Question : Planning is first and foremost an activity to achieve desired results. In the context of planning. Which of the following is not correct?
Option 1: Planning is one time process
Option 2: Planning focuses on achieving objective
Option 3: Planning affect profitability
Option 4: Planning is futuristic
Correct Answer: Planning is one time process
Solution : Planning is a never-ending or continuous process because, after making plans, one must also keep up with changes in the changing environment and choose the best way. Hence, option 1 is the correct answer.
Question : Which of the following is not a feature of planning?
Option 1: Planning is time consuming
Option 2: Planning is pervasive
Option 3: Planning is futuristic
Option 4: To achieve objective
Option 1: Planning is futuristic
Option 3: Planning establishes standard for controlling
Option 4: Planning focuses on achieving objectives
Question : Planning is required in all types of organisation and at all levels of management. Identify the statement and choose the correct answer.
Option 3: Planning is mental process
Option 4: Planning focuses on achieveing objective
Question : All other managerial function are performed within the framework of the plans drawn. Identify the related feature of planning.
Option 1: Planning focuses on achieving objectives
Option 4: Planning is primary function of management
Question : Sales forecasting is the basis on which a business firm prepares its annual plan for production and sales which feature of planning is highlighted in the above case?
Option 2: Planning is continuous
Option 3: Planning is primary function of management
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