Question

Planning is an important function of management which involves defining the following: (A) Setting objectives
(B) Deciding on plans, actions and strategies to achieve organisational goals
(C) Allocating and arranging resources
(D) Motivating and inspiring people to perform better

• A. (A), (B) and (D) only
• B. (A) and (B) only
• C. (A), (B) and (C) only
• D. (A) and (C) only

Hint:

Effective planning focuses on setting objectives, defining strategies, and organizing resources to achieve those objectives.

Answer 1

The Correct Option is C

Step 1: Planning in Management.
Planning involves setting the foundation for achieving organizational goals by considering the future and deciding on the course of action.
Step 2: Analyzing each option.
- (A) Setting objectives: One of the key elements of planning is to set clear, achievable objectives that guide the organization.
- (B) Deciding on plans, actions, and strategies to achieve organizational goals: Planning also involves defining the actions and strategies required to meet the set objectives.
- (C) Allocating and arranging resources: Allocating the necessary resources is an essential part of the planning process to achieve the objectives efficiently.
- (D) Motivating and inspiring people to perform better: This is part of the directing function, not planning.
Step 3: Conclusion.
The correct answer is (A), (B) and (C) only, as these are integral components of the planning function.
Final Answer: \[ \boxed{\text{The correct answer is (3) (A), (B) and (C) only.}} \]