Question : Adarsh wants to start a business of opening a fast food chain. Arti his friend, told him to perform planning as a function of management, as it precedes all function of management, i.e. organising, staffing, directing and controlling. Identify the feature of planning referred to here.

Option 1: Planning is a primary function

Option 2: Planning is pervasive

Option 3: Planning is continuous 

Option 4: Planning is futuristic

Question : The liability of a shareholder is limited to _________  of the shares allotted to him.

Option 1: Paid up value

Option 2: Called up value 

Option 3: Face value

Option 4: Reserve price