Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Read the following statements and choose the correct option.

Assertion: Assumptions are the base material upon which plans are to be drawn and these assumptions are called planning premises.
Reasoning: After developing premises, the next step in the planning process is evaluating the alternative courses of action.

Options:

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A.

Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.

Assertion (A) is true but Reasoning (R) is not correct.

Assertion (A) is not true but Reasoning (R) is correct.

Correct Answer:

Assertion (A) is true but Reasoning (R) is not correct.

Explanation:

The correct answer is option 3 i.e Assertion (A) is true but Reasoning (R) is not correct.

Developing Premises: Planning is concerned with the future which is uncertain and every planner is using conjecture about what might happen in future. Therefore, the manager is required to make certain assumptions about the future. These assumptions are called premises.

Once the objectives and planning premises are established, it becomes necessary to discover the various courses of action, which will be used to achieve the established objectives and the must know all the alternatives to achieve the objectives. After that the next step is to analyze the pro and cons of each alternative.