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A company owned by Vikas Malhotra has a set target and objectives to achieve in the coming year. He informed the production manager in one of the meeting that the company has to produce 1 million units of the product every day to meet its objectives and Mr. Vikas has decided to monitor the performance of production manager so as to control it accordingly. Identify the importance of planning in the above case.
  • a)
    Planning reduces overlapping and wasteful activities.
  • b)
    Planning facilitates decision making.
  • c)
    Planning establishes standards for controlling.
  • d)
    Planning reduces the risks of uncertainty.
Correct answer is option 'C'. Can you explain this answer?
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A company owned by Vikas Malhotra has a set target and objectives to a...
Planning involves setting of goals. The entire managerial process is concerned with accomplishing predetermined goals through planning, organising, staffing, directing and controlling. Planning provides the goals or standards against which actual performance is measured. By comparing actual performance with some standard, managers can know whether they have actually been able to attain the goals. If there is any deviation it can be corrected. Therefore, we can say that planning is a prerequisite for controlling.
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A company owned by Vikas Malhotra has a set target and objectives to achieve in the coming year. He informed the production manager in one of the meeting that the company has to produce 1 million units of the product every day to meet its objectives and Mr. Vikas has decided to monitor the performance of production manager so as to control it accordingly. Identify the importance of planning in the above case.a)Planning reduces overlapping and wasteful activities.b)Planning facilitates decision making.c)Planning establishes standards for controlling.d)Planning reduces the risks of uncertainty.Correct answer is option 'C'. Can you explain this answer?
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A company owned by Vikas Malhotra has a set target and objectives to achieve in the coming year. He informed the production manager in one of the meeting that the company has to produce 1 million units of the product every day to meet its objectives and Mr. Vikas has decided to monitor the performance of production manager so as to control it accordingly. Identify the importance of planning in the above case.a)Planning reduces overlapping and wasteful activities.b)Planning facilitates decision making.c)Planning establishes standards for controlling.d)Planning reduces the risks of uncertainty.Correct answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about A company owned by Vikas Malhotra has a set target and objectives to achieve in the coming year. He informed the production manager in one of the meeting that the company has to produce 1 million units of the product every day to meet its objectives and Mr. Vikas has decided to monitor the performance of production manager so as to control it accordingly. Identify the importance of planning in the above case.a)Planning reduces overlapping and wasteful activities.b)Planning facilitates decision making.c)Planning establishes standards for controlling.d)Planning reduces the risks of uncertainty.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company owned by Vikas Malhotra has a set target and objectives to achieve in the coming year. He informed the production manager in one of the meeting that the company has to produce 1 million units of the product every day to meet its objectives and Mr. Vikas has decided to monitor the performance of production manager so as to control it accordingly. Identify the importance of planning in the above case.a)Planning reduces overlapping and wasteful activities.b)Planning facilitates decision making.c)Planning establishes standards for controlling.d)Planning reduces the risks of uncertainty.Correct answer is option 'C'. Can you explain this answer?.
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