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Home Questions 8XZJ67NXHA
Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Match the following lists.

LIST I (Planning process) LIST II
A) Setting objectives I) Increase in sales by 23% at the year end
B) Developing premises II) Real point of decision making
C) Selecting an alternative III) Other managerial functions come into picture
D) Implementing the plan IV) Every planner is using a conjecture about
what might happen in future

Choose the correct answer from the options given below.

Options:

A-III, B-IV, C-II, D-I

A-I, B-IV, C-II, D-III

A-I, B-II, C-III, D-IV

A-IV, B-III, C-II, D-I

Correct Answer:

A-I, B-IV, C-II, D-III

Explanation:

The correct answer is option 2- A-I, B-IV, C-II, D-III.

LIST I (Planning process) LIST II
A) Setting objectives I) Increase in sales by 23% at the year end
B) Developing premises IV) Every planner is using a conjecture about
what might happen in future
C) Selecting an alternative II) Real point of decision making
D) Implementing the plan III) Other managerial functions come into picture

 

* 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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