Consider the following statements about the limitation ‘Planning involves huge costs’:
(A) The costs involved in planning may be in terms of time and money.
(B) Expenses on boardroom meetings are an incidental cost of planning.
(C) The costs incurred on planning sometimes may not justify the benefits derived from the plans.
(D) Huge costs are involved in plans mainly at the time of their implementation.
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), (B) and (C) only
(A) The costs involved in planning may be in terms of time and money. — Correct. Planning uses both: for example, checking facts takes a lot of time.
(B) Expenses on boardroom meetings are an incidental cost of planning. — Correct. Meetings, expert advice and early checks are extra costs of making a plan.
(C) The costs incurred on planning sometimes may not justify the benefits derived from the plans. — Correct. At times the plan costs more than it gives.
(D) Huge costs are involved in plans mainly at the time of their implementation. — Incorrect. The huge costs arise in the formulation of plans, when they are drawn up.
NCERT (2026-27 Edition): “(iv) Planning involves huge costs: When plans are drawn up huge costs are involved in their formulation. These may be in terms of time and money for example, checking accuracy of facts may involve lot of time. Detailed plans require scientific calculations to ascertain facts and figures. The costs incurred sometimes may not justify the benefits derived from the plans. There are a number of incidental costs as well, like expenses on boardroom meetings, discussions with professional experts and preliminary investigations to find out the viability of the plan.” |