{"id":18640,"date":"2021-02-15T10:00:36","date_gmt":"2021-02-15T04:30:36","guid":{"rendered":"https:\/\/mcq-questions.com\/?p=18640"},"modified":"2022-03-02T11:11:38","modified_gmt":"2022-03-02T05:41:38","slug":"ncert-solutions-for-class-12-business-studies-chapter-4","status":"publish","type":"post","link":"https:\/\/mcq-questions.com\/ncert-solutions-for-class-12-business-studies-chapter-4\/","title":{"rendered":"NCERT Solutions for Class 12 Business Studies Chapter 4 Planning"},"content":{"rendered":"

Detailed, Step-by-Step NCERT Solutions for 12 Business Studies<\/a> Chapter 4 Planning Questions and Answers were solved by Expert Teachers as per NCERT (CBSE) Book guidelines covering each topic in chapter to ensure complete preparation.<\/p>\n

Planning NCERT Solutions for Class 12 Business Studies Chapter 4<\/h2>\n

Planning Questions and Answers <\/span>Class 12 Business Studies Chapter 4<\/h3>\n

Short Answer Type Questions\u00a0<\/span><\/p>\n

Question 1.
\nWhat are the main points in the definition of planning?
\nAnswer:
\nPlanning is what managers at all levels do. It requires taking decisions since it involves making a choice from alternative courses of action. Planning, thus involves setting objectives and developing appropriate courses of action to achieve these objectives. Objectives provide direction for all managerial decisions and action. Planning provides a rational approach for achieving predetermined objectives. All members, therefore need to work towards achieving organisational goals.<\/p>\n

Question 2.
\nHow does planning provide direction?
\nAnswer:
\nPlanning provides direction by stating in advance how Work is to be done planning provides direction for action. Planning ensures that the goals or objectives are clearly stated so that they act as a guide for deciding what action should be taken and in which direction.<\/p>\n

If goals are will defined, employees are aware of what the organisation has to do and what they must to do achieve those goals. Departments and individuals in the organisation are able to work in coordination If there was no planning, employees would be working in different directions and the organisation would not be able to achieve its desired goals.<\/p>\n

\"NCERT<\/p>\n

Question 3.
\nDo you think planning can work in a changing environment?
\nAnswer:
\nNo, planning.cannot work in a changing environment. The business environment is dynamic, nothing is constant. The environment consists of a number of dimensions, economic political, physical, legal and social dimensions. The organisation has to constantly adopt itself to change.<\/p>\n

It becomes difficult to accurately assess future trends in the environment if economic policies are modified or political conditions in the country are not stable or there is a natural calamity. Competition in the market can also upset financial plans, sales targets may have to be revised and accordingly.<\/p>\n

Cash budgets alsoneed to be modified since they are based on sales figures. Planning cannot foresee everything and thus, there may be obstacles to effective planning.<\/p>\n

Question 4.
\nIf planning involves working out details for the future, why does it not ensure success?
\nAnswer:
\nYes, only planning does not guarantee success. The success of an enterprise is possible only when plans are properly drawn up and implemented. Any plan needs to be translated into action or becomes meaningless. Managers have a tendency to rely on previously tried and tasted successful plans.<\/p>\n

It is not always true that just because a plan has worked before it will work again. Besides there are so many other unknown factors to be considered. This kind of complacency and false sense of security may actually lead to failure instead of success.<\/p>\n

However, despite its limitations, planning is not a useless exercise. It is a tool to be used with caution. It provides a base for analysing future courses of action. But, it is not a solution to all problems.<\/p>\n

\"NCERT<\/p>\n

Question 5.
\nWhy are rules considered to be plans?
\nAnswer:
\nA rule is a guide to action. It specifies what is to be done and what is not to be done and thus leaving the concerned person with no direction. Rules are specific statements that inform what is to be done.<\/p>\n

They do not allow for any flexibility or discretion. It reflects a managerial decision that a certain action must or must not be, taken they are usually the simplest type of plans because there is no compromise or change unless a policy decision is taken. These are important for an organisation because<\/p>\n