Question : Planning involves ____________ It is essentially the process of choosing among various alternatives.

Option 1: Mental exercise

Option 2: Decision making 

Option 3: Wasteful activities 

Option 4: Both a and c

Question : 'Planning is deciding in advance what is to be done. It involves the selection of objectives, policies, procedures and programme among alternatives. This defination is given by?

Option 1: ME Hurley 

Option 2: Peter drucker

Option 3: Henry fayol 

Option 4: Chester Barnard

Question :  Match the concept of Planning in column 1 and respective defination in column 2

Option 1: 1-C, 2-B, 3-A, 4-D

Option 2: 1-B, 2-A, 3-C, 4-D

Option 3: 1-A, 2-C, 3-B, 4-D

Option 4: 1-C, 2-A, 3-B, 4-D

Question : It is defined as making major economic decisions by the conscious decision of a determinate authority, on the basis of a comprehensive survey of the economy as a whole.
 

Option 1: Economic planning
 

Option 2: Mixed economy
 

Option 3: Socialist economy
 

Option 4: Capitalist economy
 

Question : Which of the following statement is incorrect for financial planning?
 

Option 1: It helps the company to prepare for the future.
 

Option 2: It involves duplication of efforts and gaps in planning.
 

Option 3: It provides a link between investment and financing decisions.
 

Option 4: None of the above

Question : Assertion: The principle of "Centralization" involves decision-making authority resting with top-level management.

Reason: It leads to quick decision-making and uniformity in policies.

Option 1: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.

Option 2: Both are correct, but the reason is not the correct explanation.

Option 3: The assertion is correct, the reason is incorrect.

Option 4: The assertion is incorrect, the reason is correct.