/1/2]

Prachi is working as an academic counsellor for specially abled students at one of the top school to provide special support and guidance to these students. She clearly states in advance the methods of teaching and tackling the students. She ensures that the goals are clearly stated for each and every teacher so that they act as a guide for deciding what action should be taken and in which direction.
Her well laid plans will serve as a basis for coordinating the activities and efforts of teachers teaching different subjects to these students. It helps the teachers in bringing clarity of thought and action to their work.
Identify and explain the two points of importance of 'Planning' function of management highlighted in the above para.
[Max Marks: 4 | Set: 66/1/3 | Set: 66/2/1 | Set: 66/2/2 | Set: 66/2/3]

'This function of management involves setting objectives and developing appropriate courses of action to achieve these objectives.' Identify the function.
[Max Marks: 1 | Set: 66/2/1 | Set: 66/2/2 | Set: 66/2/3]

Given below are two statements, Assertion
[Max Marks: 1 | Set: 66/2/1 | Set: 66/2/2 | Set: 66/2/3]

‘Vishesh Constructions’, a construction company, decided to strictly implement ‘No Helmet, No Entry’ and put the following sign at their construction sites :
[Image of NO HELMET NO ENTRY sign]
Identify the type of plan indicated by the above sign :
(A) Policy
(B) Rule
(C) Method
(D) Programme

‘Best Electronics’ is led by its visionary Chief Executive Officer, Nikhil. It has a reputation for good quality products and customer service. Nikhil recognised the need to continually innovate and provide customers with the latest products. He wanted the company to be the market leader in electronics.
Nikhil knew that to realise his ambitious vision, he needed a clear and well-defined plan that would provide broad contours of the company’s business. His team conducted extensive market research to uncover emerging trends, customer preferences, and potential competitors. On its basis, a plan was prepared defining the company’s direction and scope in the long run. On the implementation of the plan ‘Best Electronics’ became the market leader in two years. The type of plan which helped ‘Best Electronics’ to become the market leader was :
(A) Policy
(B) Rule
(C) Strategy
(D) Procedure

Plans are prepared for a specific period of time, may be for a month, a quarter or a year. At the end of that period, there is a need for a new plan to be drawn on the basis of new requirements and future conditions. The feature of planning reflected in the above lines is :
(A) Planning is futuristic
(B) Planning is continuous
(C) Planning is pervasive
(D) Planning is a mental exercise