CBSE Class 12 Business Studies sample paper 2024-25: question 28(A)
From the official CBSE sample question paper for 2024-25, section C, question 28(A), for 4 marks. Try it first; the hints and our step-by-step solution are below.
Q28(A) · 4 marks · Long answerControlling
Explain how Planning and controlling are both backward looking, as well as forward looking functions.
Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2024-25.
Hints
Open one hint at a time and try again before the next.
Hint 1
Which function is usually called a post-mortem?
Hint 2
What do planners use, and what does corrective action aim at?
Step-by-step solution
Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.
- 1 mark
Planning is forward looking: plans are prepared for the future on the basis of forecasts.
- 1 mark
Controlling is backward looking: it is like a post-mortem of past activities to find deviations from standards.
- 1 mark
But planning also looks back: it is guided by past experience.
- 1 mark
And controlling also looks forward: corrective action aims to improve future performance. So both are backward-looking as well as forward-looking.
Answer: Planning looks ahead but draws on past experience; controlling reviews the past but its corrective action improves the future, so both look backward and forward.
Where the marks are
- Explanation of the two-way relationship (4)
Revise the chapter
- Chapter: Controlling (notes, formulas, where marks are lost and every past question)
- Topic: Relationship between Planning and Controlling
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