The correct answer is Option (4) → A-II, B-I, C-IV, D-III.
|
LIST I
(Steps of planning process)
|
LIST II
(Indicators)
|
|
A. Setting objectives
|
II. Increase in sale by 20%
|
|
B. Developing premises
|
I. Assumption about future
|
|
C. Follow up action
|
IV. Monitoring the plan
|
|
D. Evaluating alternative course of actions
|
III. Seeing positive and negative aspects of proposals
|
A. Setting objectives- II. Increase in sale by 20%.
The first and foremost step is setting objectives. Every organisation must have certain objectives. Objectives may be set for the entire organisation and each department or unit within the organisation.
B. Developing premises- I. Assumption about future.
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. Follow up action- IV. Monitoring the plan.
After evaluating alternatives one alternative is selected and implemented by the company. To see whether plans are being implemented and activities are performed according to schedule is also part of the planning process. Monitoring the plans is equally important to ensure that objectives are achieved.
D. Evaluating alternative course of actions- III. Seeing positive and negative aspects of proposals.
Evaluating alternative courses means 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. | 
