Question : Identify the correct sequence of step involved in the planning process?
Option 1: Evaluating alternative courses, Identifying alternative courses of action, Setting objective, developing premises
Option 2: Setting objective, Identifying alternative course of action, Evaluating alternative courses, Developing premises
Option 3: Setting objective, Developing premises, Listing the various alternative for achieveing the objective, Evaluating alternative courses.
Option 4: Developing premises, Identifying alternative course of action, Evaluating alternaative courses, Setting objective.
Correct Answer: Setting objective, Developing premises, Listing the various alternative for achieveing the objective, Evaluating alternative courses.
Solution : Setting up of the objective - Set targets and results. Developing premises - Assumptions, predications regarding future. Listing the various alternative for achieveing the objective:- FInding various option available to achieve objective. Evaluation of different alternative:- Comparing all the available option with their pros and cons. Hence, option 3 is the correct answer.
Question : This step of planning process is the real point of decision making. Identify the step?
Option 1: Identifying the alternative course of action
Option 2: Evaluating the alternative courses of action
Option 3: Selecting the alternative
Option 4: None of the above
Question : A company is manufacturing garments. The manager wants to increase profit by purchasing new high speed machine or increasing the sale price or using waste material in manufacturing stuffed toys. Identify the step of planning process?
Option 1: Developing premises
Option 2: Evaluating the alternative course of action
Option 3: Selecting an alternative
Option 4: Identifying alternative courses of action
Question : Case Study: MNO Healthcare Solutions
In the planning process for expansion, what should MNO Healthcare Solutions do after identifying various courses of action?
Option 1: Evaluating alternative courses of action
Option 2: Identifying potential risks
Option 3: Setting objectives and goals
Option 4: Allocating resources
Question : 'To evaluate such proposal detailed calculation of earning, earning per share, interest, taxes, dividends are made and decisions taken' Identify the step of planning function of management is highlighted above.
Option 1: Selecting an alternative
Option 2: Setting objective
Option 3: Follow up action
Option 4: Evaluating alternative courses
Question : Case Study: PQR Software Solutions (Continued)
In the planning process for the new customer support system, what should PQR Software Solutions do after evaluating alternative courses of action?
Option 1: Identifying various courses of action
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