Business Studies 1 Marks Question

Give two examples of internal premises of planning.

Policies are guides to managerial action and decisions in the implementation of strategy. Support with an example.

Give the meaning of ‘objective’ as type of plan.

How 'planning leads to increased efficiency'?

What is meant by “Selecting an alternative' as a step in the planning process?

State two benefits of planning.

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

State first two steps in the process of planning.

Give one difference between 'policy and procedure'.

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

Planning is done by the top level managers and rest of the members follow them blindly. State the demerit of planning highlighted here.

What is meant by ‘selecting an alternative’ as a step in the planning process?

Mention the step, in which each course of alternatives is to be weighed against each other.

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

Explain how planning is futuristic.

How are policy and strategy connected with each other?

At what step the managerial functions come into the picture?

What is meant by “single use plan?”

'Management translates work into goals and also finds ways and means to achieve them'. Name the term highlighted in the statement.

Give one limitation of 'rule' as a type of plan.

Saurabh decided to start a chocolates manufacturing business. He set the target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of the business, which was of uncertain. He gathered information that the demand for chocolates is increasing day-by-day. He used this information as the base for future planning and shared it with his team. On the basis of the gathered information, he scheduled a meeting in the following week to find innovative ways to achieve the objectives.
List the first two steps, which have been followed by Saurabh that are related to the process of one of the functions of management.

State any two points of the importance of planning.

Give one difference between Policy and Procedure.

Planning provides directions. How?

What are standing plans?

Inspite of many advantages, state how planning can be detrimental.

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

How does planning promote innovative ideas?

Can planning prevent problems?

What are the main requirements of sound objectives?

Explain how planning facilitates decision-making?

Planning is the primary function of management. Justify.

Which type of plan has the least flexibility and why?

Planning strangulates the initiative of the employees and compels them to work in an inflexible manner. What does it mean?

How does planning reduces the risks of uncertainty?

What is meant by "single use plan”?

Explain how “planning provides direction to action."

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

'To see whether plans are being implemented and activities are being performed according to schedule', is a step of planning process. Identify the step.

Define ‘Planning premises’.

Give two examples of external premises of planning.

In which context, alternative courses are being evaluated?

How are ‘Policies' and 'Procedures' interlinked?

How is planning a pervasive function? State.

Implementing the plan is that step in planning process where other managerial functions also come into the picture. Explain with an example.

Give one difference between Policy and Procedure.

What is meant by ‘Planning’?

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

Ebony furnishers train its workers through apprenticeship training. Identify the type of plan and explain it.

"These plans are formulated at top level, defines the future decisions regarding the organisations direction and scope in the long-run'. Identify the type of plan and discuss it briefly.