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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Planning is a time-saving process. Reason (R): The success of an enterprise is possible only when plans are properly drawn up and implemented.
  • a)
    Both (A) and (R) are true, and (R) is the correct explanation of (A).
  • b)
    Both (A) and (R) are true, but (R) is not the correct explanation of (A).
  • c)
    (A) is true, but (R) is false.
  • d)
    (A) is false, but (R) is true.
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Directions: In the following questions, a statement of Assertion (A) i...
Planning is a time-consuming process. Sometimes plans to be drawn up take so much of time that there is not much time left for their implementation.
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Directions: In the following questions, a statement of Assertion (A) i...
Assertion (A): Planning is a time-saving process.
Reason (R): The success of an enterprise is possible only when plans are properly drawn up and implemented.

Explanation:
Planning is an essential function of management that involves setting objectives and determining the best way to achieve them. It is a systematic process of thinking about future activities, identifying potential issues, and developing strategies to overcome them.

Planning as a time-saving process:
- Planning helps in saving time by providing a roadmap for action. When plans are properly drawn up, they outline the steps that need to be taken in a logical sequence, allowing for a smooth flow of activities.
- By planning ahead, managers can anticipate potential problems and take preventive measures, which can save time in the long run. For example, if a company plans its production process well in advance, it can avoid delays and disruptions that may occur due to unforeseen circumstances.
- Planning also helps in avoiding duplication of efforts and wastage of resources. By having a clear plan in place, managers can allocate resources efficiently, ensuring that they are used in the most productive manner. This helps in saving time and increasing overall efficiency.

Success of an enterprise:
- The success of an enterprise depends on various factors, and one of them is effective planning. Without proper planning, organizations may face a lack of direction, confusion, and inefficiency in their operations.
- A well-planned approach enables organizations to set clear objectives, determine the best course of action, allocate resources effectively, and monitor progress towards goals. This increases the likelihood of success and helps in achieving desired outcomes.
- Planning also helps in identifying potential risks and developing contingency plans to mitigate them. This proactive approach can prevent costly mistakes and minimize disruptions, contributing to the overall success of the enterprise.

Conclusion:
Both the assertion and the reason are true, but the reason is not the correct explanation of the assertion. While planning is indeed a time-saving process, its importance extends beyond just saving time. Planning plays a crucial role in guiding and directing the activities of an enterprise, increasing efficiency, and contributing to its overall success. Therefore, option (b) is the correct answer.
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Planning is a time-saving process. Reason (R): The success of an enterprise is possible only when plans are properly drawn up and implemented.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'D'. Can you explain this answer?
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Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Planning is a time-saving process. Reason (R): The success of an enterprise is possible only when plans are properly drawn up and implemented.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Planning is a time-saving process. Reason (R): The success of an enterprise is possible only when plans are properly drawn up and implemented.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Planning is a time-saving process. Reason (R): The success of an enterprise is possible only when plans are properly drawn up and implemented.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): Planning is a time-saving process. Reason (R): The success of an enterprise is possible only when plans are properly drawn up and implemented.a)Both (A) and (R) are true, and (R) is the correct explanation of (A).b)Both (A) and (R) are true, but (R) is not the correct explanation of (A).c)(A) is true, but (R) is false.d)(A) is false, but (R) is true.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
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