Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Which of the following is NOT a step of the process of planning?

Options:

The first and foremost step is setting objectives

The next step in planning is concerned with the identification, evaluation and selection of an alternative

The following step is concerned with putting the plans into action

The subsequent step is to assign work duties to employees and create reporting relationships

Correct Answer:

The subsequent step is to assign work duties to employees and create reporting relationships

Explanation:

The correct answer is option 4- The subsequent step is to assign work duties to employees and create reporting relationships.

The subsequent step is to assign work duties to employees and create reporting relationships- It is a step of organising and not planning.

Planning typically involves the following seven steps:

  1. Setting Objectives: Establishing what the organization wants to achieve (Option 1).

  2. Developing Planning Premises: Making assumptions about the future environment (forecasts, policies, etc.).

  3. Identifying Alternative Courses of Action: Listing the various ways to achieve the goals.

  4. Evaluating Alternative Courses: Weighing the pros and cons of each option based on feasibility and consequences.

  5. Selecting an Alternative: Choosing the best plan or a combination of plans (Option 2).

  6. Implementing the Plan: Putting the plan into action by mobilizing resources (Option 3).

  7. Follow-up Action: Monitoring the plan to ensure objectives are being met.