Page 3 - Home Assignment 2
P. 3
(4 Marks)
Q.1 Explain “Objective” and “Policy” as types of plan using suitable examples.
Q.2 Differentiate between standing plans and single use plans.
(5 Marks)
Q.1 'Planning is a continuous process'. State and explain the various steps of the planning
process.
Q.2 Differentiate between the followings
a. Methods and Procedures
b. Policy and rules
c. Programme and Strategy
(6 marks)
Q.1 Two years ago Nishant, completed her degree in Textile Engineering. He worked for
sometime in a company manufacturing readymade garments. He was not happy in the
company and decided to have her own readymade garments manufacturing unit. He set the
objectives and the targets and formulate action plan to achieve the same. One of his
objectives was to earn 80% profit on the amount invested in the first year. It was decided that
raw materials like cloth, thread, buttons etc. will be purchased on the month’s credit. He also
decided to follow the steps required for marketing of the products through his own outlets. He
appointed Ritesh as a Production Manager, who decides the exact manner in which the
production activities are to be carried out. Ritesh also prepared a statement showing the
requirement of workers in the factory throughout the year. Nishant informed Ritesh about
