Question

    Which of the following forms part of the ‘Planning’

    function? A)         Forecasting B)         Choice among alternative courses of action. C)         Wishful thinking D)         Decision only by production manager
    A Only A Correct Answer Incorrect Answer
    B A and B Correct Answer Incorrect Answer
    C A and D Correct Answer Incorrect Answer
    D A, B and D Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    The planning function of management includes establishing objectives, developing premises, determining alternative courses of action, formulation of plans, securing co-operation and follow-up on plans. Wishful thinking is not a part of planning as it does not involve any concrete objectives or goals to achieve. Planning is important in all departments and levels of the organisation and not only limited to the production function.

    Practice Next
    More Alternate Sources of Finance Questions
    ask-question