Question : Which of the following is not a feature of planning?
Option 1: Planning is futuristic
Option 2: Planning is pervasive
Option 3: Planning establishes standard for controlling
Option 4: Planning focuses on achieving objectives
Correct Answer: Planning establishes standard for controlling
Solution : Planning establish standard for controlling:- The base yardstick or the standard for comparing actual performance in controlling is given by planning. This is importance of planning not feature. Hence, option 3 is the correct answer.
Question : All other managerial function are performed within the framework of the plans drawn. Identify the related feature of planning.
Option 1: Planning focuses on achieving objectives
Option 3: Planning is futuristic
Option 4: Planning is primary function of management
Option 1: Planning is time consuming
Option 4: To achieve objective
Question : A plan is framed, implemented and followed by another plan and so on. Which feature of planning is highlighted in the above case?
Option 2: Planning is a continuous process
Option 3: Planning is the primary function of management
Option 4: Planning is pervasive
Question : Sales forecasting is the basis on which a business firm prepares its annual plan for production and sales which feature of planning is highlighted in the above case?
Option 2: Planning is continuous
Option 3: Planning is primary function of management
Option 4: Planning is futuristic
Question : Planning is first and foremost an activity to achieve desired results. In the context of planning. Which of the following is not correct?
Option 1: Planning is one time process
Option 2: Planning focuses on achieving objective
Option 3: Planning affect profitability
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