Question : Statement 1: A robust planning process includes evaluation.
Statement 2: Monitoring in planning is a one-time activity.
Option 1: Statement 1 correct, Statement 2 incorrect.
Option 2: Statement 1 incorrect, Statement 2 correct.
Option 3: Both statements are correct.
Option 4: Both statements are incorrect.
Correct Answer: Statement 1 correct, Statement 2 incorrect.
Solution : The correct answer is (a) Statement 1 correct, Statement 2 incorrect.
Statement 1 is correct. A robust planning process typically includes ongoing evaluation to assess the effectiveness of the plan, identify areas for improvement, and make adjustments as needed.
Statement 2 is incorrect. Monitoring in planning is not a one-time activity; it is an ongoing process. Continuous monitoring allows organizations to track progress, identify deviations from the plan, and make timely adjustments to ensure goals are met.
Therefore, Statement 1 correct, Statement 2 incorrect.
Question : Statement 1: Planning helps organizations adapt to changes.
Statement 2: Planning reduces the need for flexibility.
Question : Statement 1: Strategy involves resource allocation for objectives.
Statement 2: Strategy formulation is solely a top-level management function.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile