Scope of Planning

Q.

Discuss the relationship between planning and controlling.

Q.

'Planning eliminates uncertainties'.

1. True

2. False

Q.

Planning enables a manager to look ahead and anticipate changes. Identify, which benefit of planning is highlighted here?

Q.

A company needs a detailed plan for its new project which is the construction of a shopping mall. What type of plan is it? What steps of planning will be considered to prepare this plan for the construction of a shopping mall?

Q.

Do you think planning can work in a changing environment?

Q.

To see whether plans are being implemented and activities are being performed according to schedule, is a step of a planning process. Identify the step.

Q.

Planning enables a manager to look ahead and anticipate changes. Identify, which benefit of planning is highlighted here?

1. Planning reduces uncertainties

2. Planning is continuous

3. Planning is cost effective

4. None of the above

Q.

Rishal, Ritika and Karthik are best friends. They decided to enter into partnership business of constructing a mall. Which function of management is referred here?

1. Staffing

2. Controlling

3. Organising

4. Planning

Q.

'Once plans are made managers may not be in a position to change them'?

1. Time-consuming

2. Incur a low cost

3. Leads to rigidity

4. Open, dynamic and creative thoughts

Q. Direct plan can be made for which one of the following.

1. Sales message
2. Request refusal letters
3. Claims letters
4. None of the above.

Q. _______ requires a fresh way of looking at things, an understanding of people, and an entrepreneurial willingness to take risks and to work hard.

1. Inability
2. Development
3. Innovation
4. Training

Q. A decision table consists of two parts

1. Stub and entry
2. Pros and cons
3. Condition and result
4. None of the above

Q. The success of an organization greatly depends on the decisions that managers make. What are the three decision-making conditions, which managers deal with, in analyzing decision alternatives?

1. Certainty, Uncertainty, Risk
2. Certainty, Uncertainty, Maximax
3. Certainty, Minimax, Risk
4. Maximax, Uncertainty, Risk

Q. It is high time that we did something.

1. Had done
2. Have done
3. Would do
4. NO IMPROVEMNT

Q. __________ may be defined as analysis and interpretation of the future conditions in relation to operations of the enterprises.

1. Planning
2. Forecasting
3. Decision making
4. Directing

Q. The process of creating something new is ________.

1. business model
2. modeling
3. innovation
4. creative flexibility