This document contains 10 questions related to business planning concepts: 1. It asks to name a standing plan and define it. 2. It asks to identify the type of plan being referred to in a statement about organizational goals and environment, and provide reasons. 3. It asks to explain ad hoc plans. 4. It discusses the importance of rules in an organization with an example. 5. It asks to name a type of plan that is time bound and linked to a measurable outcome. 6. It asks to name a type of plan that provides prescribed ways to perform a task to achieve an objective. 7. It asks to identify the type of plan prepared by a finance manager with a statement

1. By
ABHISHIKTH SANDEEP ABRAHAM
M.Phil, M.Com, MA(Pub.Rel & Journl), MBA (HR),B.Ed, BCJ,
ICWAI(I), PGDT, PGDCMP, Dip.Tax, CDT, UGC-NET,APSLET,
(PhD),UGC-MAN Research Fellow Awardee in Devp. Studies

2. Abhishikth Sandeep .A.

3. RECPITULATION
Source: Business
Studies-Class 12,
CBSE.
R.K.Singla. VK
Publications

4. 1. Name any one standing plan and define it.
2. “Planning is undertaken to achieve organizational goals. in the context of its
environment” –Which type of plan is being talked about? Give reasons in support of
your answer.
3. Explain Adhoc Plans.
4. Explain the importance of Rule in an organization, with a suitable example.
5. Name the type of plan which is time bound and linked to a measurable outcome.
6. Name the type of plan which provides the prescribed ways in which a task has to be
performed with respect to an objective
7. The finance manager of a company has prepared the statement of proposed expenditure
for the ensuing financial year to be presented before the Annual General Meeting.
Identify the type of plan.
8. Define Policy.
9. Differentiate between Policy & Procedure
10. Differentiate between Method & Budget
Abhishikth Sandeep .A.