Question : Assertion: Planning ensures the effective use of resources.
Reason: Planning identifies potential wastage of resources and eliminates them.
Option 1:
Both assertion and reason are correct, and the reason is a correct explanation.
Option 2: Both assertion and reason are correct, and the reason is not correct explanation.
Option 3: Assertion is false, but the reason is correct.
Option 4: Assertion is correct, but the reason is false.
Correct Answer:
Solution : The correct answer is: (a) Both assertion and reason are correct, and the reason is a correct explanation.
The assertion that planning ensures the effective use of resources is correct. Planning involves the process of setting goals, defining strategies, and allocating resources in a way that optimizes their utilization to achieve the desired outcomes.
The reason stating that planning identifies potential wastage of resources and eliminates them is a correct explanation. One of the key purposes of planning is to anticipate potential inefficiencies, identify areas of wastage, and take corrective actions to eliminate or minimize such wastage. Effective planning involves careful consideration of resource allocation to prevent unnecessary costs and enhance efficiency.
Therefore, both the assertion and the reason are correct, and the reason provides a correct explanation for the assertion.
Question : Assertion: A good planning process ensures efficient utilization of resources.
Reason: Planning helps in identifying excess resources and eliminating them.
Question : Assertion: Planning provides direction for an organization.
Reason: Planning eliminates the need for effective communication within an organization.
Question : Assertion: Planning helps in reducing uncertainty and risks.
Reason: Planning involves forecasting and assessing potential challenges.
Question : Assertion: Budgets help in allocating resources in a planned manner.
Reason: Budgets are related to resource allocation.
Question : Assertion: Budgeting is a part of the planning process.
Reason: Budgets are prepared after the implementation phase of a plan.
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