Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Choose the correct order of planning process.

(A) Developing Premises

(B) Evaluating alternative courses

(C) Identifying alternative courses of action

(D) Implementing the plan

Choose the correct answer from the options given below:

Options:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer:

(A), (C), (B), (D)

Explanation:

The correct answer is option 2- (A), (C), (B), (D).

(A) Developing Premises: Planning is concerned with the future which is uncertain and every planner is using conjecture about what might happen in future. Therefore, the manager is required to make certain assumptions about the future. These assumptions are called premises.

(C) Identifying alternatives courses of action: Once objectives are set, assumptions are made. Then the next step would be to act upon them. There may be many ways to act and achieve objectives. All the alternative courses of action should be identified.

(B) Evaluating alternatives courses: The next step is to weigh the pros and cons of each alternative. Each course will have many variables which have to be weighed against each other. The positive and negative aspects of each proposal need to be evaluated in the light of the objective to be achieved.

(D) Implementing the plan: This 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.