Planning Test -...

Which of the following is fundamental function of management and all other functions of management are greatly influenced by it?

 _________is regarded as the mental processes resulting in the selection of action among alternative scenarios.

____________specifies investment in current assets like inventory, debtors, etc., at different points of time.

Identify which of the following statement is correct (right) and which is incorrect (wrong)
I - Unique feature of control is that it can exist without planning.
II - Task of planning does end with assessing the future.

Statement I: Forecasting does not play any role in planning.
Statement 2: Forecasts are based on postulations and assumptions and, as such, are subject to some amount of guess-work.

If you are going to put Rs 1,00,000 in a fixed deposit for a year at 10% rate of interest, then you know how much interest your money will earn. What kind of a decision making condition is this?

Limitations of planning________________________________.

Identify the best definition of planning_______________________.

Identify the correct steps in planning.
i. Selecting a course of action.
ii. Determining alternatives 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 below:

Which qualities should a person possess to succeed in planning?
I - Reflective thinking 
II - Pondering
III - Imagination
IV - Farsightedness
V - Reflecting