CBSE Class 12 (Commerce) Planning — practice questions
58 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CBSE Class 12 (Commerce) Planning in the app →Planning as a function of management essentially means:Planning is regarded as the ___ function of management because every other function follows it:The ends or goals that an organisation wishes to achieve are called its:A comprehensive plan that sets the overall direction of an organisation to meet competition is a:A general guideline that channels thinking and decision-making within set limits is a:The exact chronological sequence of steps to be followed to perform a task is a:A specific statement that tells exactly what is to be done or not done, leaving no discretion, is a:A plan expressed in numerical or financial terms, such as expected sales, is a:Plans prepared for a one-time, non-recurring situation are called:Policies, procedures and rules, which are used repeatedly over time, are examples of:A major limitation of planning is that it:By thinking ahead, planning mainly helps an organisation to:The prescribed way in which each step of a procedure is to be performed is called a:In management, what does planning mean?The idea that planning precedes all other managerial functions is known as thePlanning is needed at every level and department. Which feature is this?A new plan is drawn when the old one ends. Which feature is this?Planning is a forward looking function based on which activity?On what does a business firm base its annual plan for production and sales?When does the need for planning arise?Planning is basically which kind of activity?Planning as a mental exercise needs which qualities?How does planning provide direction to employees?Planning reduces the risk of uncertainty because a manager is able toCoordinated planning reduces which problem?As the first function, planning lets new ideas do what?Planning facilitates rational decision making by helping managers toWhich function needs standards from planning to measure performance?Plans that cannot be changed show which limitation?Costly meetings and expert fees show which limitation?Slow plan drafting leaves little time to act. Which limitation?Which step of the planning process makes assumptions about the future, such as forecasts of demand and tax ratWhich term is used for the assumptions about the future on which plans are based?What must be true of premises used by all managers?Which step lists the many ways of achieving the objectives?Which step weighs the pros and cons of each proposal?A riskier investment promising higher returns is called theWhich step in the planning process is the real point of decision making?Without mathematical analysis, what helps in selecting an alternative?In which planning step must labour be organised and machinery be purchased to raise production?Which step checks whether plans are carried out according to schedule?A plan developed for a one-time, non-recurring event or project is aWhich of the following is a single-use plan?A plan used for activities that occur regularly so that internal operations run smoothly is aA statement of expected results expressed in numerical terms is aWhich plan is a comprehensive plan for accomplishing the long-term objectives of an organisation?Which of these is one of the three dimensions of a strategy?General statements that guide thinking and channel energies in a particular direction are calledRoutine steps, in chronological order, on how to carry out an activity form aWhich plan states how one step of a procedure is to be performed?Which plan allows no flexibility or discretion in action?A detailed statement of a project covering objectives, policies, procedures, rules, resources and budget is aIn what form should objectives ideally be expressed?Who usually sets the broad objectives that guide the overall planning of an organisation?In an organisation, who does the departmental planning?At the lowest level of management, who does day-to-day operational planning?A company decides whether to make or buy packages and how to select vendors. Which policy covers this?The steps for reporting progress in production are an example of a