Question : Statement 1: Planning leads to effective resource utilization.
Statement 2: Planning facilitates direct recruitment in the organistion.
Option 1: Both statements are correct.
Option 2: Only statement 1 is correct.
Option 3: Only statement 2 is correct.
Option 4: Neither statement 1 nor statement 2 is correct.
Correct Answer: Only statement 1 is correct.
Solution : The correct option is (b) Only statement 1 is correct.
Statement 1 is correct. Planning is a process that involves setting objectives, determining the actions to achieve those objectives, and allocating resources effectively. Effective resource utilization is a key outcome of the planning process.
Statement 2 is incorrect. Planning does not typically facilitate direct recruitment. Recruitment is a separate HR function that involves identifying the need for new employees, sourcing candidates, and selecting individuals to fill specific roles. Planning may influence staffing needs, but it doesn't directly facilitate recruitment.
Therefore, only statement 1 is correct.
Statement 2: Planning facilitates goal achievement.
Question : Statement 1: Planning does not leads to effective resource utilization.
Statement 2: Planning discourages goal achievement.
Question : Statement 1: Planning involves setting objectives.
Statement 2: Planning is concerned only with resource allocation.
Question : Statement 1: A budget is a financial plan.
Statement 2: Budgeting helps in resource allocation.
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