Question : Manager is required to make certain assumption about the future. Identify the step in planning process.
Option 1: Developing premises
Option 2: Evaluating the alternative courses of action
Option 3: Selecting the alternative
Option 4: Identifying the alternative course of action
Correct Answer: Developing premises
Solution : Premises refers to making assumption regarding future. Premises are the base on which plans are made. It is a kind of forecase made keeping in view existing plans and any past information about various policies. Hence, option 1 is the correct answer.
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.
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 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 2: Evaluating the alternative course of action
Option 3: Selecting an alternative
Option 4: Identifying alternative courses of action
Question : Case Study: PQR Software Solutions (Continued)
The next step PQR Software Solutions should take after identifying various courses of action is:
Option 1: Evaluating alternative courses of action
Option 2: Developing premises
Option 3: Setting objectives and goals
Option 4: Allocating resources
Question : Case Study: DEF Educational Institute (Continued)
The next step DEF Educational Institute should take after evaluating alternative courses of action is:
Option 1: Selecting an alternative
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