Question : Manager is required to make certain assumption about the future. Identify the step in planning process.
Option 1: Developing premises
Option 2: Evaluating the alternative courses of action
Option 3: Selecting the alternative
Option 4: Identifying the alternative course of action
Correct Answer: Developing premises
Solution : Premises refers to making assumption regarding future. Premises are the base on which plans are made. It is a kind of forecase made keeping in view existing plans and any past information about various policies. Hence, option 1 is the correct answer.
Question : Identify the correct sequence of step involved in the planning process?
Question : This step of planning process is the real point of decision making. Identify the step?
Question : A company is manufacturing garments. The manager wants to increase profit by purchasing new high speed machine or increasing the sale price or using waste material in manufacturing stuffed toys. Identify the step of planning process?
Question : Case Study: PQR Software Solutions (Continued)
The next step PQR Software Solutions should take after identifying various courses of action is:
Question : Case Study: DEF Educational Institute (Continued)
The next step DEF Educational Institute should take after evaluating alternative courses of action is:
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