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.