CUET Business Studies 2026 12th May Shift 1 PYQs

Setting objectives for a given time period, formulating various courses of action to achieve them, and then selecting the best possible alternative from among the various courses of action available is known as:

"Most of the time, employees do not even attempt to formulate plans". Which limitation of Planning is indicated by the given statement ?

Amrit Lala, MD of Awasthi Ltd, retired after 33 years of service. The responsibility was given to Amit. Amit realized that there was lot of rivalry, confusion and misunderstanding among departmental heads. He detected inefficiencies, took corrective action and developed a master plan for the organisation to follow. This served as basis for coordinating the activities of all the departments, led to clarity of thought and action and the work got a smooth start.

Identify the importance of planning highlighted in the above paragraph.