CUET Business Studies: Business StudiesPlanning. Free, no login required.

The function of management that requires taking decisions since it involves making a choice from alternative courses of action is known as:

Identify the potential limitations of Planning:

(A) It increases the creativity.

(B) Managers have poor planning knowledge and skills.

(C) Sometimes plans to be drawn up take too much time.

(D) The costs incurred sometimes may not justify the benefits derived from the plans.

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Which of the following is not a feature of Planning?

____________ is usually developed once but is modified from time to time to meet business needs as required.

______ lays down the course of action selected to guide and determine present and future decisions.

Choose the correct order of planning process.

(A) Developing Premises

(B) Evaluating alternative courses

(C) Identifying alternative courses of action

(D) Implementing the plan

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The ends which the management seeks to achieve by its operations are:

Identify the correct sequence of steps in the Planning Process:

(A) Evaluating alternative courses

(B) Implementing the plan

(C) Selecting an alternative

(D) Follow-up action

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Match List-I with List-II

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The Limitations of Planning are:

(A) It reduces creativity

(B) It works in a dynamic environment.

(C) It involves huge costs

(D) It is time-consuming

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In business, a manager is required to make certain assumptions about the future regarding a particular product, demand of that product, tax rates etc. This is called:

Which of the following is a characteristic of planning?

Rita has been promoted as the planning head and the company is planning to launch a new product. What will be the correct sequence of the steps in the planning of the new product?

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Match List-I with List-II

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In the context of the types of plan, identify the correct statement.

"A manager starts planning before the work begins and when work is accomplished, planning for the other work starts". Identify the feature of planning reflected by the given statement.

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_______involves setting objectives and developing appropriate courses of action to achieve these objectives.

Arrange the following steps of a company's planning process in the correct sequence.

(A) Develop premises

(B) Set objectives

(C) Select an alternative

(D) Implement the plan

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Since the future cannot be predicted with absolute accuracy, ___________ premises may not be fully reliable.

A ______ is general statement that guides thinking or channelizes energies towards a particular direction.

Which of the following are important features of the 'Budget'?

(A) The budget is a single-use plan containing expected results in theoretical terms only.

(B) Budgets may be expressed in terms of time, materials or other suitable units capable of numerical expression.

(C) The budget is a plan which quantifies future facts and figures.

(D) The budget projects the expected revenues and expenses for a given period.

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Which of the following is the feature of planning?

_______ involves setting objectives, developing appropriate courses of action and providing a rational approach to achieve these objectives.

Which of the following states that a specific and definite action is to be taken or not to be taken?

Arrange the following steps of planning process in a logical sequence

(A) Making certain assumptions about the future

(B) Selecting the best possible and viable alternative

(C) Weighing the pros and cons of each alternative

(D) Monitoring the plan to ensure that objectives are achieved

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Planning is an important function of management which involves defining the following:

(A) Setting objectives

(B) Deciding on plans, actions and strategies to achieve organisational goals

(C) Allocating and arranging resources

(D) Motivating and inspiring people to perform better

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Match List-I with List-II

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