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12th COMMERCE VISHWAAS BATCH

Planning Practice Sheet

1. Planning is the……… 9. Single use plan…………

(1) Primary/First function of manager (1) Used only once
(2) Last function of manager (2) Used for one single department
(3) Both (a) and (b) (3) Used by single individual
(4) None of the above (4) All of the above

2. The composite plan which involves setting up of 10. Planning establish base or standard for………..
long-term objective finding course of action and (1) Organising (2) Staffing
allocation of resources is called ……… (3) Directing (4) Controlling
(1) Policy (2) Strategy
(3) Program (4) Procedure 11. What is meant by single use plan?

3. The plan which includes objective, policy, procedure 12. A company needs a detailed plan for its new project
and rule is called………. construction of shopping mall. What type of plan is
(1) Strategy it?
(2) Budget
(3) Programme 13. In which type of plan the sequences to perform a job
(4) All of the above are determined?

4. Standardised way in which a task has to be performed 14. A company wants to introduce a new product. What
is called……… type of plan should it prepare?
(1) Policy (2) Procedure
(3) Strategy (4) Method 15. “Planning is not a guarantee of success of a business."
Comment.
5. The sequence of steps or actions to be taken to
enforce a policy and attain pre-determined objectives 16. Give two examples of objective and policy.
is called……….
(1) Objective (2) Policy
(3) Procedure (4) Strategy 17. A firm wants to increase its sales by 25% for the
coming year. Which type of plan is involved in it?
6. Organisations own customised way of handling
problems or taking decisions is called…….. 18. "Swachh Bharat Abhiyan" started by government of
(1) Strategy (2) Policy India is an example of which type of plan? Explain it.
(3) Budget (4) Rule
19. Procter and Gamble Ltd. is offering a free bucket on
7. Planning is performed at…….. every purchase of Tide Washing Powder. In response
(1) Top level (2) Middle level to this Hindustan Unilever Ltd. started a new scheme
(3) Supervising level (4) All level of giving free one kg of Rin Washing Powder with
every purchase of five kg of Rin Washing Powder.
Identify the plan stated in the above paragraph and
8. Standing Plan……..
explain it.
(1) Stands as an example for other planner
(2) Recurring plans
20. KOHINOOR FOODS Ltd. has banned smoking in
(3) Discarded after use
the factory premises.
(4) All of the above
(a) Identify the plan stated in above lines.
(b) State the features of this plan.
(c) Differentiate between policy and this plan.
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21. The management of ABC Ltd. set up the target of 23.
selling 10,000 units per week and made all their plans
based on this target. But due to change in technology
adapted by competitors which reduced their cost, the 24.
ABC Ltd. could not achieve their target.
(i) Identify the limitation of planning discussed in
the above para. 25.
(ii) State any other two limitations.
What are the main features to be considered by the
management while planning?
What are the steps taken by management in the
planning process?
Is planning actually worth the huge costs involved?
Explain.

22. Why are rules considered to be plans?

[Rules are considered as plan because they are made
in advance for smooth functioning of an
organization]
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Answer Key
1. (1) 13. With Discussion

14. With Discussion

2. (2)

15. With Discussion

3. (3)
16. With Discussion
4. (4)
17. With Discussion
5. (3)
18. With Discussion

6. (2)
19. With Discussion

7. (4) 20. With Discussion

8. (2) 21. With Discussion

9 (1) 22. Long answer

10. (4) 23. Long answer

11. With Discussion 24. Long answer

12. With Discussion 25. Long answer

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Hints and Solutions

1. (1)
2. (2) 16.
3. (3) Objective
4. (4) 1. Increase in production by 10% in six months, 2.
Increase in sale by 5%.
5. (3) Policy
6. (2) 1. Policy of school to give admission to students
7. (4) securing more than 60% marks.
8. (2) 2. Policy of McDonald, not to give franchise to a
9 (1) businessman, who is already having a restaurant.
10. (4) 17.
11. Objective
18.
A single use plan is developed for a one time event.
Such a course of action is not likely to be repeated in Programme for explanation
future. 19.
12. Strategy
20.
Programme. (a) Rule
13. (b)
(c)
Procedure.
21.
14. (i) Planning may not work in dynamic
Strategy. environment.
15. (ii) Any two limitations:
It is right to say that planning is not a guarantee of 1. Planning reduces creativity
success of a business because planning function is 2. Planning involve huge cost
based on certain assumptions regarding future and no 22.
one can give guarantee that assumptions regarding Long answer
future are hundred per cent accurate. The planning
function suffers from certain limitations which is any
23.
five limitations of planning.
Long answer
24.
Long answer
25.
Long answer

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