Question : Assertion: The planning process begins with the setting of objectives.
Reason: Objectives are set after the planning process is completed.
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 is correct as the planning process typically begins with the setting of objectives. Objectives provide a direction for planning by outlining what the organization aims to achieve. The reason is a correct explanation because objectives are indeed set as an integral part of the planning process, helping guide the development of strategies and actions to achieve those objectives.
Question : Assertion-Reason Questions: Chapter - Sources of Business Finance
Questions : Business Finance and Its Meaning
Assertion: Financial planning is necessary for achieving business objectives effectively.
Reason: Financial planning helps allocate funds optimally and avoids wastage.
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: Both assertion and reason are false.
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 4: Assertion is false, but the reason is true.
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.
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