Question : Assertion: Planning helps in reducing uncertainty and risks.
Reason: Planning involves forecasting and assessing potential challenges.
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 correctly states that planning helps in reducing uncertainty and risks. The reason also correctly explains that planning involves forecasting and assessing potential challenges, which contributes to minimizing uncertainties and risks.
Question : Assertion: Planning ensures the effective use of resources.
Reason: Planning identifies potential wastage of resources and eliminates them.
Question : Assertion: A budget is a statement of future income and expenses.
Reason: Budgeting is not related to financial forecasting.
Question : Assertion: Planning provides direction for an organization.
Reason: Planning eliminates the need for effective communication within an organization.
Question : Assertion: A good planning process ensures efficient utilization of resources.
Reason: Planning helps in identifying excess resources and eliminating them.
Question : Assertion: Budgeting involves forecasting future financial performance.
Reason: Budgeting is limited to the allocation of resources.
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