BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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I, II and III
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I, II and IV
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II, III and IV
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All of the above
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Detailed explanation-1: -Planning involves the setting of goals and these predetermined goals are accomplished with the help of managerial functions like planning, organising, staffing, directing and controlling. Planning provides standards against which actual performance is measured.
Detailed explanation-2: -Planning is the process of organizing ideas into actionable steps. Within planning, there are four major categories: strategic, tactical, operational, and contingency planning. Strategic planning is a process that organizations use to determine their goals and objectives.
Detailed explanation-3: -In other words, planning is something to think about before the actions as it is a goal-oriented process. Also, it reduces the complexities of work. Noting down a list of MCQ (multiple-choice questions) based on planning.
Detailed explanation-4: -Planning dictates how to effectively organise a business. It encompasses determining necessary future activities, assigning them to the right personnel, delegating authority, providing tools and raw material, etc.