ASSIGNMENT ON BUSINESS PLANNING AND CONTROL

Question no-1 December, 2005

Planning is an important business process and can be critical to an organisation’s success.

Required:
(a) Give two reasons why business planning is important to managers in organisations. (4 marks)
(b) Explain two main differences between strategic planning and tactical planning. (4 marks)
(c) Identify and briefly describe four elements that you might expect to see in an organisation’s human
resource plan. (12 marks) (20 marks)

Question no-2 December, 2008

Explain the role of coordination in an organisation’s strategic planning process. (12 marks)

Question no-3 June, 2009

Explain the purpose of business planning and outline the objectives and key decisions relevant to the
three levels of planning within an organisation.
(14 marks)

Question no-4 June, 2010

(a) Define the term human resource planning. (2 marks)
(b) Identify and describe the four key stages of a human resource plan. (12 marks)
(14 marks)

Multiple Choice Questions

1. Which of the following are examples of weak financial control procedure?
a. Suppliers not being paid on time
b. Failure to produce accounts or other reports at the specified time.
c. Excessive bad or doubtful debts
d. Unauthorised purchased being made.
2. Read the definition and match it to the correct planning tool.
________________ are general statements which provide guidelines for management decision making
a. Systems
b. Policies
c. Procedures
3. Financial control procedures exist specifically to ensure that:
a. The assets of the business are safeguarded
b. The owners of the business can make regular drawings
c. HM Revenue and Customs ma audit any tax returns make
d. Financial transaction are properly carried out.
4. Resource planning includes estimates of requirement with regard to ;
a. Finance
b. Personnel
c. Environment
d. Strategy
5. Long term plans may sometimes conflict with short term plans
a. True
b. False