The statement "All other Managerial functions are performed within the framework of plans drawn" refers to the feature of the Planning function which highlights its foundational role in management. In the context of the given options, let's analyze and identify the correct feature:
Planning is pervasive: This means that planning is required at all levels of management and in all departments of an organization. It is a feature that emphasizes universality and omnipresence across different managerial areas.
Planning is futuristic: This aspect of planning focuses on setting goals and predicting future conditions to formulate suitable strategies.
Planning is continuous: Planning is an ongoing process due to constant changes in the environment, requiring plans to be revised and updated regularly.
Planning is the primary function: This suggests that planning serves as the foundation for all other managerial functions and must be established before other functions can be effectively carried out.
Given the statement and options, the feature being discussed is best described by option 4: Planning is the primary function. This underscores that planning forms the basis upon which all other managerial activities are structured and executed. Therefore, while the pervasive nature of planning is important, the statement directly highlights that planning is the initial step required for performing other functions within an organization.
The statement highlights that planning forms the foundation for all other managerial functions, indicating that planning is pervasive. This means that planning is necessary at all levels of management and in all departments of an organization. Whether it’s top-level executives setting strategic goals or lower-level managers organizing tasks, planning ensures alignment, effective resource use, and coordination throughout the organization.
Match List I with List II.
Match the features of planning in List I with their descriptions in List II
List I | List II |
---|---|
A. Planning is Pervasive | I. It is required at all levels of management and in all departments of the organisation. |
B. Planning is Continuous | II. It involves looking ahead and preparing for future events to the best advantage of an organisation. |
C. Planning is a Primary Function | III. It lays down the base for other managerial functions. |
D. Planning is Futuristic | IV. Plans are prepared for a specific period, and at the end of that period, new plans are drawn based on new requirements and future conditions. |
“Planning bridges the gap between where we are and where we want to go”. Identify the features of planning.
Arrange the following sentences logically:
A. He switched off the lights.
B. He brushed his teeth.
C. He lay down on the bed.
D. He read a few pages of his book.
A shopkeeper buys an item for Rs 2000 and marks it up by 50% to set the marked price. He then offers a 20% discount on the marked price. What is the profit earned by the shopkeeper?