Consider the following statements:
(A) For a plan to increase production, implementing the plan would involve organising for labour and purchase of machinery.
(B) Checking whether activities are performed according to schedule is a part of the step of implementing the plan.
(C) Planning will be a futile exercise if it is not acted upon or implemented.
(D) At the step of implementing the plan, the manager picks the plan that is the most feasible and profitable.
Which of the statements given above are correct?
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A) and (C) only
(A) For a plan to increase production, implementing the plan would involve organising for labour and purchase of machinery. — Correct. More production needs more labour and machinery. Arranging them is how the plan is put into action.
(B) Checking whether activities are performed according to schedule is a part of the step of implementing the plan. — Incorrect. Checking activities against the schedule is Follow-up action, the step that comes after implementing.
(C) Planning will be a futile exercise if it is not acted upon or implemented. — Correct. A plan only on paper achieves nothing. It gives results only when it is acted upon.
(D) At the step of implementing the plan, the manager picks the plan that is the most feasible and profitable. — Incorrect. Picking the best plan is Selecting an alternative, the step before implementing.
NCERT (2026-27 Edition): “Concept … The plan that is developed has to have a given time frame but time is a limited resource. It needs to be utilised judiciously. If time factor is not taken into consideration, conditions in the environment may change and all business plans may go waste. Planning will be a futile exercise if it is not acted upon or implemented. …” “Planning Process … “(vi) Implementing the plan: This is the step where other managerial functions also come into the picture. The step is concerned with putting the plan into action, i.e., doing what is required. For example, if there is a plan to increase production then more labour, more machinery will be required. This step would also involve organising for labour and purchase of machinery.” “(vii) Follow-up action: To see whether plans are being implemented and activities are performed according to schedule is also part of the planning process. Monitoring the plans is equally important to ensure that objectives are achieved.” |