Business Studies

Planning

Easy

Since the future cannot be predicted with absolute accuracy, ___________ premises may not be fully reliable.

Delegating

Planning

Coordination

Controlling

✅ Correct Option: 2

Option 1 -> Delegating involves assigning tasks and authority to subordinates, which is more about present organizational structure rather than future predictions.

Option 2 -> Planning involves setting objectives and determining future courses of action based on assumptions and forecasts about future conditions, making its premises inherently uncertain.

Option 3 -> Coordination focuses on harmonizing current activities and efforts across different departments or individuals in the present.

Option 4 -> Controlling involves monitoring current performance against standards and taking corrective actions, primarily dealing with present comparisons.

Hence, Option 2: Planning -> Planning is inherently future-oriented and relies on premises, assumptions, and forecasts about future conditions, resources, markets, and events. Since the future is uncertain and cannot be predicted with complete accuracy, the premises on which plans are based may not be fully reliable, making planning subject to limitations and requiring flexibility -> correct

2026: 21 May Shift 2

Arrange the following steps of the planning process in correct order:

A. Selecting an alternative

B. Setting objectives and developing premises

C. Evaluating alternative courses of action

D. Implementing the plan

Choose the correct answer from the options given below:

2022: 15 July Shift 2

Amrit Lala, MD of Awasthi Ltd, retired after 33 years of service. The responsibility was given to Amit. Amit realized that there was lot of rivalry, confusion and misunderstanding among departmental heads. He detected inefficiencies, took corrective action and developed a master plan for the organisation to follow. This served as basis for coordinating the activities of all the departments, led to clarity of thought and action and the work got a smooth start.

Identify the importance of planning highlighted in the above paragraph.

2025: 29 May Shift 2

An expected statement of expenses, revenue and income for a specified period is known as:

2025: 16 May Shift 1

____________ is usually developed once but is modified from time to time to meet business needs as required.

2025: 3 June Shift 1

Which of the following is NOT related to the types of plan?

2025: 27 May Shift 2

Which function of management is considered as the "thinking function"?

Since the future cannot be predicted with absolute accuracy, ___________ premises may not be fully reliable.

Solution

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