Question : 'Planning involves setting targets and predicting future conditions, thus helping in making a choice.' Which importance of planning is highlighted in the above statement?
Option 1: Planning provide direction
Option 2: Planning reduce overlapping and wasteful activities
Option 3: Planning reduces the risk of uncertainity
Option 4: Planning facilitates decision making
Correct Answer: Planning facilitates decision making
Solution : Planning helps the managers to take various decisions. As in planning goals are set in advance and predictions are made for future. These prediction and goals help the manager to take fast decision. Hence, option 4 is correct answer.
Question : Department and individuals in the organisation are able to work in co-ordination. Which importance of planning is highlighted in the above statement?
Question : Changes and events cannot be eliminated but they can be anticipated and managerial response to them can be developed which importance of planning is highlighted in the above statement?
Question : Which of the following is not a benefit of planning?
Question : Planning involves ____________ It is essentially the process of choosing among various alternatives.
Question : Which of the following is not an importance of planning?
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