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Home Questions 8XZJ67NXHA
Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Match the following:

1. Planning process - setting objectives A. Increase in sales by 23% at the year end
2. Planning process - developing premises B. Real point of decision making
3. Planning process - selecting an alternative C. Other managerial functions come into picture
4. Planning process - implementing the plan D. Every planner is using a conjecture about what might happen in future
Options:

1-B, 2-D, 3-A, 4-C

1-A, 2-D, 3-B, 4-C

1-D, 2-A, 3-B, 4-C

1-C, 2-D, 3-A, 4-B

Correct Answer:

1-A, 2-D, 3-B, 4-C

Explanation:

The correct answer is option 2 i.e. 1-A, 2-D, 3-B, 4-C.

* Planning process - setting objectives: Every organization has a certain objective to meet. For example: Increase in sales by 23% at the year end.

* Planning process - developing premises: Planning is concerned with the future which is uncertain, and every planner is using conjecture about what might happen in future.

* Planning process - selecting an alternative: Selecting an alternative is the real point of decision making. The best plan has to be adopted and implemented. The ideal plan, of course, would be the most feasible, profitable and with least negative consequences.

* Planning process - implementing the plan: Implementing the plan 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.

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