Business Studies 1 Marks Question

Planning cannot foresee or assess future trends in the environment and thus there may be obstacles to effective planning. Mention the limitation of planning referred here.

Karan, Kartik and Kunal are best friends. They decided to enter into a partnership business of constructing a mall. Which function of management is referred here?

Planning ensures clarity in thoughts and actions, work is carried on smoothly without interruptions. Which importance of planning is mentioned here?

It is not always true that just because a plan has worked before, it will work again. Which demerit of planning is highlighted here?

Each course will have many variables which have to be weighed against each other. Mention the step in planning which ensures this.

Planning eliminates changes/ uncertainties? Do you agree? Give reason in support of your answer.

A company needs a detailed plan for its new project 'Construction of a Shopping Mall'. What type of plan is it?

Planning lays down the base for other functions of management. Which feature of planning is highlighted here?

“Planning is done for achieving the organizational goals.'

Why planning is known as ‘Futuristic’?

Planning seeks to bridge the gap between two things. Mention them.

State any one feature of planning function of management.

At which level of management more time is consumed on planning as compared to other levels?

Name the type of plan which is time bound and linked with measurable outcome.

Semul and Sons formulated a promotion plan for their product to face the increasing competition in the market. Which type of plan is it?

Planning is an activity which enables a manager to look ahead and anticipate changes. Mention the benefit of planning highlighted here.

No Smoking in the factory.’ This statement is related to which type of plans?

What is meant by ‘follow-up action’ as the step involved in the planning process?

Which step in the planning process takes assumptions about the future as the base material upon which plans are to be drawn?

Name the type of plan which is in the form of general statements and channelize energies towards a particular direction.
OR
Name the type of plan which is in the form of general statements, that guides thinking towards a particular direction and helps in solving routine problems.

It is a comprehensive plan for accomplishing an organisation's objectives. Mention it.

What is the next step after selecting an alternative course of action?

It helps the manager to look into future and make a choice amongst various alternative beris courses of action. Enumerate the importance of planning indicated here.

How does planning promote innovative ideas?

Planning is not a solution to all the problems'. ‘Planning is not a useless exercise despite its limitations'. Which of the these statements is correct?

Planning is an activity which enables a manager to look ahead and anticipate changes. Mention the benefit of planning highlighted here.

Planning ensures clarity in thoughts and actions, work is carried on smoothly without an interruptions. Which importance of planning is mentioned here?

Which demerit of planning is highlighted in this statement - Middle management and other decision makers are neither allowed to deviate from plans nor are they permitted to act on their own.

Name the type of plan which provides the broad contours of an organisation’s business.

Name the type of plan which provides the prescribed ways in which a task has to be performed considering the objective.

One of the functions of Management is considered a base for all other functions. Name that function.

Mr. Mohan, Financial Manager of ABC Ltd., has prepared the annual statement of proposed expenditure to be presented in the Annual General Meeting.
Identify the type of plan formulated by the financial manager.
OR
Name the type of plan which is also a control device.

Planning lays down the base for other functions of management. Which feature of planning is highlighted here?

Planning seeks to bridge the gap between two things. Mention them.

Does mere planning ensure success?

The planning function of management is conducted at which level of management?

As a part of its comprehensive plan ‘Neerja Ltd.' decided to combine a new line of activity with its existing footwear business.
Identify the type of plan.

State the first two steps in the process of planning.

Planning is a time consuming process. Why does this become a limitation?

Which limitation of planning states that 'Once plans are made, managers may not be in a position to change them'?

Give the meaning of ‘Policy’ as a type of plan.

‘Planning always leads to success.’ Do you agree? Give reason in support of your answer.

Planning is done for achieving the organisational goals.’ Do you agree? Give one reason in support of your answer.

Planning leads to rigidity. Do you agree?

"The directors of XYZ Ltd are of the opinion that all decisions and plans are to be framed by them, and therefore, no planning is required at lower levels of management'. Refute this statement.
OR
How is planning a pervasive function? State.

“Unforeseen events and changes, rise in costs and prices, environmental changes, governmental interventions, legal regulations, all affect business plan’. In the light of the statement state any three limitations of planning function of management.

Give the features of an ideal plan.

Rexol Ltd. follow a standard procedure for recruitment and selection of personnel for middle level management? Which type of plan is it?

State first two steps in the process of planning.

Give two essentials of procedure.