Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Identify the correct sequence of first five steps of planning process.

A. Evaluating alternative courses

B. Developing premises

C. Setting objectives

D. Selecting an alternative

E. Identifying alternative courses of action

Choose the correct answer from the options given below :

Options:

C, B, E, A, D

B, C, E, A, D

B, C, A, E, D

C, B, A, E, D

Correct Answer:

C, B, E, A, D

Explanation:

The correct answer is option (1) : C, B, E, A, D

Following are the steps included in planning:

i. Setting Objectives: In the planning process, objectives are determined and defined first of all.

ii. Developing Premises: At this stage planning premises are developed. They affect the possible results of various alternates.

iii. Identifying Alternative courses of Action: On the basis of the objectives of the organisation and limitations of planning, alternative courses of doing a particular work can be discovered.

iv. Evaluating Alternative Courses: At this stage, it is seen as to what extent a particular alternative course can help in the attainment of objectives of the organisation.

v. Selecting of Alternative : After careful analysis, the best alternative is selected.

vi. Implementing the Plan : The next step is to implement the chief and the subsidiary plans.

vii. Follow up Action : In the end, there is a constant review of plans so as to ensure success in the uncertain future.