Functions of Planning in Management
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Questions and Answers

Why is planning considered critical in management?

  • It simplifies decision making
  • It contributes to controlling subordinates
  • It sets the organization's direction and purpose (correct)
  • It involves selecting among alternatives

    • What is the primary function in management activity?

  • Controlling
  • Planning (correct)
  • Decision making
  • Forecasting

    • Which recent surge of interest in planning has been mentioned in the text?

  • Strategic planning (correct)
  • Short-range planning
  • Operational planning
  • Tactical planning

    • What will you learn about in this unit according to the text?

    <p>The essentials of planning</p> Signup and view all the answers

    Which function must a manager perform in order to carry out managerial functions efficiently?

    <p>Planning</p> Signup and view all the answers

    What is the role of forecasting in planning according to the text?

    <p>Aids in decision making</p> Signup and view all the answers

    What is the specific connotation of planning in the context of formal organizations and their management?

    <p>Deciding in advance for a specific period and taking necessary steps</p> Signup and view all the answers

    What does planning imply in the context of organizations?

    <p>All of the above</p> Signup and view all the answers

    What is the importance of planning function in providing direction to activities of an organization?

    <p>It strengthens confidence in understanding where the organization is heading</p> Signup and view all the answers

    What does planning allow managers to examine and analyze?

    <p>Courses of action with a better understanding of their likely consequences</p> Signup and view all the answers

    When should managers be able to exercise judgement to choose the most feasible and favorable course of action?

    <p>When understanding the likely consequences of alternative courses of action</p> Signup and view all the answers

    How do parents often decide about the education of their children?

    <p>By deciding in advance what is to be done in the future for a specific period</p> Signup and view all the answers

    What does planning in formal organizations entail when looking ahead into the future?

    <p>Anticipating future events and allocating scarce resources</p> Signup and view all the answers

    What is another source of importance of planning?

    <p>It provides an opportunity to analyze alternative courses of action</p> Signup and view all the answers

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