12th Class Business Studies Planning Question Bank

done Case Based MCQs - Planning Total Questions - 30

• question_answer1)

  Direction (1-5):  Read the following text and answer question numbers 1-5 on the basis of the same.

  After completing a diploma in interior decoration, Malini Birwal setup a small office at Chandigarh to render services. Being new in the field of entrepreneurship, she put in logical and systematic thinking involving foresight, intelligent imagination and sound judgement rather than guess work. She made certain assumptions as she knew that only accurate forecast will act as the base material upon which the plans are to be drawn. Her friend, Neeru Sharma, who has done MBA, advised her to do planning effectively as a good planning will help develop managerial response to deal with the changes and uncertain events. So, she acted in a conscious manner and made sub-plans for the juniors to follow.

  Which feature of planning is highlighted in the above case study?
  A)
  Planning is all pervasive done clear
  B)
  Planning is a mental exercise done clear
  C)
  Planning is a continuous process done clear
  D)
  Planning focuses on achieving objectives done clear
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• question_answer2)
  Which importance of planning did Neeru hint at while guiding Malini?
  A)
  Planning facilities decision-making. done clear
  B)
  Planning promotes innovative ideas. done clear
  C)
  Planning reduces overlapping and wasteful activities. done clear
  D)
  Planning reduces the risks of uncertainty. done clear
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• question_answer3)
  Which step of planning process was taken by Malini?
  A)
  Setting objectives done clear
  B)
  Developing premises done clear
  C)
  Selecting an alternative done clear
  D)
  Follow up action done clear
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• question_answer4)
  Which limitation of planning can you find in the above case study?
  A)
  Planning reduces creativity done clear
  B)
  Planning invoices huge costs done clear
  C)
  Planning leads to rigidity done clear
  D)
  Planning does not guarantee success done clear
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• question_answer5)
  "Neeru Sharma, who has done MBA, advised her to do planning effectively as a good planning will help develop managerial response to deal with the changes and uncertain events". Which importance of planning is highlighted in the lines?
  A)
  It provides direction done clear
  B)
  It reduces overlapping done clear
  C)
  It reduces the risk of uncertainty done clear
  D)
  None of the above done clear
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• question_answer6)

  Direction (6-10):  Read the following text and answer question numbers 6-10 on the basis of the same

  Mega Ltd. holds an Annual Management Program every year in the month of March in which the top managerial personel formulate plans for the next year by analysing and predicting the future to meet future events effectively. They make certain assumptions about the future which are considered to be the base material upon which the plans are to be drawn. As they are responsible for providing direction to the organisation, facts are thoroughly checked through scientific calculations. Detailed plans are prepared after discussion with professional experts. Preliminary investigations are also undertaken to find out the viability of the plan. Since it is an intellectual activity requiring intelligent imagination and sound judgement, it is mainly done by the top management. Usually, rest of the members just implement the plants. Middle level managers are neither allowed to deviate from the plants nor are they permitted to act on their own. The top management ensures that the expenses incurred in formulating the plans justify the benefits derived from them. The management of Mega Ltd. is able to anticipate changes /uncertainties and develop managerial response form them.

  "They make certain assumptions about the future which are considered to be the base material upon which the plans are to be drawn." Identify the step of the planning process highlighted above.
  A)
  Setting objectives done clear
  B)
  Developing premises done clear
  C)
  Implementing the plan done clear
  D)
  Follow up action done clear
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• question_answer7)
  "Detailed plans are prepared after discussion with professional experts. Preliminary investigations are also undertaken to find out the viability of the plan. Middle level managers are neither allowed to deviate from the plans nor are they permitted to act on their own." Identify the limitation of the planning highlighted above.
  A)
  Planning leads to rigidity done clear
  B)
  Planning reduces creativity done clear
  C)
  Planning is a time-consuming process done clear
  D)
  Planning involves huge cost done clear
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• question_answer8)
  "The top managerial personnel formulate plans for next year by analysing and predicting the future to meet future events effectively. Since it is an intellectual activity requiring intelligent imagination and sound judgement, it is mainly done by the management." Identify the feature of the planning highlighted above.
  A)
  Planning focuses on achieving objectives done clear
  B)
  Planning is futuristic done clear
  C)
  Planning is pervasive done clear
  D)
  Planning is a mental exercise done clear
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• question_answer9)
  "The Management of Mega Ltd. is able to anticipate changes/uncertainties and develop managerial responses to them." Identify the point of importance of planning highlighted above.
  A)
  Planning reduces the risk of uncertainty done clear
  B)
  Planning promotes innovative ideas done clear
  C)
  Planning provides directions done clear
  D)
  Planning facilitates decision-making done clear
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• question_answer10)
  "It is an intellectual activity requiring intelligent imagination and sound judgement, it is mainly done by the top management." Identify the feature of the planning highlighted above.
  A)
  Planning focuses on achieving objectives done clear
  B)
  Planning is futuristic done clear
  C)
  Planning is pervasive done clear
  D)
  Planning is a mental exercise done clear
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• question_answer11)

  Direction (11-15):  Read the following text and answer question numbers 11-15 on the basis of the same.

  Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth, the company had gone through several rounds of meeting and discussion before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010, the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.                    (CBSE QB 2021)

  "In 2005, with the aim to accelerate growth the company had gone through several rounds of meeting and discussion." What is the objective mentioned here according to the process stated here?
  A)
  Developing premises done clear
  B)
  Growth and development done clear
  C)
  Launching IT enabled system done clear
  D)
  Cost cutting done clear
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• question_answer12)
  "In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures." Which limitation of the management process is indicated here?
  A)
  It fails to cope with sudden changes. done clear
  B)
  It involves huge cost. done clear
  C)
  It requires critical thinking. done clear
  D)
  Need to construct multiple action plans. done clear
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• question_answer13)
  The management had done effective forecast and critical thinking regarding allocation of resources to reduce
  A)
  Wastage done clear
  B)
  Multiple courses of action done clear
  C)
  Recession done clear
  D)
  Cost done clear
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• question_answer14)
  "The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time." Which is the last step of the process mentioned here?
  A)
  Implementation of plan done clear
  B)
  Timely execution of projects done clear
  C)
  Follow up done clear
  D)
  To prepare alternative course of action done clear
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• question_answer15)
  "The management had done effective forecast and critical thinking regarding allocation resources to reduce wastage." Which feature of planning is highlighted in the lines?
  A)
  Futuristic            done clear
  B)
  Pervasive done clear
  C)
  Continuous       done clear
  D)
  Dynamic done clear
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• question_answer16)

  Direction (16-20): Read the following text and answer question numbers 16-20 on the basis of the same.

  An Auto Company C Ltd. is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower price models for mass consumer who are price sensitive. C Ltd. realised that it needs to take steps immediately to improve its market standing in the future. It decided to increase sales by 10% and gave the direction to all departments at all levels what they are expected to do to achieve the objective. The managers also made certain assumptions about the future, and forecasting was made about the demand for new products, prices of machinery and equipment needed, etc. For quality conscious consumers, C Ltd. plans to introduce new models with added features and new technology advancement. The company has formed a team with representatives from all the levels of management. This team will brainstorm and will determine the steps that will be adopted by the organisation for implementing the above strategy. However, it is very difficult to assess future trends in the environment if economic policies are modified or political conditions in the country are not stable. Intense competition in the market can also upset financial plans, then sales targets in the given case.

  Identify the function of management highlighted in the given case.
  A)
  Planning                        done clear
  B)
  Organising done clear
  C)
  Directing           done clear
  D)
  Controlling done clear
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• question_answer17)
  "It decided to increase sales by 10% and gave direction to all departments at all levels what they are expected to do to achieve the objective." Identify the step of the function of management identified.
  A)
  Setting objectives done clear
  B)
  Developing premises done clear
  C)
  Both [a] and [b] done clear
  D)
  Follow up action done clear
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• question_answer18)
   "It is very difficult to assess future trends in the environment if economic policies are modified or political conditions in the country are not stable. Intense competition in the market can also upset financial plans, then sales targets may have to be revised." Identify the limitation of the; function of management identified.
  A)
  Planning leads to rigidity done clear
  B)
  Planning may not work in a dynamic environment done clear
  C)
  Planning is a time-consuming process done clear
  D)
  Planning does not guarantee success done clear
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• question_answer19)
  Identify the feature (s) of the function of management identified as discussed in the case.
  A)
  Planning is a mental exercise done clear
  B)
  Planning is futuristic done clear
  C)
  Planning is pervasive done clear
  D)
  All of the above done clear
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• question_answer20)
  "The managers also made certain assumptions about the future, and forecasting was made about the demand for new products, prices of machinery and equipment needed, etc." Identify the step of the function of management identified.
  A)
  Setting objectives done clear
  B)
  Developing premises done clear
  C)
  Both [a] and [b] done clear
  D)
  Follow up action done clear
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• question_answer21)

  Direction (21-25): Read the following text and answer question numbers 21-25 on the basis of the same

  ABD Ltd is involved in assembling TVs. Kamlesh, a worker, is required to assemble 2 TVs per day. An idea struck Kamlesh which would reduce the assembling time of TVs but would also reduce the cost of TVs. However, his supervisior shunned him and ordered him to complete work by the suggested methods and techniques decided earlier.

  The company assembles 5 types of TV and plans very efficiently. All the work is carried at centre only. But suddenly due to pandemic, lockdown was imposed and they couldn't assemble TVs for 2 months, thereby causing huge losses to the company.

  After the lockdown was eased, they adjusted their target as per the human as well as non-human resources. The team considered the impact of various policy changes towards the sector to decide the further plan of action.

  Which step of planning is highlighted in the line, "After the lockdown was eased, they adjusted their target as per the human as well as non-human resources"?
  A)
  Setting objectives done clear
  B)
  Developing premises done clear
  C)
  Identifying alternative course of action done clear
  D)
  Selecting an alternative done clear
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• question_answer22)
  Which limitation of planning is highlighted in the line, "But suddenly due to pandemic, lockdown was imposed and they couldn't assemble TVs for 2 months, thereby causing huge losses to the company"?
  A)
  Planning leads to rigidity done clear
  B)
  Planning involves huge cost done clear
  C)
  Planning does not guarantee success done clear
  D)
  Planning may not work in dynamic environment done clear
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• question_answer23)
  Which step of planning is highlighted in the line, "The team considered the impact of various policy changes towards the sector to decide the further plan of action"?
  A)
  Selecting an alternative done clear
  B)
  Evaluating alternative courses done clear
  C)
  Identifying alternative courses of action done clear
  D)
  Developing premises. done clear
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• question_answer24)
  Which limitation of planning is highlighted in the lines, "An idea struck Kamlesh which would reduce the assembling time of TVs but would also reduce the cost of TVs. However, his supervisior shunned him and ordered him to complete work by the suggested methods and techniques decided earlier"?
  A)
  Planning leads to rigidity done clear
  B)
  Planning reduces creativity done clear
  C)
  Planning is a time consuming process done clear
  D)
  Planning involves huge cost done clear
  View Solution play_arrow

• question_answer25)
  Which limitation of planning is highlighted in the lines, "his supervisor shunned him and ordered him to complete work by the suggested methods and techniques decided earlier."
  A)
  Planning leads to rigidity done clear
  B)
  Planning reduces creativity done clear
  C)
  Planning is a time consuming process done clear
  D)
  Planning involves huge cost done clear
  View Solution play_arrow

• question_answer26)

  Direction (26-30):  Read the following text and answer question numbers 26-30 on the basis of the same.

  In 2015, Naveen left his luxurious life in Mumbai, where he worked as a manager for Blue Birds Ltd. He shifted to Begampur, Chhattisgarh to fulfil his grandmother's dream of converting their 25-acre ancestral land into a fertile farm. For this, he set out specific goals along with the activities to be performed to achieve the goals. Every activity was a challenge since he was clueless about farming. He learnt every activity from filling the land to sowing the seeds. To aid farmers, he launched his own company Innovative Agriculture Solutions Pvt. Ltd. It was difficult initially as no one trusted an urban youth telling farmers about farming. But when everything was discussed in detail, the farmers started taking interest- He wanted to ensure that the future events meet effectively the best interests of the company. Through sales forecasting, he prepared an annual plan for production and sales. He also found that the farmers grew only paddy, which was an activity of months and the land remained idle for the rest 8-9 months of the year. He not only identified but evaluated various alternatives through which the farms could be utilised for the remaining months of the year. Through correct foresight and logical and systematic thinking based on analysis of all facts, all alternatives were examined and evaluated. He presented a plan to the farmers, where after harvesting paddy, vegetables could be grown.

  Identify the function of management highlighted in the given case.
  A)
  Planning done clear
  B)
  Organising done clear
  C)
  Directing           done clear
  D)
  Controlling done clear
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• question_answer27)
  "................he set out specific goals along with the activities to be performed to achieve the goals." Identify the feature of the function of management identified as highlighted above.
  A)
  Planning focuses on achieving objectives done clear
  B)
  Planning is futuristic done clear
  C)
  Planning is pervasive done clear
  D)
  Planning is continuous done clear
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• question_answer28)
  "He wanted to ensure that the future events meet effectively the best interests of the company. Through sales forecasting, he prepared an annual plan for production and sales." Identify the feature of the function of management identified as highlighted above.
  A)
  Planning focuses on achieving objectives done clear
  B)
  Planning is futuristic done clear
  C)
  Planning is pervasive done clear
  D)
  Planning is continuous. done clear
  View Solution play_arrow

• question_answer29)
  "Through correct foresight and logical and systematic thinking based on analysis of all facts, all alternatives were examined and evaluated. He presented a plan to the farmers, where after harvesting paddy, vegetables could be grown." Identify the step of the function of management identified as highlighted above.
  A)
  Identifying alternative courses of action done clear
  B)
  Evaluating alternative courses done clear
  C)
  Selecting an alternative done clear
  D)
  Both [b] and [c] done clear
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• question_answer30)
  "Through correct foresight and logical and systematic thinking based on analysis of all facts". Which feature of planning highlighted in the given lines?
  A)
  Planning focuses on achieving objectives done clear
  B)
  Planning is futuristic done clear
  C)
  Planning is a mental exercise done clear
  D)
  Planning is continuous done clear
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