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 option is (a) Statement 1 correct, Statement 2 incorrect.
Statement 1 is correct. A robust planning process typically includes evaluation. Evaluation is essential to assess the effectiveness of the plan, identify areas for improvement, and ensure that the organization is on track to achieve its goals.
Statement 2 is incorrect. Monitoring in planning is not a one-time activity. It is an ongoing process that involves tracking progress, comparing actual performance to planned objectives, and making adjustments as needed.
Therefore, the correct option is (a) 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.
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