MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS PLANNING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A plan is framed, it is implemented and is followed by another plan on the basis of new requirements and future conditions. Which of the following best describes the above statement?

A	Planning focuses on achieving objectives.
B	Planning is continuous.
C	Planning is futuristic.
D	Planning is a mental exercise.

Explanation:

Detailed explanation-1: -Continuity of planning is related with the planning cycle. It means that a plan is framed it is implemented and is followed by another plan and so on. b Planning is futuristic: Planning essentially involves looking ahead and preparing for the future.

Detailed explanation-2: -Answer: The features of Planning which have been highlighted in the above case are: Planning is a mental exercise. For this he involves foresight and intelligent imagination.

Detailed explanation-3: -The plan that involves some procedure and rule is known as: Strategy.

Detailed explanation-4: -Setting an organization’s objectives and the mean; of reaching them.

Detailed explanation-5: -Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.

There is 1 question to complete.