Worksheet: Planning | Business Studies (BST) Class 12 - Commerce PDF Download

Multiple Choice Questions

Q2: Which of the following is not a characteristic of a good plan?
(a) Flexibility
(b) Specificity
(c) Complexity
(d) Feasibility

Q3: Which type of planning focuses on achieving the overall goals of the organization?
(a) Strategic planning
(b) Operational planning
(c) Tactical planning
(d) Contingency planning

Q4: Who is responsible for implementing the plans formulated by top management?
(a) Middle-level managers
(b) Frontline supervisors
(c) Top-level managers
(d) Board of Directors

Q5: Which of the following is a limitation of planning?
(a) Encourages innovation
(b) Reduces flexibility
(c) Facilitates coordination
(d) Enhances decision-making

Very Short Answers

Q2: What is the significance of planning in an organization?
Q3: Mention any two types of plans in an organization.

Q4: Explain the concept of Contingency Planning.

Q5: What is the difference between Policy and Strategy?

Short Answers

Q2: Explain the advantages and disadvantages of centralized planning.

Q3: Describe the importance of planning in the context of small-scale businesses.

Q4: Explain the concept of 'Management by Objectives' (MBO).

Q5: Discuss the role of planning in the effective utilization of resources.

Long Answers

Q2: Discuss the challenges faced by organizations in the planning process.

Q3: Case Study 1: XYZ Company is facing declining sales despite having a strong product line. Analyze the situation and suggest possible planning strategies.
Sub-questions:
(a) Identify the possible reasons for declining sales.
(b) Propose short-term strategies to boost sales.
(c) Recommend long-term strategies to sustain growth.

Q4: Case Study 2: A startup is facing challenges in resource allocation due to limited funds. Devise a plan to ensure optimal resource utilization.
Sub-questions:
(a) Identify the key resources essential for the startup.
(b) Propose methods to prioritize resource allocation.
(c) Suggest contingency plans in case of unforeseen resource constraints.

Q5: Case Study 3: A multinational company plans to expand its operations globally. Outline the strategic planning steps the company should follow for successful international expansion.
Sub-questions:
(a) Analyze the factors the company needs to consider before expanding globally.
(b) Discuss the market research strategies the company should employ.
(c) Outline the risk management strategies for international expansion.

You can access the solutions to this worksheet here.