Planning-Concept, Importance and Limitations [CBSE (Central Board of Secondary Education) Class-12 Business-Studies]: Questions 16 - 22 of 22

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Question 16

Appeared in Year: 2007

Describe in Detail Subjective▾

Explain how does planning help reducing uncertainties?

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Explanation

  • In organization in right direction it accredits its managers to analyze and anticipate changes. It leads to reduction in uncertainty of events.
  • Planning shows how to deal with situations which may arise in course of management. It does not fully eliminate …

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Question 17

Appeared in Year: 2010

Describe in Detail Subjective▾

What is meant by ‘Planning’ ? List any two features of planning.

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Explanation

Planning denotes to the psychological process of thinking and deciding about ‘what is to be done’ and՚how

It is to be done ′ .

Planning is defined process of setting aims formulating courses of action

Correct in order to attain the set goals.

The following are two features of planning.

(i) Focus on objectives: Plans are guidelines that support managers …

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Question 18

Appeared in Year: 2011

Describe in Detail Subjective▾

State any four features of planning.

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Explanation

Features of planning are given below:-

(1) Focus on objectives:- This is focus on guidelines for what goals are achieved and how they are achieved. Organization formulates keeping goals.

(2) Stepping stone:- Planning precedes all functions as organizing, staffing. Objectives and goals for all other functions of management.

(3) Pervasiveness:- Planning…

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Question 19

Appeared in Year: 2012

Describe in Detail Subjective▾

State any three advantages and any two limitations of ‘planning’ .

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Explanation

Advantages of planning is given below:-

(1) Focus on objectives:- Planning serves as guidelines for goals to be achieved. They ensure that objectives of an organization are achieved on time.

(2) Continuity:- Planning is process because after implementation of plan the need arises for formulating next plan and keeping in view new objectives.

(3) Choice…

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Question 20

Appeared in Year: 2012

Describe in Detail Subjective▾

Describe the relationship between ′ panning and ′ controlling ′ .

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Explanation

  • Planning and controlling are related functions of management. Planning refers to the psychological process of thinking and deciding what is to be done and how it is to be done.
  • So, planning decides the objectives achieved and course of action to be followed. Controlling refers to the process of managing and evaluating the work.
  • The various objectives…

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Question 21

Appeared in Year: 2012

Write in Short Short Answer▾

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

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Question 22

Write in Short Short Answer▾

Answer any seven of the following questions in 10 - 12 sentences each. Each question carries four marks:

Explain the importance of planning with any four points.

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