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Planning Test - 16

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Planning Test - 16
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  • Question 1
    1 / -0
    Which of the following would be a part of planning?
    Solution
    Planning consists both of problem solving and decision making. Plans are made for uncertainties which helps in solving and overcoming the situations properly. Planning also helps to take various decisions. Therefore planning is of great importance and thus a primary function of management. 
  • Question 2
    1 / -0
    The most basic or primary functions of management is _______.
  • Question 3
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    Which of the following would be refereed to planning?
    Solution
    The basic feature of planning is that it is goal oriented. Planning contributes to objectives. It starts with the determination of objectives and then it decides the methods, procedures and steps to be taken for achievement of set objectives. Plans keeps on changing if things are not moving as per the goals.
  • Question 4
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    Long-term planning covers a period of _______.
    Solution
    Planning can be classified into long term, medium term and short-term. Every organisations have their own goals. For long term goals there is long term planning. It usually covers a period of 5, 10, 15 years or more. Planning for a long term is harder and complex as it is a plan to fulfill the estimation of future needs.
  • Question 5
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    What is the span of medium term planning?
    Solution
    Planning is a function used to outline the goals and objectives for organisation for the future. According to the time period, the span of medium term plan is 2 to 5 years. Since there are uncertainties associated with long term plans, medium term plans are the primary concern of most organisations. 
  • Question 6
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    What are the limitations of planning?
    Solution
    Inaccuracy, time consuming, false security are some of the limitations of planning.  As future is always uncertain, plans made are not 100% accurate. It is a time consuming process as it requires lot of time in developing plans. Sometimes planners have false sense of security that as the plans have been successful in past, they will be successful in future as well.
  • Question 7
    1 / -0
    Which of the following would be referred to planning?
    Solution
    Planning is forecasting as it is deciding in advance what to do, how to do, when to do and who is to do it. Planning is futuristic as it is never done for the past. Planning bridges the gap from where we are to where we want to go.
  • Question 8
    1 / -0
    Which of the following would be refereed to planning?
    Solution
    Planning always means looking ahead or we can say planning is a futuristic function. In planning predictions and assumptions are made for future on the basis of past experiences and with the regular and intelligent scanning of the general environment. 
  • Question 9
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    Strategic planning is _________.
    Solution
    Strategic planning is long term planning that involves all the organisation's management areas and its content is relatively general. It focuses on broad and long lasting issues  that ensure the organisation's long term effectiveness and survival. Strategic planning is the responsibility of the organisation's director and executive levels.
  • Question 10
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    Corporate planning is ________.
    Solution
    Corporate planning is a planning which involves the determination of objectives of the organisation as a whole and for the various departments separately. Strategies  are also made to accompalish the targets. They are converted into plans which are implemented accordingly. Then performance of plan is judged in the light of the objectives of corporate planning. Thus corporate planning is long term in nature. 
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