Types of Plans

Q.

Distinguish between Policy and Programme.

Q.

_______ guides for decision making.

1. Procedure

2. Policy

3. Rule

4. Method

Q.

Which of the following statements is not true with reference to planning?

1. Planning enables a manager to look ahead and anticipate changes.

2. Planning does not lead to rigidity.

3. Planning is a prerequisite for controlling.

4. Planning facilitates coordination among departments and individuals in the organisation

Q.

Give the meaning of 'procedure' and 'rule' as types of plans.

Q. decides the future course of action for an organisation.

1. Planning
2. Organising
3. Staffing
4. Directing

Q.

Business people have the skills to solve

1. All social problems
   

2. Some social problems
   

3. No social problems
   

4. 
   All economic problems

Q. Ais a comprehensive plan to achieve organisational objectives.

1. Policy
2. Rule
3. Objective
4. Procedure

Q. plans are developed for a one-time event or project.

1. Development
2. Single use
3. Standing

Q.

Mc Donald company does not give its franchise to other company. It is ___ plan.

Q. plan quantifies future facts and figure.

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

Q. step of planning process includes reviewing implemented plan.

1. Select alternative
2. Follow up action
3. Implement the plan
4. Developing premises

Q.

In Chak De movie, Shahrukh Khan becomes the coach of the girl's hockey team. He knows that he has to prepare the girls for the international hockey matches and win the cup. For this, he prepares a long-term plan and thinks of ways of how to beat the opponent team. He coaches the girls to play in different ways like defensive, offensive etc. At the outset of the match, he explains who will open the match and how the ball will be passed by one player to another step by step. Identify the types of plan mentioned.

1. Objective

2. Strategy

3. Procedure

4. Method

Q.

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

1. Policies

2. Objectives

3. Programmes

4. Procedures

Q.

'Planning looks ahead and controlling looks back'. Comment.

Q.

Which of the following department has a major interest in harmonious industrial relations Find the Answer at BYJUS

1. Human Resource Department.

2. Production Department.

3. Finance Department.

4. Marketing Department.

Q. plans are used for activities that occur regularly over a period of time.

1. Strategical
2. Single use
3. Standing
4. Development

Q. Explain briefly 'Unity of Direction' and 'Order' as principles of general management.

Q. Rule is a statement which informs what is to be done and what not to be done.

1. General
2. Detailed
3. Specific
4. Regular

Q.

After completing her studies in product design, Sarita wishes to start her own business to design products to cater to the mobility and communication requirements of persons with special needs. She told her friend that she wanted to focus on supplying high-quality products at affordable prices. The Unique Selling Proposition of the products would be sensitivity to the challenges and needs of the differently abled people. She wants to employ only differently abled persons in her factor and sales offices across the country. This decision of Sarita provides the base for interpreting her strategy. This also defines the broad parameters within which the company may recruit the persons. Sarita has also to decide about the exact manner and the chronological order oh how the selection of the differently abled applicants will be done. In the above lines. Sarita is discussing about one of the functions of management. This function has several types.

1. Policy

2. Procedure

3. Budget

4. Strategy

Q.

'These plans are formulated at a top level, defines the future decisions regarding the organisations direction and scope in the long-run'. Identify the type of plan and discuss it briefly.

Q.

___ plan provides the basis for interpreting the strategy.

Q. can be defined as an organisation's general response to a particular problem or situation.

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

Q.

Some plans are used repeatedly in similar situations is known as ___ .

Q.

Rani Chemicals Ltd., a soap manufacturing company wanted to increase its market share from 30% to 50% in the long run. A recent report submitted by the Research & Development Department of the company had predicted a growing trend of herbal and organic products. On the basis of this report, the company decided to diversify into a new variety of soaps with natural ingredients having benefits and fragrances of Jasmine, Rose, Lavender, Mogra, Lemon Grass etc. The Unique Selling Proposition (USP) was to promote eco-friendly living in the contemporary lifestyle. The company decided to allocate Rs.30 crores to achieve the objective. Identify the type of the functions of management mentioned above which will help the company to acquire a dominant position in the market.

1. Objectives

2. Budget

3. Strategy

4. Programme

Q.

What is the turnover criteria for MSME?

Q.

Santo Ltd. has to develop its organisational, plan for the current year and for this purpose they hire professional consultants from the United States. These consultants incurred a lot of money in a collection of facts, figures, surveys, etc., including the salaries of the consultants. This whole process of planning has already proved to be a very costly affair and the eventual total cost may exceed the gains expected from the plan. In addition, the top management did not involve a middle and supervisory level of management during the planning process. These two levels of management are neither allowed to deviate from their plans nor are they permitted to act on their own. They keep thinking along the same lines as others so that nothing new or innovative gets added to the process.

(i) Should Santo Ltd, continue with existing planning with consultants from the United States? Explain with reasons. Also explain, which limitation of planning is reflected in this case?

(ii) Which limitation of planning is reflected when top management does not involve a middle and supervisory level of management during the planning process the above case? What remedial steps can Santo Ltd., take to overcome this limitation?

Q. 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.

Questions

1. 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.
2. Identify the limitations of such plans.
3. How will you seek to remove these limitations?

Q. Explain the following Principles of management as advocated by Henry Fayol:-
Discipline

Q.

"These plans are formulated at the top level, defines the future decisions regarding the organisations direction and scope in the long-run'. This is ___ plan.

Q.

Bhavan Ltd. is a garment manufacturing company, the company regularly scan the business environment and constantly adapts itself to the changes in the environment. With all these efforts also it became difficult for the company to foresee future trends. Competition in the market effects the financial plan of the company, sales targets have to revise which in turn effect the cash budget. Identify the types of plans in the paragraph.

1. Budget

2. Method

3. Policy

4. Strategy