PLANNING - 2

A plan is framed, it is implemented and is followed by another plan on the basis of new requirements and future conditions. Which of the following best describes the above statement?

• Planning focuses on achieving objectives.

• Planning is continuous.

• Planning is futuristic.

• Planning is a mental exercise.

Rama Stationery Mart. has made a decision to make all the payments by e-transfers only. The type of plan adopted by Rama Stationery Mart is:

• Strategy

• Policy

• Rule

• Procedure

Planning can eliminate changes or events.

• True

• False

Maruti started offering a discount of Rs. 20,000 on purchase of Wagon R. In response to this, Hyundai started with a scheme of free MP3 player with every Santro. Identify the type of plan indicated in the given statement.

• Policy

• Rule

• Strategy

• Procedure

Which of the following statements is false?

• Planning reduces creativity.

• Planning is economical.

• Planning focuses on achieving objectives.

• Planning is a mental exercise.

Planning is considered to be rigid because:

• it provides a course of action to be followed

• it does not consider changes in business environment

• it lays the fixed path for managers to follow

• all the above