CBSE Class 12 Business Studies Planning Assignment

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Assignment for Class 12 Business Studies Chapter 4 Planning

Class 12 Business Studies students should refer to the following printable assignment in Pdf for Chapter 4 Planning in Class 12. This test paper with questions and answers for Class 12 Business Studies will be very useful for exams and help you to score good marks

Chapter 4 Planning Class 12 Business Studies Assignment

Concept-

Planning is deciding in advance what to do, how to do it, when to do it and who is to do it. Planning bridges the gap from where we are to where we want to go. It is one of the basic managerial functions. Planning involves setting objectives and developing appropriate courses of action to achieve these objectives. Thus it in closely connected with creativity and innovation.

Importance of Planning :-

1. Planning provides directions : By Stating in advance how work to be done planning provides direction for action. If there was no planning, employees would be working in different direction and the organisation would not be able to achieve its goods efficiently.

2. Planning reduces the risk of uncertainty :- Planning is an activity which enables a manager to look ahead, anticipate change, consider the impact of change and develop appropriate responses.

3. Planning reduces wasteful activities :- Planning serves as the basis of coordinating the activities and efforts of different departments and individuals useless and redundant activities are minimised.

4. Planning promotes innovative ideas : Planning is the first function of management : Managers get the opportunity to develop new ideas and new ideas can take the shape of concrete plans.

5. Planning facilities decision making : Under planning targets are laid down. The manager has to evaluate each alternative and select the most viable proposition.

6. Planning establishes standards for controlling :- Planning provides the standards against which the actual performance can be measured and evaluated. Control is blind without planning. Thus planning provides the basis for control.

 

Features of Planning :-

1. Planning focuses on achieving object ives :- Planning function of management starts with determination of objectives. Once the objectives are set up, the next step is to determine the step that are to be followed to achieve these objectives.

2. Planning is the primary function of management : - Planning precedes organising, directing and controlling. It serves as the basis of all other function of management.

3. Planning is pervasive : Planning is required in all types of organisations and at all levels of management as well as in all departments of the organisation.

4. Planning is continuous :- Planning continues as a continuous process which an organisation has to undertake till its existence.

5. Planning is futuristic : Planning is deciding in the present what to do in the future. It is never done for past.

6. Planning is a mental exercise : Planning requires application of the mind involving creative thinking and imagination, therefore this is a mental exercise :

Limitations of Planning

1. Planning leads to rigidity : A well defined plan is drawn up with specific goals to be achieved within a specific time frame. A plan decide in advance the future course of action. This kind of rigidity in plan may create difficulty.

2. Planning may not work in a dynamic environment :- The business environment is dynamic, nothing is constant. Every organisation has to constantly adapt itself to the changes in business environment.

3. Planning reduces creativity : Planning is an activity which is done by the top management therefore it reduced other level creativity.

4. Planning involves huge costs : When plans are drawn up, huge cost involved in their formulation.

5. Planning is time consuming : Sometime plans to be drawn up take so much of time that there is not much time left for their implementation.

6. Planning does not guarantee success

Planning Process :-

1. Setting Objectives : The first and foremost step is setting objective.
Objective may be set for the entire organisation and each department.

2. Developing premises : Planning premises are the assumptions about the likely shape of events of future. It forecasts the abstacles, problems or limitations in the path of the effective planning because of which the plans may deviate, planning premises supply relevant facts & information relating to future.

3. Identifying alternative courses of action :- Once objective are set and premises are developed. Then the next step would be to act upon them.
All the alternative courses of action should be identified.

4. Evaluating alternative Courses : The next step is to be weight pros and cons of each alternative. Each course will have many variables which have to be weighted against each other.

5. Selecting an alternative :- After comparison and evaluation the best alternative is chosen for reaching organisation objectives.

6. Implement the plan : Once the plan are developed they are put into action.

7. Follow to action : To see whether plans are being implemented, activities are performed according to schedule.

Types of Plan :-

1. Objective : Objectives can be said to be the desired future position that the management would like to reach.

2. Strategy : A strategy refers to future decision defining the organisation s direction and scope in the long run.

3. Policy : Policies are general statements that guide thinking or channelise energies towards a particular direction. We don t sell on Credit is the example of sales policy.

4. Procedure : Procedures are routine steps on how to carry out activities.

5. Rule : Rules are specific statement that tell what is to be done. For example No Smoking is a rule.

6. Programmes :- Programmes are the combination of goals, policies and rules. All these plans together form a programme.

7. Single use plan : Plan made to be used only one time or at most, couple of times because they focus on unique or rare situations within the organisation eg. program, budget.

8. Standing plan : Standing plan are often policies, procedure and program developed to ensure the inernal operation of a given business are operating smoothly. They other developed onces & then modified to suit the business needs requirements.

9. Budgets : A budget is a statement of expected result expressed in numerical terms for a definite period of time in the future.

10. Method : Methods are standardised ways or manner in which a task has to be performed considering the objectives.ģ

MCQs for NCERT Class 12 Business Studies Planning 

Question. A.co.is manufacturing garments. The manager wants to increase profits by purchasing new high speed machines or increasing the sale price or using waste materials in manufacturing stuffed toys. He decided that “using waste material” is the best solution for him.
Identify the concept of management involved
a. directing
b. coordination
c. planning.
d. organising

Answer :   C

Question. “The basis of promotion of employees will be age.” With which policy is this statement related?
(a) Personnel
(b) Sale
(c) Pricing
(d) None of these

Answer :   A

Question. Which out of the following policies will you recommend?
(a) Strict
(b) Lenient
(c) Both (a) and (b)
(d) None of these

Answer :   C

Question. Punishment can be awarded for not following a particular element of planning.
Name the element.
(a) Procedure
(b) Policy
(c) Rule
(d) Programme

Answer :  C

Question. Koohinoor foods ltd. has banned smoking in factory premises. identify the plan
a. strategy.
b. programme.
c. method.
d. rules
Answer :  D

Question. “In case the debts are not paid within a month interest at a definite rate will be levied.” To what element of planning does this saying point out?
(a) Policy
(b) Rule
(c) Procedure
(d) Budget

Answer :  B

Question. One of the following is not an importance of planning
a) Provides direction
b) Promotes innovation
c) Primary function
d) Establishes standards

Answer: C

Question. ‘Objectives of an enterprise play a vital role’. These should be
a) Expressed in measurable terms
b) Written statements
c) Issued by top management
d) All the above.

Answer: D

Question. A plan stating all expenses, revenue and income for a specified period is called:
a) Cost Sheet
b) Cash Statement
c) Budget
d) Profit & Loss Account

Answer: C

Question. What the manager have to apply for selecting the best possible course of action
(a)Algebra
(b) calculus
(c) Permutations and combinations
(d) luck

Answer: C

Question. Planning establish base or standard for
(a) Organising
(b) Staffing
(c) Directing
(d) Controlling

Answer :  B

Question. Which of the following is not an importance of planning?
(a) Planning provides direction
(b) Planning promotes innovative ideas
(c) Planning reduces the risk of uncertainties
(d) Planning leads to rigidity

Answer :  D

Question. When can the planning process be ignored?
(a) In ordinary situation
(b) In case of emergency
(c) Both the above
(d) In no situation

Answer :   B

Question. Which of the following is not a feature of planning?
(a) Primary Function
(b) Pervasive
(c) Arranging resources
(d) mental exercise

Answer :  C

Question. Which of the following is not a limitation of planning?
(a) Planning reduces creativity
(b) Planning does not give guarantee success
(c) Planning is a time consuming process
(d) Planning provides direction

Answer :  D

Question. At what managerial level planning is needed?
(a) Top Level
(b) Middle Level
(c) Lower Level
(d) All the levels

Answer :  D

Question. Which of the following steps in the process of planning states that the managers are required to make some assumptions about the future?
a. Setting objectives
b. Developing premises
c. Identifying the alternative course of action
d. Implementation of plan

Answer : B

Question. Arrange the following in correct sequential order.
i. Identifying alternatives
ii. Selecting an alternative
iii. Setting up of objectives
iv. Implementation of plan
v. Developing premises
vi. Evaluating the alternatives
vii. Follow up action
a. (i) (iii) (ii) (vi) (v) (iv) (vii)
b. (iii) (v) (i) (vi) (ii) (iv) (vii)
c. (iii) (i) (ii) (vi) (v) (iv) (vii)
d. (iii) (v) (i) (vi) (ii) (vii) (iv)

Answer : B

Question. Mr Kush Garg is working against the post of C.E.O. in ‘Lav Udyog Ltd.’ He called a meeting of the top-level officials. In the meeting, important decisions regarding the employees’ training were taken, which were as follows: For the employees working at the supervisory level, on-the job training shall be followed; but for the top-level and middle-level employees, seminars and lectures shall be organised. To which ‘type of plan’ the decisions taken by Mr Garg are related in the above event?
(a) Procedure
(b) Strategy
(c) Method
(d) Rule

Answer : C

Question. Changes and events cannot be eliminated but can be anticipated and managerial response to them can be developed. Which importance of planning is highlighted in the above statement.
a. Planning provides direction
b. Planning reduces overlapping and wasteful activities
c. Planning reduces the risk of uncertainty
d. It facilitates decision making

Answer : C

Question. ‘Hitkari Products Pvt. Ltd.’ is a well-known company of its own type of industry. Today, the company’s position is this that if by the name of ‘Hitkari’ it launches any product in the market, the possibility of its success is 100%. Keeping in mind the fame of its brand, the company decided for the increase in its sales by 20%. The company has full belief that its decision will turn out to be 100% correct. The information of this decision was communicated to all the concerned officials, so that they should plan their activities on the basis of this decision. Identify the ‘type of planning’ conveyed by the above event.
(a) Objective
(b) Strategy
(c) Policy
(d) Budget

Answer : A

Question. ‘All-in-one Ltd.’ is such a company as makes available goods and services of all types to the customers at cheap rates. It is the first company of its own type, which established it five years ago. The company, first of all, began its business in the North India. For the people of this region, it proved to be a blessing. Getting influenced by its success, now several companies of this type have got established. The business environment is completely in favour of this company. Taking advantage of this fact, the company laid down its objective of leadership to be established in the market. For the achievement of this objective, along with the North India, the company has decided to open its office in the South India also. Hence, the company is going to expand its business. To which type of plan is the above event related?
(a) Strategy
(b) Policy
(c) Procedure
(d) Method

Answer : A

 

Source Based/ Case Study Based Questions

Question. Suhasini, a home science graduate from a reputed college, has recently done a cookery course. She wished to start her own venture with a goal to provide health food‘ at reasonable prices. She discussed her idea with her teacher (mentor) who encouraged her. After analysing various options for starting her business venture, they short listed the option to sell readymade and ready to make‘ vegetable shakes and sattu milk shakes. Then, they weighed the pros and cons of both the short listed options.
1. Name the function of management being discussed above.
2. Also briefly discuss any two limitations of the function discussed in the case.
Answer : 
1. Planning
2. The limitations of planning are described below:
(a) Planning may not work in a dynamic environment: The business environment is dynamic in nature. Every organisation has to constantly adapt itself to changes in its environment in order to survive and grow. However, it is difficult to anticipate all the likely future changes in the environment with utmost accuracy. Hence, even with planning, everything cannot be foreseen.
(b) Planning reduces creativity: The top management undertakes planning of various activities whereas the other members are expected to merely implement these plans. This restricts the creativity of the middle level managers as they are neither allowed to deviate from plans nor are they permitted to act on their own.

Question. On the introduction of ‘Goods and Services Tax Act’, experts in the field of business started analysing and forecasting its impact on various sectors and industries. Arun, an established businessman, attended a few seminars and conferences organised by such experts to familiarize himself with this information. He wanted to use these forecast and conjectures to reduce the uncertainty in making decisions for the future in his business.
Name and explain the step in the planning process that is being discussed in the above paragraph.
Answer : 
Developing Premises. Planning is done for the future which is uncertain, certain assumptions are made about the future environment. These assumptions are known as planning premises.

Question. ABC Ltd. announced a plan nobody would smoke in the organization premises and they further added that certain penalty will be imposed on employees, overlooking this.
(i) Name and explain the type of plan related to above para.
(ii) Name the feature of that plan.

Answer : (i) ‘Rule’ is the type of plan. Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion.
(ii) Rules are very rigid.

Question. ABC Ltd. has a plan of increasing profits by 20%. It has devoted a lot of time and money to this plan. But the competition starts increasing, so it could not change its plan to b eat its competitors because huge amount of money had already been devoted to the pre-decided plan. It caused losses to the company.
Explain any two limitations of planning highlighted in the above case. Also, quote the lines from it.
Answer : 
‘ABC Ltd. has devoted a lot of time and money to its plan.’
Planning is a time consuming process. It also involves huge costs.
‘The competition starts increasing, so it could not change its plan to beat its competitors because huge amount of money had already been devoted to the pre-decided plan.’
Planning leads to rigidity. Following a pre-decided plan, when circumstances change, may not turn out to be in the organization’s interest.

Question. Super Fine Rice Ltd. has the largest share of 55% in the market. The company‘s policy is to sell only for cash. In 2015, for the first time company‘s number one position in the industry has been threatened because other companies started selling rice on credit also. But the managers of Super Fine Rice Ltd. continued to rely on it‘s previously tried and tested successful plans which didnot work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd.
The above situation is indicating three limitations of planning which led to decline in it sales. Identify these limitations.
Answer : 
1. Planning may not work in dynamic environment.
2. Planning involves huge costs.

MCQs for NCERT Class 12 Business Studies Planning 

Question .”Swachha Bharat Abhiyan” started by government of India is an example of which type of plan.
a.strategy.
b.rules.
c.procedure.
d.programme
Answer :  D

Question. Planning is ________ .
(a) Flexible
(b) Stable
(c) Rigid
(d) None of these
Answer :  A

Question. Planning is the ________ function of management.
(a) First
(b) Second
(c) Third
(d) Fourth

Answer :  A

Question. ________ is the essence of Planning.
(a) Organising
(b) Controlling
(c) Forecasting
(d) Directing

Answer :  C

Question. Planning results in decreasing ________ .
(a) Coordination
(b) Proper use of resource
(c) Future uncertainties
(d) Control

Answer : C

Question. ________ gives a complete detail of doing a particular activity.
(a) Procedure
(b) Budget
(c) Programme
(d) Method

Answer :   D

Question. What out of the following is the example of objective?
(a) Raising sales upto ™5000 crore
(b) Giving employment to 1000 people
(c) Raising income by 3%
(d) All of these

Answer :   D

Question. One of the following is a limitation of planning:
a) Pervasive
b) Futuristic
c) Continuous
d) Rigidity
Answer: D

Question. A manager is required to make certain assumptions about the future which may be in the form of forecasts. This step in planning process is known as
a) Setting of objectives
b) Identifying alternative courses of action
c)Follow up action
d) Developing premises

Answer D

Question. In response to general increase in demand for 4G mobile phones, a company decides to modernize its plant to produce them. This is an example of which type of plan.
a) Policy
b) Strategy
c) Programme
d) Objective

Answer D

Question. A company plans to help government to immunize children against polio. Which type of plan is it?
a) Objective
b) Strategy
c) Programme
d) Policy

Answer C

Question. Planning is a
a) Continuous process
b) Intellectual process
c) Managerial process
d) Tangible process

Answer D

 

True or False

1. Make or Buy decision is an example of Rule in an organisation. False
a. If there is planning, employees would be working in different direction and the organization would be able to achieve its desired goals. False
2. Planning tells us where to go, it provides direction and reduces the risk of uncertainty by preparing forecasts.  True
3. If goals are well defined departments and individuals in the organization are able to work in coordination.  True
4. Changes or events can be eliminated and they can be anticipated, hence managerial responses to them not required. False
5. Directing serves as the basis of coordinating the activities and efforts of different divisions, departments and individuals. False
6. Organising helps the manager to look into the future. False
7. Directing involves setting targets and predicting future conditions.  False
8. Planning provides the goals or standards against which actual performance is measured. True
9. Planning is a prerequisite for controlling. True
10. Planning provides the basis of control. True
11. The ideal plan, of course, would be the most feasible, profitable and with least negative consequences True
12. Monitoring the plans is equally important to ensure that objectives are achieved True
13. The manager is required to make certain assumptions about the future, known as Planning Premises True
14. Planning does not involve huge amount of funds False
15. After setting objectives, the next step of planning process is Evaluating alternative courses    False
16. Objectives may be set for the entire organization and each department or unit within the organization True
17. If there is a plan to increase production then more labour, more machinery will not be required   False
18. Implementing the plan means putting the plan into action True
19. Planning strangulates the initiative of the employees and compels them to work in an inflexible manner  True
20. Planning premises means systemic and logical estimate for the future factors affecting planning True

(I.) One Markers:

Question. How does planning provide direction?
Answer: (a) Planning is goal oriented.
(b) Continuous process.
(c ) Pervasive function.

Question. The planning function of management is conducted at which level of management ?
Answer: At all Three Levels.

Question. One of the functions of management is considered as a base for all other functions. Name that Function.
Answer: Planning.

Question. Planning strangulates the initiative of the employees and compels them to work in an inflexible manner” Discuss.
Answer: Planning reduces creativity.

Question. Which limitation of planning suggest that the employees stop thinking and become the blind followers of Plan?
Answer: Planning reduce creativity.

Question. A company needs a detailed plan for its new project- construction of shopping mall. What type of plan is it ?
Answer: Programme.

Question. In which type of plan the sequence to perform a job is determined?
Answer: Procedure.

Question. Which plans suggest action and non action of employees?
Answer: Rules

Question. “No Smoking : the statement is related to which type of plan?
Answer: Rule.

Question. Mc Donald does not give its franchise to any other company which is running food business. This is related to which type of plan.
Answer: Policy.

Question. Name the type of plan which serve as a guide for overall business planning and define the future state of affair which the organization strive to realize?
Answer: Objectives.

Question. In which step of planning process the planners make prediction and assumptions regarding future?
Answer: Setting up of planning premises for all the alternatives.

Question. How should a manager select the best possible course of action?
Answer: Manager should apply permutation and combination.

Question. Without one function of management the controlling function is not possible.
Name the concerned function.
Answer: Planning.

Question. Planning is an activity which enables a manager to look ahead and anticipate changes. Mention the benefit of planning highlighted here.
Answer: Planning reduces the risks of uncertainty.

Question. Planning ensures clarity in thoughts and actions, works is carried on smoothly without interruptions .Which importance of planning is mentioned here?
Answer: Planning reduces overlapping and wasteful activities.

Question. It helps the manager to look into future and make a choice abount various alternative courses of action enumerate the importance of planning indicated here.
Answer: Planning facilitates decision –making.

Question. Planning lays down the base for other functions of management which feature of planning is highlighted here?
Answer: Planning is a primary function of management.

Question. A plan is framed it is implemented and is followed by another plan and so on.
Mention the feature of planning indicate here?
Answer: Planning is continuous process.

Question. Which features of Planning is stressed by saying that planning is an intellectual activity of thinking rather than doing?
Answer: Planning is a mental exercise .

Question. Which type of plan is least flexible and why.
Answer: Rule
Because they reflect a managerial decision that an action must / must not be taken.

(II.) Three/Four Markers:

Question. Planning involves decision making". Explain.
Answer: Planning is essentially a process of making choice from among various alternatives. There will be no need for planning, if there is only one course of action, because there will be no choice. Hence need for planning depends on the availability of alternatives. A manager, after examining and evaluating the various alternatives, chooses the most appropriate one.

Question. 'Planning reduces creativity'. How?
Answer: Usually in an organisation, planning function is performed by the top management and the rest of the members are required to implement these plans. As a result, middle management and other members are neither allowed to deviate from plans nor are they granted authority to act on their own. Hence most of the initiative and creativity in them gets reduced.

Question. 'Planning does not guarantee success'. Comment
Answer: An organisation is successful only when the plans are effectively drawn and implemented.
A plan must be converted into action otherwise it becomes meaningless.
Generally, it is seen that managers are in the habit of depending on previously tried and tested successful plans. But this practice sometimes does not work and may actually lead to failure instead of success.

(III.) Five/Six Markers:

Question. Enumerate the steps involved in the planning process.
Answer: Steps of planning are as follows:
(i) Setting up of objectives
(ii) Developing premises.
(iii) Identifying alternative courses of action.
(iv) Evaluating alternative courses
(v) Selecting an alternative.
(vi) Implementation of plan.
(vii) Follow up

Question. Explain the limitations of planning.
Answer:
Limitations of Planning :
1.Planning leads to rigidity.
2.involves huge costs.
3. reduces creativity
4.does not work in dynamic environment.
5.time consuming

Question. Explain any 6 features of Planning.
Answer:
1. Planning provides direction
2. Primacy of Planning
3. Planning is pervasive
4. Planning is flexible/ works in a changing environment
5. Planning is a continous process
6. Planning is futuristic
7. Planning involves choice/decision making
8. Planning is mental exercise
Types of plans:
(A) Standing or Repeatedly used Plans: As their name indicates that these plans are formulated once and they are repeatedly used. These plans continuously guide the managers. That is why it is said that a standing plan is a standing guide to recurring problems. These plans include :
1. Objectives
2. Strategies
3. Policies
4. ocedures
5. Methods and
6. Rules
(B)Single – use or Special or Adhoc Plans: These plans are connected with some special problem. These plans end the moment the problems are solved. After having been used once there is no importance of these plans and in future, whenever they are needed they are re-created. These plans include
1. Budget and
2. Programme.
Differences between Standing and Single-use Plans

Basis Standing Plans Single-use Plans
1. Period These plans are formulated for a long period These plans are for a short period and are repeatedly formulated in case of need.
2. Object These plans are formulated to
bring uniformity in decisions
These plans are designed to run successfully some particular activities
3.Types They are of six types i. Objectives ii. Strategies iii. Policies iv.
Procedures v. Methods and vi. Rules
They are of two types i. Budgets and ii. Programmes
4. Scope particular matters like price policy and sales policy These plans guide in matters of daily routine.
5. Basis They are based on the main objectives of the organisation They are based on the standing plans of the organisation.

1) Objectives - Are the ends which the management seeks to achieve by its
operation.
• Represent the end point of management.
• Set by top management.
• Defines the future state of affairs.
• Guides the overall business planning.
• Can be expressed in specific terms. They can be measured.
2) Strategy - Provides broad shape of organization’s business, refers to the future decisions defining the organization’s directions and scope in the long run.
• It involves a comprehensive plan which covers the determination of long term objectives, adoption of a particular course of action and allocation of resources.
3) Policies - are general statements which guide thinking in decision making.
• They are based on objectives.
• They guide managerial action and decisions.
• They exist at all levels and departments of the organization.
4) Procedures - Are a chronological sequence of routine steps on how to carry an activity.
They detail the exact manner in which the work is to be performed.
• It is meant for the insiders to follow.
• Policies and procedures are interlinked.
5) Rules - Are specific statements that inform what is to be done.
• Reflects managerial decision.
• Simplest plan.
• They are to be enforced rigidly.
6) Methods - Are standardized ways or manners in which a task has to
beperformed considering the objectives.
• Selection of a proper method saves time, money and effort.
7) Programmes - Detailed statements which are combination of goals, policies, procedures, rules tasks, human and physical resources required and the budget to implement any course of action.. All these plans together form a programme.
8) Budget - Is a statement of expected results expressed in numerical terms for adefinite period of time in the future.
• It quantifies future facts and figures.
• Serves as a standard for measuring actual performance.
• It is prepared for various groups of activities.

Case study question

An auto company, C Ltd. is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower priced models for mass consumers who are price sensitive. For quality conscious consumers, the company is introducing new models with added features and new technological advancements.

Question. Prepare a model business plan for C Ltd. to meet the existing challenge. You need not be very specific about quantitative parameters. You may specify which type of plan you are preparing.
Answer: C Ltd can make use of ‘strategy’ as a type of plan. The various steps involved in preparing this plan are:
(a) The company should set up its objectives after considering quality expectations of consumers and technological changes.
(b) Like it’s rival, it can cut down its prices without compromising the quality.
(c) It may use sales promotional tools like full finance and rebate to capture the market share again.

Question. Identify the limitations of such plan.
Answer: The limitations of such plan are:
(a) It is a costly process.
(b) It is a time consuming process.
(c) It may not work in a dynamic environment.
(d) It may lead to rigidity in operations.

Question. How will you seek to remove these limitations?
Answer: (a) An organisation can keep a strict watch on time limit to achieve the target.
(b) Amount to be spent should be pre-planned by preparing budgets.
(c) Environment should be properly scanned to minimise the risk of competition.
(d) Plan should be flexible, so that there is a scope for initiative and creativity.

Value Based Questions

Question. Which quality of employee is restricted by the act of planning?
Answer:
i) Stability in prices
ii) Regular Supply of Goods
iii) Fulfilling social responsibility
iv) Control on hoarding & Black- Marketing

Question. Removal of mobile towers from residential area is being planned by the government to promote which value?
Answer:
i) Reduction in social responsibilities due to non-cooperation in social work.
ii) Increase in production due to efficient employees
iii) Deterioration in Health of employees due to prolonged working hours.
iv) Reduction in employment opportunities for local persons
v) Increase in salary will increase social respect/standard of living

Question. Government is planning to construct a ware house in remote area to store necessary goods.
So as to make them available even at the time of bad weather regularly. Which values are being considered here to be achieved by the government?
Answer:
i) Bad effect on students health.
ii) Deprivation of Morality.
iii) Instigation of social evil.

Question. In order to reduce the cost, an organization is planning the following:
a) To reduce the charities to the social and religious institution.
b) To arrange skilled workers from outside inspite of semi-skilled local employees.
c) To increase the working hours.
d) To increase the rate of remuneration.
Which value will be affected by the decisions?
Answer:
i) Lack of Feeling of oneness in an organization.
ii) Lack of Manager’s faith in his employees.
iii) Wastage of time.

Question. Tobacco manufacturer is planning to sell its products outside the School & colleges. Whichvalues are violated here from your point of view?
Answer:
i) Women Empowerment.
ii) Promotion of equality.
iii) Making handicapped people independent.
iv)Increase of job opportunity with production.

Question. In an organization executive director takes all the decision himself. He does give order onlyto the subordinates. Which value is overlooked here?
Answer:
i) Ignorance of democratic values.
ii) Promotion of casteism.
iii) Violation of secularism.
iv) Narrow mindedness.
v) Non- Consideration of abilities.

CBSE Class 12 Business Studies Chapter 4 Planning Assignment

We hope you liked the above assignment for Chapter 4 Planning which has been designed as per the latest syllabus for Class 12 Business Studies released by CBSE. Students of Class 12 should download and practice the above Assignments for Class 12 Business Studies regularly. We have provided all types of questions like MCQs, short answer questions, objective questions and long answer questions in the Class 12 Business Studies practice sheet in Pdf. All questions have been designed for Business Studies by looking into the pattern of problems asked in previous year examinations. You can download all Revision notes for Class 12 Business Studies also absolutely free of cost. Lot of MCQ questions for Class 12 Business Studies have also been given in the worksheets and assignments for regular use. All study material for Class 12 Business Studies students have been given on studiestoday. We have also provided lot of Worksheets for Class 12 Business Studies which you can use to further make your self stronger in Business Studies.

Where can I download in PDF assignments for CBSE Class 12 Business Studies Chapter 4 Planning

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How many topics are covered in Chapter 4 Planning Business Studies assignments for Class 12

All topics given in Chapter 4 Planning Business Studies Class 12 Book for the current academic year have been covered in the given assignment

Is there any charge for this assignment for Chapter 4 Planning Business Studies Class 12

No, all Printable Assignments for Chapter 4 Planning Class 12 Business Studies have been given for free and can be downloaded in Pdf format

Are these assignments for Chapter 4 Planning Class 12 Business Studies designed as per CBSE curriculum?

Latest syllabus issued for current academic year by CBSE has been used to design assignments for Chapter 4 Planning Class 12

Are there solutions or answer keys for the Class 12 Business Studies Chapter 4 Planning assignments

Yes, we have provided detailed answers for all questions given in assignments for Chapter 4 Planning Class 12 Business Studies