Class 12 Business Studies Chapter 4 MCQ and Important Questions of Planning with explanation and answers for session 2023-24. All the questions are updated for Class 12 Business Studies chapter 4 to prepare for exams. Class 12 Business Studies Chapter 4 Solutions.
Class 12 Business Studies Chapter 4 MCQ
Which statement is true?
Planning is no guarantee for success. This statement is
Not buying raw material from unfriendly countries is a tupe of which plan?
Concept of Planning
Planning is a way to decide in advance what to do, how to do when to do, and who is to do it. Planning bridges the gap from where we are to where we want to go. It is one of the basic but necessary managerial functions. Planning involves setting objectives and developing appropriate courses of action to achieve these objectives. Thus, it is closely connected with creativity and innovation.
Plans can be implemented after the
Last step in planning process is to
‘No smoking in the factory’ is an example of
—- is a type of plan which refers to the prescribed way or manner in which a specified task has to be performed.
Importance of Planning
- Planning provides directions
- Planning reduces the risk of uncertainty
- Planning reduces wasteful activities
- Planning promotes innovative ideas
- Planning facilitates decision making
Increasing sale by 20% —
Estimated cash inflows and cash outflows are
Development of a new product is a ………
Which of the following is not correct in the context of planning?
Limitations of Planning
- 1. Planning leads to rigidity
- 2. Planning may not work in dynamic environment
- 3. Planning involves huge costs
- 4. Planning is time consuming
- 5. Planning does not guarantee success
- 6. Planning reduces creativity
Objectives are generally set by ………..
Which is not a feature of planning function of management?
Which of the following is a limitation of planning?
Features of Planning
1. Planning focuses on achieving objectives
2. Planning is a primary function of management
3. Planning is pervasive
4. Planning is futuristic
5. Planning involves decision making
6. Planning is a mental exercise
7. Planning is continuous
Examples of single use plans are
Which of the following is not a limitation of planning?
Which of the following is a strategy?
Developing premises reflects ………… about the future that the manager is required to make about the future.
Process of Planning
- Setting Objectives
- Developing premises
- Identifying alternative courses of action
- Evaluating alternative Courses
- Selecting an alternative
- Implementing the plan
- Follow up action
Among MCQ and True/False which is more important?
From examination perspective both are important. However, last year in the CBSE examination term 1, MCQs were asked having a weightage of 40 marks per subject.
How should we solve MCQs in business studies class 12th?
MCQs in different subjects are of different types. In business studies, most of the MCQs will be straight-forward based on simple English. Therefore, there will not be much problem in answering them.
What is the most important sub-topic in chapter 4 business studies class 12th for MCQs?
The different types of plans like rules, methods, procedure, budget, programme, goals, objectives are the most important sub-topic in chapter 4 for MCQs.