Which of the following is related to the benefits of Planning?
(A) Planning provides directions
(B) Planning ensures certainty
(C) Planning establishes standards for controlling
(D) Planning facilitates decision making
Choose the correct answer from the options given below:
Which of the following is related to the benefits of Planning?
(A) Planning provides directions
(B) Planning ensures certainty
(C) Planning establishes standards for controlling
(D) Planning facilitates decision making
Choose the correct answer from the options given below:
Solution
Option 1 -> (A), (B) and (D) only - This is incorrect because planning does NOT ensure certainty; it only helps reduce uncertainty.
Option 2 -> (A), (B) and (C) only - This is incorrect because planning does NOT ensure certainty; business environments remain uncertain despite planning.
Option 3 -> (A), (B), (C) and (D) - This is incorrect because statement (B) is false; planning cannot guarantee certainty in a dynamic business environment.
Option 4 -> (A), (C) and (D) only - This correctly excludes statement (B) while including all true benefits of planning.
Hence, Option 4: (A), (C) and (D) only -> Planning provides directions by setting clear objectives, establishes standards for controlling by creating benchmarks for performance measurement, and facilitates decision making by providing a systematic framework. However, planning does NOT ensure certainty - it only helps reduce uncertainty as business environments remain unpredictable. Therefore, statements (A), (C), and (D) are valid benefits while (B) is not. -> correct
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