Question

Planning is

• A. Necessary
• B. Unnecessary
• C. Wastage of time
• D. Wastage of money

Hint:

Without planning, business operations become directionless and chaotic.

Answer 1

The Correct Option is A

Step 1: Importance of planning.
Planning provides direction, reduces uncertainty, and ensures efficient use of resources.
Step 2: Why it is necessary.
- It sets clear objectives.
- It coordinates efforts of employees.
- It anticipates future risks and prepares solutions.
- It improves efficiency and productivity.
Step 3: Option analysis.
- (A) Necessary: Correct, planning is essential for every organization.
- (B) Unnecessary: Wrong, no organization can work without planning.
- (C) Wastage of time: Wrong, planning saves time in the long run.
- (D) Wastage of money: Wrong, planning reduces cost by avoiding mistakes.
Step 4: Conclusion.
Planning is necessary for organizational success.