Question : Statement 1: Planning leads to effective resource utilization.
Statement 2: Planning facilitates goal achievement.
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: Both statements are correct.
Solution : The correct answer is (a) Both statements are correct.
Statement 1 is generally correct. Planning involves assessing and allocating resources in a strategic manner, aiming to use them efficiently and effectively. Through proper planning, organizations can optimize their resource utilization and minimize waste.
Statement 2 is also correct. Planning is a process that involves setting objectives, identifying the steps required to achieve those goals, and developing strategies to reach them. Effective planning increases the likelihood of successfully achieving desired outcomes.
Therefore, both statements are correct.
Question : Statement 1: Planning does not leads to effective resource utilization.
Statement 2: Planning discourages goal achievement.
Statement 2: Planning facilitates direct recruitment in the organistion.
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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