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Business Studies · 2023 · 6 marks
CBSE 2023 · Region 1 · Set 2 · Q32
‘It is setting objectives for a given time period, identifying various alternative courses of action to achieve them and then selecting the best…
‘It is setting objectives for a given time period,
identifying various alternative courses of action to
achieve them and then selecting the best possible
alternative from amongst the various alternative courses
of actions available.’
(a)
Identify the function of management referred above.
(b)
State any five points of importance of the function of
management identified in (a) above.
Marking-scheme solution
(a)
Planning
(b)
Importance of planning:
(i)
By stating in advance how work is to be done
planning provides direction for action.
(ii)
Planning shows the way to deal with changes
and uncertain events by anticipating them and
developing managerial responses to deal with
them.
(iii)
Planning reduces overlapping and wasteful
activities. It helps in avoiding confusion and
misunderstanding by providing the basis for
coordination of activities, departments and
individuals.
(iv)
Planning promotes innovative ideas which can
take the shape of concrete plans.
(v)
Planning facilitates decision making by making
a choice from amongst various alternative
courses of action.
(vi)
Planning establishes standards for controlling
against which actual performance is measured.
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CBSE Class 12 Business Studies past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.