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 1: Planning focuses on achieving objectives
Option 2: Planning is continuous
Option 3: Planning is primary function of management
Option 4: Planning is futuristic
Correct Answer: Planning is futuristic
Solution : Planning always means looking ahead or planning is a futuristic function. Planning is never done for the past. All the manager try to make prediction and assumption for future. In the above case, Sales forecasting is the basis on which a business firm prepares its annual plan for production and sales. Planning is futuristic or forward looking feature is highlighted. Hence, option 4 is the correct answer.
Question : A plan is framed, implemented and followed by another plan and so on. Which feature of planning is highlighted in the above case?
Option 2: Planning is a continuous process
Option 3: Planning is the primary function of management
Option 4: Planning is pervasive
Question : All other managerial function are performed within the framework of the plans drawn. Identify the related feature of planning.
Option 2: Planning is pervasive
Option 3: Planning is futuristic
Option 4: Planning is primary function of management
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 3: Planning is continuous
Question : Planning is required in all types of organisation and at all levels of management. Identify the statement and choose the correct answer.
Option 1: Planning is futuristic
Option 3: Planning is mental process
Option 4: Planning focuses on achieveing objective
Question : Shivani the general manager of V-Mart performs the managerial functions of planning organising staffing directing and controlling as an ongoing process.Which management feature is highlighted by this?
Option 1: Management is a goal oriented
Option 2: Management is a dynamic function
Option 3: Management is continuous process
Option 4: Management is all pervasive
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile