Basic Concepts related to Planning in Business

What is the purpose of setting objectives in the planning process?

Which of the following is NOT a feature of planning?

Which type of plan is used to provide guidance for a wide variety of activities?

What is the first step in the planning process?

Which of the following is a primary function of planning in business?

What is the role of 'Remuneration' in management?

Explain the concept of 'Centralization and Decentralization' in management.

What is the significance of the principle 'Esprit de Corps'?

How does the principle of 'Initiative' benefit an organization?

What is meant by the principle of 'Subordination of Individual Interest to General Interest'?

Describe the principle of 'Unity of Direction.'

What is the purpose of 'Discipline' in management?

Explain the principle of 'Scalar Chain.'

What is the role of 'Stability of Personnel' in management?

How does 'Authority and Responsibility' balance affect management?

What is the significance of 'Division of Work' in management?

Define the concept of 'Unity of Command.'

What are the primary functions of management?

"A comprehensive plan which helps in accomplishing an organisation objective."