Planning Test - 1

All others are the characteristics of planning and correct except this one. This is also not correct.

The single use plans are designed for a particular situation and are used for once only. Different plans are made for different situations. e.g. programmes, budgets etc.

Budgets are the statement of expected result expressed in numerical terms.  The standards are compared with actual performances and if there is some deviations, these should be taken care of.

It is not possible to change the pre decided plans. With the changing situations, plans sometimes fail to give positive results. Thus we can say plans lead rigidity.

Planning involves various assumptions, predictions and environmental scanning. Financial and non financial predictions for future reduce the risk of uncertainties.

Implementation of plan means putting the plans into action. It can only be possible after selection of an alternative.

All the activities are directed towards objectives.  These are the end results of planning.  Objectives define the future state of affairs which the organisation want to realise. Example:

• decrease in rejection by 1%
• increase in sales by 15%  etc.

Under planning,  various alternatives are listed and after evaluation of these alternatives the best alternative is selected. All this process involves mental exercise.

It is the limitation of planning.

Rule are norms for actions and non actions of employees. They are rigid in nature. The statement "No smoking in the factory" must be adhered. Thus it comes under Rule.