Question : Which of the following statement is incorrect for financial planning?
Option 1: It lacks in coordination.
Option 2: It helps in avoiding business shocks and surprises.
Option 3: It makes the evaluation of actual performance easier.
Option 4: It helps to link present with future
Correct Answer: It lacks in coordination.
Solution : Financial planning is essentially the preparation of a financial blueprint of an organisations future operations. it helps in achieving coordination between various functions by providing clear policies and procedures.
Hence, option A is correct.
Question : Which of the following statements about coordination is incorrect?
Option 1: It binds all the functions of management. t.
Option 2: It is a process by which a manager synchronises the activities of different departments.
Option 3: The process of coordinating the activities of an organisation begins at the directing stage.
Option 4: None of the above.
Question : It's presence can be felt when targets are met, employees are happy and there is orderliness and coordination in the work environment,it shows us which characteristic of the management?
Option 1: Dynamic function
Option 2: Group activity
Option 3: Intangible force
Option 4: Continuous process
Question : Assertion: Centralization of authority leads to quicker decision-making.
Reason: It reduces the need for coordination among different levels of management.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile