Question : Assertion: Planning is a forward-looking function of management.
Reason: It involves setting objectives and determining the best course of action to achieve them.
Option 1: Both assertion and reason are correct, and the reason explains the assertion.
Option 2: Both assertion and reason are incorrect.
Option 3: The assertion is correct, but the reason is incorrect.
Option 4: The assertion is incorrect, but the reason is correct.
Option 5: Both assertion and reason are correct, and the reason is not the correct explanation of the assertion.
Correct Answer: Both assertion and reason are correct, and the reason explains the assertion.
Solution : The correct answer is (a) Both assertion and reason are correct, and the reason explains the assertion.
The assertion that "Planning is a forward-looking function of management" is correct. Planning involves looking into the future, setting objectives, and determining the best course of action to achieve those objectives. It's about preparing for what lies ahead.
The reason provided is also correct. Planning, as a management function, does involve setting objectives and determining the most appropriate strategies and actions to achieve those objectives. This is a fundamental aspect of planning.
Question : Assertion: The management functions of planning and controlling are closely related.
Reason: Planning involves setting targets, and controlling involves measuring actual performance against those targets.
Question : Assertion: Management is necessary in all types and sizes of organizations.
Reason: It ensures effective utilization of resources and achievement of objectives.
Question : Assertion: The management process is continuous and ongoing.
Reason: It involves a series of interconnected functions that are performed repeatedly.
Question : Assertion: Management is a dynamic process.
Reason: It involves adapting to changing circumstances and making necessary adjustments.
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