Question : What is meant by 'follow up action' as the step involved in the process of planning?
Option 1: Managing the plan
Option 2: Checking the plan
Option 3: Selecting the plan
Option 4: None of the above
Correct Answer: Checking the plan
Solution : Planning is an ongoing process, the manager's job does not end simply by putting the plan into action. The managers closely monitor the plan's implementation. Monitoring the plan is critical because it helps to determine whether the conditions and predictions assumed in the plan are still valid in the current situation. Hence, option 2 is the correct answer.
Question : 'To see whether plans are being implemented and activities are being performed according to schedule is a step of planning process. Identify the step'.
Option 1: Implementing the plan
Option 2: Follow up action
Option 3: Evaluating the alternative course of action
Question : Identify the step of planning process where other managerial functions also come into picture.
Question : Name the most critical step in the process of planning.
Option 2: Developing the plan
Option 3: Selecting the best possible course of action
Question : This step of planning process is the real point of decision making. Identify the step?
Option 1: Identifying the alternative course of action
Option 2: Evaluating the alternative courses of action
Option 3: Selecting the alternative
Question : 'To evaluate such proposal detailed calculation of earning, earning per share, interest, taxes, dividends are made and decisions taken' Identify the step of planning function of management is highlighted above.
Option 1: Selecting an alternative
Option 2: Setting objective
Option 3: Follow up action
Option 4: Evaluating alternative courses
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile