Planning
CBSE Class 12
Business Studies
Q & A
Q1(CBSE 2012): Name the type of plan which is time bound and linked with a measurable outcome.
Answer: Objective/ Budget.
Q2(CBSE 2010): Name the type of plan which is in the form of general statements and channelise energies towards a particular direction.
Answer: Policies are a general statement that guides thinking or channelize energies towards a particular direction.
Q3: Which type of plan has the least flexibility and why?
Answer: Rules are enforced sternly and strictly. As such there are no exception or deviations that are allowed. For rules, the managers have no scope for the discretion.