Question

State whether the following are True or False:
(a) {As a function of management, Planning increases the cost significantly as it involves research, analysis, and utilisation of manpower.
(b) {Critical point control narrows down focus and intervention to key result areas.

Hint:

In management functions like planning, the aim is to reduce costs through foresight and strategic decision-making, rather than increasing costs.

Answer 1

(a) True or False:}
{As a function of management, planning increases the cost significantly as it involves research, analysis, and utilisation of manpower.
This statement is
False. While planning does involve research, analysis, and utilisation of manpower, its primary objective is to reduce the cost by anticipating potential problems and making more efficient decisions. Planning helps streamline operations and reduce unforeseen costs, thus saving money in the long term.
(b) True or False:}
{Critical point control narrows down focus and intervention to key result areas.
This statement is
True. Critical point control is a management strategy that involves focusing on the most important areas (key result areas) of a project or operation, where intervention can make the most significant impact. It helps prioritize efforts and resources on the critical points that ensure success.
Final Answer:
(a) False
(b) True