Business Studies

Planning

Easy

Arrange the following steps of planning process in a logical sequence

(A) Making certain assumptions about the future

(B) Selecting the best possible and viable alternative

(C) Weighing the pros and cons of each alternative

(D) Monitoring the plan to ensure that objectives are achieved

Choose the correct answer from the options given below:

(A), (B), (C), (D)

(A), (C), (B), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

✅ Correct Option: 2

Option 1 -> This sequence suggests selecting alternatives (B) before weighing their pros and cons (C), which is illogical as evaluation must precede selection.

Option 2 -> This follows the correct planning sequence: making assumptions first (A), then evaluating alternatives (C), selecting the best one (B), and finally monitoring (D).

Option 3 -> This incorrectly starts with selecting alternatives (B) before making assumptions (A), which reverses the foundational planning steps.

Option 4 -> This sequence begins with weighing alternatives (C) before making future assumptions (A), and ends with assumptions, which contradicts logical planning flow.

Hence, Option 2: (A), (C), (B), (D) -> The planning process logically begins with making assumptions about the future to establish context, followed by weighing pros and cons of various alternatives through evaluation, then selecting the best viable alternative based on that evaluation, and finally monitoring the plan's implementation to ensure objectives are achieved -> correct

2025: 29 May Shift 2

Arrange the following steps of Planning Process in the correct sequence:

(A) Setting Objectives

(B) Identifying alternative courses of action

(D) Evaluating alternative courses

Choose the correct answer from the options given below:

2026: 21 May Shift 2

"Planning is concerned with the future, which is uncertain, and every planner is using conjecture about what might happen in the future. Therefore, the manager is required to make certain assumptions about the future".

In the above statement, the assumptions can be referred to as:

2022: 30 Aug Shift 1

Reena is working in a car manufacturing company. One day she approaches her supervisor to discuss a better procedure of manufacturing the car. But the superior informs her that he is helpless and cannot change the procedure as it is set by the higher level Management. Identify the limitation of planning highlighted here i.e. Planning :

2026: 6 June Shift 1

"It is a type of plan which quantifies future facts and figures." Identify:

2025: 14 May Shift 2

In the context of the types of plan, identify the correct statement.

2026: 29 May Shift 1

What are the main points of importance of planning ?

(A) It provides benefits of specialisation.

(B) It helps in obtaining competent personnel.

(D) It establishes standards for controlling.

Choose the correct answer from the options given below:

Solution

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