Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:
This function of management relating to laying down the foundation for carrying out the other functions of management successfully is _____.
Options:
Coordination
Cooperation
Organising
Planning
Correct Answer:
Planning
Explanation:
Planning is the function of determining in advance what is to be done and who is to do it. This implies setting goals in advance and developing a way of achieving them efficiently and effectively. Planning cannot prevent problems, but it can predict them and prepare contingency plans to deal with them if and when they occur. Without planning, the other functions of management will be ineffective.