"Planning is an Activity which enables a manager to look ahead and anticipate changes." Identify the point of Importance of Planning. Option 1: Planning reduces the risk of uncertainty Option 2: Planning facilitates decision making Option 3: Planning establishes standards for controlling Option 4: Planning provide directions

The answer is 'Planning reduces the risk of uncertainty'. View full solution:

CUET Business Studies - "Planning is an Activity which enables a manager to look ahead and anticipate changes." Identify the point of Importance of Planning. | PYQs + Solutions

CUET Business Studies 2023 22 June Shift 1

Business Studies

Easy

Planning reduces the risk of uncertainty

Planning facilitates decision making

Planning establishes standards for controlling

Planning provide directions

✅ Correct Option: 1

Related questions:

CUET Business Studies 2024 Slot 1

Identify the function of management highlighted in the above case.

31 May Shift 1

Match List-I with List-II

List-I	List-II
Types of plan	Meaning
(A) Objectives	(I) Specific statements that inform what is to be done.
(B) Policy	(II) Broad contours of an organization's business.
(C) Strategies	(III) Ends that the management seeks to achieve.
(D) Rule	(IV) Provides a basis for interpreting the strategy.

Choose the correct answer from the options given below:

21 May Shift 1

Identify the potential limitations of Planning:

(A) It increases the creativity.

(B) Managers have poor planning knowledge and skills.

(D) The costs incurred sometimes may not justify the benefits derived from the plans.

Choose the correct answer from the options given below: