Question : Planning seeks to bridge the gap between ______________.
Option 1: Past and present postion
Option 2: Past and future position
Option 3: Present and future position
Option 4: None of the above
Correct Answer: Present and future position
Solution : In simple words, we can say, planning bridges the gap between where we are standing today where we are standing and where we want to reach. Planning seeks to bridge the gap between present and future position. Hence, option 3 is the correct answer.
Question : Which of the following statement is incorrect?
Option 1: Staffing helps in discovering and obtaining comptent personal for various jobs.
Option 2: Staffing seeks to bridge the gap between where we are and where we want to go.
Option 3: Staffing insures the continuous survival and growth of the enterprise.
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.
Question : Cash-flow statement is prepared for a______________.
Option 1: Past period
Option 2: Future period
Option 3: Both 1 and 2
Question : What to do and how to do is concerned with ______________.
Option 1: Controlling
Option 2: Organising
Option 3: Planning
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