Planning – Test 2

Planning process comprises determination and laying down of-
(i) Objectives
(ii) Policies
(iii) Rules
(iv) Remuneration

Which of the following lays down the course of action selected to guide and determine present and future decisions?

The first primary step in planning process is the –

The second step involved in planning process is the

Planning premises signify …. within which planning will take place.

Planning premises may be viewed as

Which of the following can be treated as internal planning premises?

Which of the following can be treated as external planning premise?

…. are those that are largely decided by company management involving policies and programmes.

Premises which are absolutely beyond the clutch of business enterprises are-

The third step involved in planning process is the –

The fourth step involved in planning process is the

The fifth step involved in planning process is the

Which of the following is last step involved in planning process?

Plan can be made

In relation to planning process ”principle of navigational change” requires that……

Which of the following may be defined as analysis and interpretation of the future conditions in relation to operation of the enterprise?

Advantages of forecasting……….

….. referred to planning as synthesis of various forecasts annual, long-term, short-term special , etc.

Statement 1: Forecasting does not play role in planning
Statement 2: Forecasts are based on postulation and assumptions and as such are subject to some amount guess-work

Which of the following signifies actual selection of a courses of action from among a number of alternatives?

If you are planning a trip to place X, have never been three before and have not heard about the whether in place X, during winter you may be in a predicament as to what cloths to carry and what precautions to take. What kind of a decision-making condition is this?

If you are going to put 1,00,000 in a fixed deposit for a year at 10% rate of interest, then you know how much interest yor money will earn. What kind of a decision-making condition is this?

Risk cannot be managed unless it is first ….

Certainty, risk and uncertainty are the three possible conditions of –