Planning Test -...

____________ is the direction and scope of an organization over the long-term; which achieves advantage for the organization through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations.

Assertion (A): MBO is effective way of planning and organising the work.
Reason (R): Employees participate in setting the objectives.

_________ as a general statement of understanding lays down the limits within which decisions are to be made and assures consistent and unified performance.

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

Identify which of the following statement is correct ($$\checkmark$$) and which is incorrect (x)?
(a) Planning is part of decision-making.
(b) Business process is also called business function.
(c) Planning is a fundamental function of management and all other functions of management are greatly influenced by planning process.
(d) Selling is a narrow concept as compared to marketing.
Select & correct answer from the options given below.

Which of the following specifies estimated expenditure to carry out research and development?

Which of the following can be treated as feature of strategy?
(1) It reflects concern to effectively mobilize resources.
(2) It maximizes chances to achieve objectives.
(3) Formulating strategies is the job of top management.
Select the correct answer from &options given below.

Operational strategy focuses on issues of ____________

Planning is the __________ of management.

Which of the following is concerned with how each part of the business is organized to deliver the corporate and business-unit level strategic direction and is concerned with strategic decisions about choice of products, meeting needs of customers etc?