| Direction (6-10): Read the following text and answer question numbers 6-10 on the basis of the same |
| Mega Ltd. holds an Annual Management Program every year in the month of March in which the top managerial personel formulate plans for the next year by analysing and predicting the future to meet future events effectively. They make certain assumptions about the future which are considered to be the base material upon which the plans are to be drawn. As they are responsible for providing direction to the organisation, facts are thoroughly checked through scientific calculations. Detailed plans are prepared after discussion with professional experts. Preliminary investigations are also undertaken to find out the viability of the plan. Since it is an intellectual activity requiring intelligent imagination and sound judgement, it is mainly done by the top management. Usually, rest of the members just implement the plants. Middle level managers are neither allowed to deviate from the plants nor are they permitted to act on their own. The top management ensures that the expenses incurred in formulating the plans justify the benefits derived from them. The management of Mega Ltd. is able to anticipate changes /uncertainties and develop managerial response form them. |
A) Setting objectives
B) Developing premises
C) Implementing the plan
D) Follow up action
Correct Answer: B
Solution :
[b]
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