C. B. Gupta solutions for कॉमर्स वॉल्यूम २ [इंग्रजी] इयत्ता १२ आयएससी chapter 8 - Planning [Latest edition]

A saree manufacturing firm is facing competition from new entrants. In order to face new entrants the manufacturer, Aditi, decided to add a new product line of “designer sarees” to attract customers of higher income group.

The step of planning which Aditi is performing is ______.

Which of the following statement/s is/are false?

1. Pros and cons of each alternative are weighed during the ‘Implementation of plan’ step of the planning process.
2. Once assumptions are made, Objectives are set.
3. Follow up action involves ‘doing what is required’.

Neeru is the owner of a cloth shop in the heart of the city. She had planned to open two more branches before the pandemic in bis state. The pandemic bas brought down the demand of clothes. All plans of Neeru regarding the opening of branches and sales targets have to be revised accordingly. These developments have made her really sad. Which limitation of planning is highlighted above?

Planning does not involve ______.

1. sound judgement
2. guess work
3. imagination
4. wishful thinking
5. forecasting

Which of the following information regarding ‘premises’ is not true?

1. They are assumptions
2. They must be the same for all
3. There must be total agreement on them
4. Managers can skip making them for future planning

Raghuvansh is a departmental head in a respectable organisation. He leads the manufacturing department. Every month a manufacturing plan is drawn in the organisation. These days he is busy monitoring the monthly plan in order to ensure that this month’s objective is achieved.

Which step of the planning process is highlighted in the above case?

The CEO of a large sized multinational company was once giving a lecture. In his lecture he told the top management that they should see the end result in a clear manner as only then it would become easier for them to work towards the goals.

Which step of planning process do you find indicated in his lecture?

“The need for planning arises only when alternatives are available.” The step of planning process that is being referred to in the above statement is ______.

The future plans of a company manufacturing and marketing smart mobile phones were based on the assumption that the demand for these phones will pick up in the medium to long term. Which important step in the Planning Process does this statement highlight?

Suhail is an energetic middle level manager. He tries to make best plans. For this he involves foresight and intelligent imagination. Within three years many of his projects have been very successful. His high success rate is due to his good plans. Which feature of Planning has been highlighted in the above case?

In an annual general meeting a company sets its targets for the year. The manufacturing department has decided to monitor and control the performance of the company so as to achieve the target of manufacturing 2.5 million units of the product. The survey done by the company has shown a number of cities in the north are showing increased demand for the product. In the above case identify the importance of planning:

Identify the correct sequence of steps involved in the planning process:

It is not always true that just because a plan has worked before it will work again. Identify the related limitation of planning.

All other managerial functions are performed within the framework of the plans drawn. identify the related feature of planning.

In which step of planning-process, pros and cons of each alternative is examined:

“The employees of Asha Creations are directed to strictly follow the plans fornrnlated by top management.” Identify the limitation of planning indicated in the given statement:

This function of management fills the gap between where we are and where we want to be. Identify the function.

They represent the end point of planning.

A strategy is a comprehensive plan which will not include this dimension.

They provide a basis for interpreting strategy, which is usually stated in general terms.

It helps to save time, money and effort, and increases efficiency.

It is a plan which quantifies future facts and figure.

According to the World Health Organization, 39% of adults are overweight. Consequently in the U.K., a sugar tax was introduced in 2018 on beverages containing more than 5% sugar to curb sugar intake. Identify the type of plan being described in the above lines.

According to the Economic Survey, insights from behavioural economics can be strategically utilised to create an aspirational agenda for social change - from BBBP (Beti Bachao Beti Padhao) to BADLAVL (Beti Aapki Dhan Lakshmi Aur Vijay Lakshmi); from Swachh Bharat to Sundar Bharat; from 'Give It Up' for the LPG subsidy to 'Think about the Subsidy' and from tax evasion to tax compliance. Identify the type of plan being described in the above lines.

The government has been doubling down on its efforts to switch to 100% electric vehicles. Many companies such as Tata Motors, Kinetic Motors, Maruti Suzuki and Hyundai Motors are all readying their EV models for a launch in order to support the plan. Identify the type of plan being described in the above lines.

The plan that involves the objectives, policies, procedures, rules, tasks, human and physical resources required and the budget to implement any course of action:

Which of the following are single use plans?

1. Budget
2. Programme
3. Policy
4. Method

Assertion (A): Planning seeks to bridge the gap between where we are and where we want to go.

Reason (R): It provides some standards against which actual performance is measured.

Assertion (A): A manager is not required to make certain assumptions about future in planning process.

Reason (R): Planning is concerned with future which is uncertain.

Assertion (A): Only good planning is a solution to all problems.

Reason (R): Planning provides the basis for control.

______ is the first and foremost function of management.

Sound planning is an essential condition for ______ management.

Planning is an ______ process that includes money, time and effort.

Planning does not guarantee success, ______ is required.

Effective management is management by ______.

______ is a plan that quantifies future facts and figures.

______ helps in making long-term plans.

TRUE OR FALSE

Unplanned actions are likely to lead to desirable consequences.

TRUE OR FALSE

Planning identifies the actions that would lead to the desired results quickly and economically.

TRUE OR FALSE

Budgets are qualitative statements indicating expected results and expenditure required to achieve the results.

TRUE OR FALSE

Strategy may be defined as a comprehensive and integrated plan which indicates the desired future of the organisation.

TRUE OR FALSE

Methods are unformalised and non-standardised ways of accomplishing repetitive and routine jobs.

Define ‘Planning’.

What is meant by primacy of planning?

Why is planning regarded as a pervasive function?

How does planning facilitate control?

“Planning is looking ahead”. Comment.

How does planning help in coordination?

What is psychlogocial barrier in planning?

Distinguish between tangible and intangible premises of planning.

State the external limitations of planning.

“Planning is a continuous process”. Comment.

Why planning is a mental exercise?

“Planning eliminates uncertainty”. Do you agree? Give reasons in support of your answer.

Define the term “objectives”.

What is a policy?

What is meant by a procedure?

Explain the term ‘budget’.

Answer in one sentence.

What is planning?

Explain any three features of ‘Planning.’

“Planning is beneficial to all”. In light of this statement, discuss the importance of planning.

‘Planning is not a guarantee of success.’ In this context, explain the limitations of Planning.

Explain the first two steps in the process of Planning.

“No enterprise can achieve its objectives without systematic planning”. Do you agree? Give reasons in support of your answer.

Though planning is an important function of management, it may not always give desired results. Justify this statement by explaining any four limitations of Planning.

Explain the following term with suitable examples:

Policy

Explain the following term with suitable examples:

Procedure

Explain the following term with suitable examples:

Rule

Explain the term ‘budget’.

Distinguish between the following:

Objective and Policy

Distinguish between the following:

Policy and Procedure

Distinguish between the following:

Procedure and Rule

Distinguish between the following:

Rule and Method

1. Quoting lines from the above paragraph identify and explain the different types of plans discussed.
2. With reference to types of plans, identify the following types of plans:
   1. A statement of expected results
   2. In-depth statement that outlines a company’s policies, rules, objectives, procedures, etc.
   3. The business environment is the main consideration while formulating this type of plan.

1. Identify the concept of management described in the paragraph given above.
2. “He explained special methods to the players for playing both offensive and defensive game.” Identify and define the type of plan.
3. “The coach warned all the players against misbehaving with any of the players of the opposite team, otherwise, they could be punished.” Identify and define the type of plan.
4. Distinguish between Strategy and Policy, as types of plans.

During the devastating earthquake in Gujarat, Bhavesh Parekh, a traditional clay craftsman, incurred heavy losses in the pottery business. News channels photographed his broken matkas and referred to them with the caption, “The poor man’s broken fridge”. An idea struck him to make a real fridge with the same cooling principle and after several tests of soil and fridge designs, he introduced the innovative ‘Claycool’ fridge in 2006. His company is growing at 15% annually. Bhavesh plans to spend ₹ 5 lakh on E-commerce advertising in the first quarter of the current financial year.

Quoting the line from the given case, identify and define the plan referred to in the above case study.

Amrita has a detailed statement of expected results in numerical terms. This plan is conveyed to the subordinates by her in a special meeting. Identify the type of plan.

What are the main aspects in the definition of planning?

“Planning is the basic function of management”. Explain.

How does planning provide direction? 

Do you think planning can work in a changing environment?

“Planning restricts creativity”. Explain in about 60 words.

Distinguish between the following:

Policy and Procedure

Distinguish between policy and rule.

Distinguish between the following:

Rule and Method

If planning involves working out details for the future, why does it not ensure success? 

What kind of strategic decisions are taken by business organisations?

“Planning bridges the gap between where we are and where we want to go”. Explain.

Explain any three features of ‘Planning.’

Planning is of vital importance in the managerial process. Give any four reasons to support this statement.

State two advantages of planning.

“Planning is beneficial to all”. In light of this statement, discuss the importance of planning.

Explain the following as limitations of planning:

1. Planning leads to rigidity.
2. Planning may not work in a dynamic environment.

Explain the first two steps in the process of Planning.

Explain, in brief, the meaning of ‘goals’ as types of plans and give any four examples.

Explain, in brief, the meaning of 'objectives' as types of plans and give any four examples.

Name the type of plan in the following case.

Dhirubhai Ambani wished to make Reliance the biggest private sector company of India.

Name the type of plan in the following case.

Infosys plans to acquire several small firms to expand its business.

Name the type of plan in the following case.

ABC Ltd. always promotes employees on the basis of their work performance.

Name the type of plan in the following case.

XYZ Ltd. hires new recruits through tests and interviews.

Name the type of plan in the following case.

No employee is expected to smoke in the office premises in a company.

Name the type of plan in the following case.

Only graduates are recruited in Deepak Enterprises.

Name the type of plan in the following case.

Office phone should not be used for personal calls.

A company is not achieving its planned targets. What may be the reason?

Define ‘Planning’.

State any three limitations of planning.

Explain any three features of ‘Planning.’

What is a policy?

What is meant by a procedure?

Write the meaning of the following type of plan:

Method

State the Importance of Planning?

The type of plan considered as a guide to decision-making in repetitive situations is called ______.

A ______ is a comprehensive plan designed to implement the policies and accomplish the objectives of an organisation.

List any five features of planning as a function of management.

Though planning is an important function of management, it may not always give desired results. Justify this statement by explaining any four limitations of Planning.

Planning is of vital importance in the managerial process. Give any four reasons to support this statement.

Explain the first five steps involved in the process of Planning, as a function of Management.

Discuss any four features of Objectives, as a type of a Plan. 

‘Planning is not a guarantee of success.’ In this context, explain the limitations of Planning.

Write a short note on ‘programme as a type of plan’.

Explain any four features of a budget. 

Distinguish between method and procedure.

“Planning is beneficial to all”. In light of this statement, discuss the importance of planning.