Planning Test -...

Identify correct steps in forecasting:
I. Analysis of deviations
II. Forecasting future course of business
III. Improving the existing forecasting procedure
IV. Identifying and developing the structure
Select the correct answer from the options given.

Planning process comprises determination and laying down of.

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

Which of the following is concerned with the overall purpose and scope of the business to meet stakeholder expectations?

In relation to planning process "principle of navigational change" requires that __________.

Advantages of forecasting _________.

In case of decision making, "diagnosing the real problem implies"________.

Identify the correct steps in planning.
(i) Selecting a course of action
(ii) Determining alternative courses
(iii) Establishing objectives
(iv) Formulating derivative plans
(v) Evaluation of alternatives
(vi) Establishment of planning premises
Select the correct answer from the options given.

Budget is a ___________ statement, prepared and approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. It

The fifth step involved in planning process is the ________.