Manager can look into the future and make a choice from amongst various alternative courses of action.' Identify the significance of managerial function highlighted in this statement. Option 1: Provides direction Option 2: Reduces risks of uncertainty Option 3: Reduces overlapping and wasteful activities Option 4: Facilitates decision making

The answer is 'Facilitates decision making'. View full solution:

CUET Business Studies - Manager can look into the future and make a choice from amongst various alternative courses of action.' Identify the significance of managerial function highlighted in this statement. | PYQs + Solutions

CUET Business Studies

Business Studies

Medium

Provides direction

Reduces risks of uncertainty

Reduces overlapping and wasteful activities

Facilitates decision making

✅ Correct Option: 4

Related questions:

17 Aug Shift 1

Aren has completed his studies and now wants to start his own business. He has undertaken the given steps in the planning process. Rearrange them to create the correct process of planning.

A. He has forecasted the demand of his products, interest rate, price of capital goods, tax rate

B. Aren decides to produce in bulk to reduce cost of production

C. Aren found out that increasing price and reducing quality will reduce his customers, but producing in bulk will increase customers

D. Aren sets an objective to earn 20% profit in the first year of business

E. To achieve the target, Aren can reduce price of product or reduce quality of raw material or produce in bulk to reduce cost of production.

Choose the correct answer from the options given below:

16 July Shift 2

Identify the correct sequence of steps involved in the Planning process.

A. Identifying alternative

B. Selecting an alternative

C. Evaluating alternative

D. Follow up action

E. Implementing the plan

Choose the correct answer from the options given below:

6 Oct Shift 1

Which of the following statements are related to limitations of planning?

A. Planning leads to rigidity

B. Planning is futuristic

C. Planning reduces creativity

D. Planning does not guarantee success

E. Planning involves decision making

Choose the correct answer from the option given below:

CUET Business Studies PYQs

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