Question : This step of planning process is the real point of decision making. Identify the step?
Option 1: Identifying the alternative course of action
Option 2: Evaluating the alternative courses of action
Option 3: Selecting the alternative
Option 4: None of the above
Correct Answer: Selecting the alternative
Solution : As a result, the best alternative is chosen, but there is no mathematical formula for doing so. Sometimes, instead of choosing one option, a combination of options can be chosen. The best plan is one that is feasible, profitable, and has the fewest negative consequences. In the preceding example, the actual point of decision making is selecting an alternative during the planning process. Hence, option 3 is the correct answer.
Question : Identify the correct sequence of step involved in the planning process?
Question : Identify the step of planning process where other managerial functions also come into picture.
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 : 'To see whether plans are being implemented and activities are being performed according to schedule is a step of planning process. Identify the step'.
Question : 'To evaluate such proposal detailed calculation of earning, earning per share, interest, taxes, dividends are made and decisions taken' Identify the step of planning function of management is highlighted above.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile