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

Planning reduces uncertainties

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Planning is continuous

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Planning is cost effective

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None of the above

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Solution

The correct option is A
Planning reduces uncertainties

Planning reduces the risk of uncertainty. By deciding in advance, planning shows the way to deal with changes and uncertain events. Such changes, when anticipated can be handled in an effective manner to reduce uncertainties.

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Similar questions

As per the manager of the comprehensive group, changes in business environment restrict freedom of planning for the management'. In a fast changing environment, management has a little control over external events.

(i) Which limitation of planning has been highlighted in the quoted line?

(ii) State any three limitations of planning.

(iii) Identify the value, which can be implemented by a comprehensive group to overcome such limitations.

'Planning is looking ahead and controlling is looking back'. Comment.

'Planning looks ahead and controlling looks back'. Comment.

Q. Explain the following as features of planning:
(a) Planning is continuous and
(b) Planning is futuristic

'Planning eliminates uncertainties'.

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

The correct option is A Planning reduces uncertainties Planning reduces the risk of uncertainty. By deciding in advance, planning shows the way to deal with changes and uncertain events. Such changes, when anticipated can be handled in an effective manner to reduce uncertainties.

The correct option is A
Planning reduces uncertainties

Planning reduces the risk of uncertainty. By deciding in advance, planning shows the way to deal with changes and uncertain events. Such changes, when anticipated can be handled in an effective manner to reduce uncertainties.