Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Planning

Question:
__________________ element in the operational plan helps the entrepreneur in removing the obstacles in the way of production by suggesting remedial measures.
Options:
Dispatching
Follow up
Inspection
Scheduling
Correct Answer:
Follow up
Explanation:
Follow-up or expediting function relates to evaluation and appraisal of work performed. A properly planned follow-up procedure is helpful in dispatching errors and defects in the work. Follow-up element helps the entrepreneurs in:
a) Developing ways to review the present situation with regard to materials, work-in-progress and finished goods.
b) Evolving ways to expedite the performance of those departments which lag behind.
c) Removing obstacles in the way of production by suggesting remedial measures.