Management Planning and Controlling Functions
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Questions and Answers

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?

  • Financial resources only
  • Human resources only
  • Marketing resources
  • Manpower, production capacity, financial resources (correct)

    • 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?

    <p>Company's business strategy</p> Signup and view all the answers

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