| Direction: Q. 1 to 4 |
| Read the given passages and answer the questions that follow. |
| I. Anamika Ltd. holds an Annual Management Programme every year in the month of March in which the top managerial personnel 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 directions to the organization, facts are thoroughly checked through scientific calculations. Detailed plans are prepared after discussion with professional expert. Preliminary investigations are also undertaken to find out the viability of the plan. Since it is an intellectual activity requiring intelligent imagination and sound judgment, it is mainly done by the top management- Usually, rest of the members just implement the plans. Middle level managers are neither allowed to deviate from the plans 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 Anamika Ltd. is able to anticipate changes/uncertainties and develop managerial responses to them. |
A) Planning reduces the risks of uncertainty
B) Planning promotes innovative ideas
C) Planning provides directions
D) Planning facilitates decision making
Correct Answer: A
Solution :
[a] Planning reduces the risk of uncertainty. Planning function enables a manager to look forward and anticipate changes
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