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Business Studies · 2024 · 4 marks
CBSE 2024 · Region 5 · Set 2 · Q27
(a) State any four points of importance of planning function of management.
(a)
State any four points of importance of planning function of
management.
OR
(b)
Explain the following types of plans:
(i)
Objective
(ii)
Programme
Marking-scheme solution
Importance of planning :
(i)
Planning provides directions by deciding in advance what action should be
taken.
(ii)
Planning reduces the risks of uncertainty by anticipating changes and
developing managerial responses to them.
(iii)
Planning reduces overlapping and wasteful activities by coordinating the
activities of different divisions.
(iv)
Planning promotes innovative ideas requiring application of mind and
foresight.
(v)
Planning facilitates decision making by making a choice from among the
alternative courses of action.
(vi)
Planning establishes standards against which actual performance is
measured.
OR
Q. (b) Explain the following types of plans:
(i)
Objective
(ii)
Programme
Objective
§ An objective is the end which the management seeks to achieve. It is set by
the top management and focuses on broad general issues.
§ An objective needs to be expressed in specific/ quantitative terms and is to
be achieved within a given time period.
Programme
§ Programme is a detailed statement about a project which outlines the
objectives, policies, procedures, rules, resources required and the budget to
implement any course of action.
§ The minutest details are worked out i.e., procedures, rules, budgets, within
the broad policy framework.
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CBSE Class 12 Business Studies past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.