12 BSt – Planning – Test 1
The number of attempts remaining is 3
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1. Which characteristic highlights that planning is the basis for all other managerial functions, establishing the goal that others follow?
Planning is a primary function of management; it lays down the base for all other managerial functions (primacy of planning).
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2. Planning is required at all levels—Top, Middle, and Supervisory—though its scope differs at each level. This highlights which feature of planning?
Planning is pervasive, meaning it is required at all levels (top, middle, supervisory) and in all departments.
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3. Planning helps in coordinating activities and avoiding redundant actions, thereby achieving which benefit?
Planning reduces overlapping and wasteful activities by serving as a basis for coordinating actions.
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4. Planning establishes goals against which actual performance is measured. This linkage demonstrates the role of planning in establishing standards for:
Planning establishes standards for controlling, providing the goals against which actual performance is measured.
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5. Planning involves the application of mind, foresight, intelligent imagination, and sound judgment, leading it to be categorized as an:
Planning is a mental exercise, requiring the application of mind, foresight, intelligent imagination, and sound judgment (intellectual activity of thinking rather than doing).
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6. Which limitation arises when lower levels of management may only implement orders from top management without offering their input?
Planning reduces creativity, as lower levels may only implement orders, losing initiative or innovative ideas.
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7. If a business relies solely on plans that worked successfully in the past, it risks complacency. This points to which limitation?
Planning does not guarantee success; relying solely on previously successful plans can lead to complacency and failure.
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8. The first step in the planning process requires setting objectives that must be clearly stated and:
The first step is Setting Objectives, which must be clearly stated, measurable, and set for the entire organization and individual units.
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9. Planning is described as bridging the gap between which two positions?
Planning seeks to bridge the gap between where we are and where we want to go.
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10. Planning is concerned with both the ‘ends’ (what to achieve) and the ‘means’ (how to achieve it). What aspect of planning is represented by the ‘ends’?
Planning is concerned with both ends and means. The ‘ends’ refer to setting objectives.
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11. According to IOCL’s goal of achieving net zero operational emissions by 2046, this action serves as a crucial example of:
IOCL’s goal of net zero emissions is an example of sustainable planning.
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12. The need to choose the best possible course of action from various alternatives confirms which feature of planning?
Planning involves decision making, as it requires choosing from among various alternatives.
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13. If the detailed formulation of plans takes too long, leaving little time for the execution phase, this highlights which limitation?
Planning is a time-consuming process; formulation of detailed plans can take so much time that little time is left for implementation.
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14. Planning facilitates decision making by helping managers evaluate alternatives and select the most viable proposition based on:
Planning facilitates decision making by helping managers evaluate alternatives and select the most viable proposition.
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15. By enabling managers to look ahead, anticipate changes, and develop managerial responses, planning achieves which specific benefit?
Planning reduces the risks of uncertainty by enabling managers to look ahead and anticipate changes.
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16. The external forces like the economic, political, legal, and social environment constantly change, making accurate assessment difficult. This results in the limitation that:
Planning may not work in a dynamic environment, as the business environment is constantly changing, making accurate assessment difficult.
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17. What must planning contribute to, emphasizing its purposeful nature?
Planning focuses on achieving objectives and contributes to predetermined organisational goals.
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18. Which benefit of planning ensures that managerial actions are directed toward the stated objectives, reducing ambiguity?
Planning provides directions by clearly stating goals and guiding action towards objectives.
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19. The fact that pre-decided plans limit managers’ ability to cope with changed circumstances is described as which limitation?
Planning leads to rigidity, as pre-decided plans limit managers’ flexibility.
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20. Which feature states that planning is regarded as a forward-looking function and is based on forecasting?
Planning is futuristic, involving looking ahead and preparing for the future; it is regarded as a forward-looking function based on forecasting.
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21. The cost associated with scientific calculations and professional expert consultations relates to which limitation of planning?
Planning involves huge costs related to time, money, scientific calculations, and professional expert consultations.
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22. Making assumptions about the uncertain future, such as forecasts and existing plans, is performed during which step of the planning process?
Developing Premises involves making certain assumptions about the uncertain future (forecasts, existing plans, past information).
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23. When a plan is created for a specific period and then followed by a new plan, this demonstrates which feature?
Planning is continuous; plans are framed for specific periods and are followed by new plans (related to the planning cycle).
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24. Planning encourages new ideas, allowing them to take the shape of concrete plans, thereby achieving which importance?
Planning promotes innovative ideas, as new ideas can take the shape of concrete plans.
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25. The concept of planning is closely connected with which two elements of organizational action?
Planning is closely connected with creativity and innovation.
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