Arrange the following steps of planning process in a logical sequence
(A) Making certain assumptions about the future
(B) Selecting the best possible and viable alternative
(C) Weighing the pros and cons of each alternative
(D) Monitoring the plan to ensure that objectives are achieved
Choose the correct answer from the options given below:
The planning process involves a series of steps that help organizations achieve their objectives. Arranging these steps in a logical sequence is crucial for effective planning and decision-making. Let's break down the provided steps and determine their correct order.
The standard planning process generally follows this flow:
Therefore, the logical sequence for the given steps is:
This sequence ensures that planning starts with a realistic view of the future, evaluates options systematically, makes an informed choice, and finally monitors execution.
Which of the following include problems in forecasting?
A. estimates becoming more reliable the further you forecast into the future
B. specification error
C. cyclical variation
D. stationarity in data series
E. consistency in data series
Choose the most appropriate answer from the options given below:
Planning is an important function of management which involves defining the following:
(A) Setting objectives
(B) Deciding on plans, actions and strategies to achieve organisational goals
(C) Allocating and arranging resources
(D) Motivating and inspiring people to perform better
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
| (A) Strategy | (I) Prescribed way of doing a task |
| (B) Method | (II) Detailed statements about a project |
| (C) Programme | (III) Exact manner in which a particular activity is to be done |
| (D) Procedure | (IV) Comprehensive plan for accomplishing objectives |
Choose the correct answer from the options given below: