Question : Assertion: Planning and controlling are interconnected functions in management.
Reason: Planning sets the direction and goals, while controlling ensures progress towards those goals.
Option 1: Both assertion and reason are true, and the reason correctly explains the assertion.
Option 2: Both assertion and reason are true, but the reason does not correctly explain the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason correctly explains the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason correctly explains the assertion.
This assertion is true. In the field of management, planning and controlling are two fundamental and interconnected functions. Planning involves setting goals, objectives, and deciding on the actions necessary to achieve them. It's about deciding what needs to be done. Controlling, on the other hand, involves monitoring and regulating the ongoing activities to ensure they align with the planned goals and objectives. It's about making sure that the actual performance is on track with the planned course of action.
This reason is also true and correctly explains the assertion. Planning indeed sets the direction and goals by determining what an organization wants to achieve and how it intends to get there. Controlling, as mentioned, ensures that progress is made towards those goals by measuring and adjusting actual performance to match the planned objectives. In other words, planning provides the roadmap, while controlling keeps the organization on the right path towards its objectives.
Question : Assertion: Clan control emphasizes a collaborative and team-oriented approach to management.
Reason: Clan control fosters a supportive and participative work culture.
Question : Assertion: The management functions of planning and controlling are closely related.
Reason: Planning involves setting targets, and controlling involves measuring actual performance against those targets.
Option 1: Both assertion and reason are correct, and the reason explains the assertion.
Option 2: Both assertion and reason are incorrect.
Option 3: The assertion is correct, but the reason is incorrect.
Option 4: The assertion is incorrect, but the reason is correct.
Option 5: Both assertion and reason are correct, and the reason is not the correct explanation of the assertion.
Question : Assertion: Both India and Pakistan follow the mixed economy model.
Reason: Both initiated their development process on the basis of economic planning in 1947.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Question : Assertion-Reason Questions: Chapter - Sources of Business Finance
Questions : Business Finance and Its Meaning
Assertion: Financial planning ensures optimal utilization of funds and avoids wastage.
Reason: Financial planning does not consider long-term business goals.
Option 4: Both assertion and reason are false.
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