Planning business studies

Planning is ______

• Flexible

• Stable

• Rigid

• None of these

Which one is not the characteristics of Planning

• Rules

• Program

• Object

• Staffing

Planning results in decreasing _________

• Coordination

• Proper use of resource

• Future uncertainties

• Control

Which of the following is not a benefit of planning

• Planning reduces overlapping and wasteful activities

• Planning is mental exercise

• Planning provides Directions

• Planning reduces the risk of uncertainty

Which of the following is a benefit of planning

• Helps in avoiding confusion and misunderstanding

• Ensure clarity in thought and action

• Useless and redundant activities are minimised or eliminated

• All of the above

Planning involves decision Making

• True

• False

Sanjivan Madan is working as the sales manager in the ‘Sharda Shopping Mall’. He is preparing a sales plan for his department. He is taking the help of forecast as the base of the form of his sales plan. He is of the view that a good plan can be prepared by learning about the possibilities of future events and conditions through the medium of forecast. The plan being prepared by Sanjivan is very important as the production plan and other plans of business are prepared on this very basis. Identify the feature of planning in above event.

• Planning is continuous

• Planning is futuristic

• Planning involves decision

• Planning is pervasive

‘Chandra Chemicals Ltd.’ is a newly established company of its industry. The goals of the company have been very well defined. The employees know what the organisation aims at doing and what they should do for the realisation of the goal. The company did the planning in such a way that all the departments and employees are able to work in coordination. This is the very result of successful planning that the company is moving forward on the path of success. On the basis of the event stated above tell why planning is important

• Planning provides direction

• Planning reduces the risk of uncertainty

• Planning reduces overlapping and wasteful activities

• Planning promotes innovative ideas

Assertion - Planning is pervasive

Reason - Planning is not required at all levels of management as well as in all departments of organization

• Both A and R are correct and R is the correct explanation for A

• Both A and R are correct but R is not the correct explanation of A

• A is correct But R is wrong

• A is wrong But R is correct

Assertion - Planning establishes standards for controlling

Reason - Helps the manager to look into the future and make a choice from various alternative courses of action

• Both A and R are correct and R is the correct explanation for A

• Both A and R are correct but R is not the correct explanation for A

• Both A and R are wrong

• A is wrong but R is correct