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?
Question : Planning is required in all types of organisation and at all levels of management. Identify the statement and choose the correct answer.
Question : All other managerial function are performed within the framework of the plans drawn. Identify the related feature of planning.
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?
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