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Questions and Answers
What is the primary focus of management planning?
What is the primary focus of management planning?
- Reinforcing the controlling function
- Reflecting the company's business strategy
- Identifying ways to achieve goals (correct)
- Setting long-term plans
Which resources need to be identified during the planning process?
Which resources need to be identified during the planning process?
- Financial resources only
- Human resources only
- Marketing resources
- Manpower, production capacity, financial resources (correct)
What is the relationship between planning and controlling functions?
What is the relationship between planning and controlling functions?
- They reinforce each other (correct)
- Planning is a sub-function of controlling
- They are entirely independent functions
- Controlling is the primary function, planning is secondary
What do long-term plans reflect in a company?
What do long-term plans reflect in a company?
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