Question : Adarsh wants to start a business of opening a fast food chain. Arti his friend, told him to perform planning as a function of management, as it precedes all function of management, i.e. organising, staffing, directing and controlling. Identify the feature of planning referred to here.

Option 1: Planning is a primary function

Option 2: Planning is pervasive

Option 3: Planning is continuous 

Option 4: Planning is futuristic

Question : 'It is not always true that just because a plan has worked before it will work again,' Identify the related limitation of planning?

Option 1: Planning leads to rigidity

Option 2: Planning reduces creativity

Option 3: Planning may not work in a dynamic environment

Option 4: Planning does not guarantee success

Question : Assertion: Planning is the most fundamental function of management.

Reason: It lays the foundation for all other management functions and helps in achieving objectives.

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.

Question : It ensures optimum use of resources through better planning organising staffing directing and controlling it shows us which importance of Management is highlighted here?

Option 1: Achieving group goals

Option 2: Create a dynamic organisation

Option 3: Development of society
 

Option 4: Increases efficiency
 

Question : Case Study 16:

GHI Ltd. is a leading company in the telecommunications sector planning to expand its international operations.

Question : 

GHI Ltd. is looking to raise funds for expanding its international operations. Which type of financial instrument might it use?

Option 1: Commercial paper
 

Option 2: Equity share
 

Option 3: Debenture

Option 4: Treasury bill