Question

Which of the following are true or false?

(a) Planning and forecasting both are concerned with failure
(b) Forecasting is helpful not only in planning but in the entire management process

• A. Both (a) and (b) are true
• B. Both (a) is true, but (b) is false
• C. Both (a) and (b) are false
• D. Both (a) and (b)

Answer 1

The correct option is A Both (a) and (b) are true

It is true that planning and forecasting both are concerned with failure. We can only predict the future but we can not decide the situations to be held in future. Forecasting is helpful in all the process of management but it just reduces the risk of uncertainties.