Planning
Question : It ensures optimum use of resources through better planning organising staffing directing and controlling it shows us which importance of Management is highlighted here?
Option 1: Achieving group goals
Option 2: Create a dynamic organisation
Option 3: Development of society
Option 4: Increases efficiency
Correct Answer: Increases efficiency
Solution : Efficiency means doing the task correctly and with the minimum cost, increases managerial function efficiency.
Hence, Option D is correct.
Question : The Economic Survey of India is presented annually by which organization?
Option 1: Reserve Bank of India (RBI)
Option 2: Ministry of Finance
Option 3: Securities and Exchange Board of India (SEBI)
Option 4: Planning Commission
Correct Answer: Ministry of Finance
Solution : The correct answer is (b) Ministry of Finance.
The Economic Survey of India is a flagship document that provides an assessment of the country's economic performance, highlights key policy issues, and offers policy recommendations. It is prepared by the Economic Division of the
Question : Case Study: STU Educational Institute
STU Educational Institute is a well-reputed school offering various academic programs. They are planning to enhance their extracurricular activities to foster holistic development among students. Question:
The step STU Educational Institute should take to identify potential challenges and opportunities in enhancing extracurricular activities is:
Option 1: Evaluating alternatives
Option 2: Setting objectives and goals
Option 3: Identifying potential risks
Option 4: Allocating resources
Correct Answer: Identifying potential risks
Solution : The correct answer is (c). Identifying potential risks
Identifying potential risks allows STU Educational Institute to proactively address and mitigate obstacles that may arise during the process of enhancing extracurricular activities.
Therefore, Identifying potential risks is the most appropriate choice for identifying challenges
Question : Name the most critical step in the process of planning.
Option 1: Implementing the plan
Option 2: Developing the plan
Option 3: Selecting the best possible course of action
Option 4: None of the above
Correct Answer: Selecting the best possible course of action
Solution : The best alternative is selected but as such there is no mathematical formula to select the best alternative. Selecting the best alternative is most critical step in the planning process, because if wrong plan is selected then whole process
Question : Questions : Business Finance and Its Meaning
Statement 1: Financial planning plays a pivotal role in effective resource allocation.
Statement 2: Financial planning primarily focuses on production activities.
Option 1: Statement 1 is true, and statement 2 is false.
Option 2: Statement 1 is false, and statement 2 is true.
Option 3: Both statements 1 and 2 are true.
Option 4: Both statements 1 and 2 are false.
Correct Answer: Statement 1 is true, and statement 2 is false.
Solution : The correct answer is (a) Statement 1 is true, and statement 2 is false.
Statement 1 is true. Financial planning indeed plays a pivotal role in effective resource allocation within a business. It involves allocating financial resources
Question : Comprehension: Read the given passage and answer the questions that follow. Such examples of commercial success, of innovation, drive, vision, determination, adaptability, and adventure are anchored in the basic Indian openness to and talent for acquiring material wealth. For every success story, there are, of course, dozens of failures. Traditional Indian firms have their strengths but also their weaknesses, and of these, perhaps the most debilitating are a lack of teamwork and a weakness for quick profit. These reflect ingrained ways of thinking and planning, as does the distrust of anyone outside the family, which inhibits the adoption of modern practices of management. But such weaknesses are more than compensated for by the desire to succeed, which is probably more intense in India, given the omnipresent fear of poverty, the cut-throat competition for each opportunity, and the asphyxiating hold of hierarchy. Question: Select the most appropriate synonym of the given word with reference to its usage in the passage. Asphyxiating
Option 1: Emancipating
Option 2: Liberating
Option 3: Smothering
Option 4: Unfettering
Correct Answer: Smothering
Solution : The correct choice is the third option.
"Asphyxiating" means to cause someone or something to suffocate or be deprived of air, resulting in a feeling of being unable to breathe. In the passage, it is used metaphorically to describe the feeling of being held
Statement 1: Financial planning is crucial for effective utilization of financial resources.
Statement 2: Financial planning only considers short-term objectives.
Statement 1 is true. Financial planning involves creating a strategy to manage, allocate, and utilize financial resources effectively to achieve short-term and long-term
Question : Department and individuals in the organisation are able to work in co-ordination. Which importance of planning is highlighted in the above statement?
Option 1: Planning provide direction
Option 2: Planning reduces overlapping and wasteful activities
Option 3: Planning reduces the risk of uncertainty
Option 4: Planning facilitates decision making
Correct Answer: Planning provide direction
Solution : The term "planning" refers to a predetermined course of action. It gives the instructions. It provides direction to employees' efforts. Planning clarifies what employees must do, how they must do it, and so on. This also leads to unity of direction; without planning,
Question : Case Study: PQR Enterprises - Funding Strategies for Diversification
PQR Enterprises is a well-established conglomerate planning to diversify its business operations. The company is evaluating various sources of business finance to support its diversification plans.
Questions : Debentures and Financial Instruments
PQR Enterprises is considering issuing IDR. What purpose does an IDR serve?
Option 1: It raises funds in the domestic market
Option 2: It allows foreign companies to invest in India
Option 3: It enables Indian companies to raise funds abroad
Option 4: It ensures dividend payments to preference shareholders
Correct Answer: It enables Indian companies to raise funds abroad
Solution : The correct answer is (c) It enables Indian companies to raise funds abroad
IDR stands for Indian Depository Receipts. An IDR is a financial instrument denominated in Indian Rupees and issued by a domestic depository in India. It
To overcome the limitations of planning, STU Educational Institute can focus on:
Option 1: Incorporating flexibility in the plans
Option 2: Relying solely on top management's decisions
Option 3: Limiting employee involvement
Option 4: Adopting a reactive approach
Correct Answer: Incorporating flexibility in the plans
Solution : The correct answer is (a). Incorporating flexibility in the plans
Planning inherently involves uncertainty, and incorporating flexibility allows an organization to adapt to changes and unforeseen circumstances. This adaptability ensures that plans remain relevant and effective in dynamic environments.
Therefore, Incorporating
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