Read the following statements carefully :
Statement I : Planning and controlling are both forward-looking as well as backward-looking.
Statement II : Planning is evaluative, whereas controlling is prescriptive.
In the light of the given statements, choose the correct alternative from the following :
Read the following statements carefully :
Statement I : Planning and controlling are both forward-looking as well as backward-looking.
Statement II : Planning is evaluative, whereas controlling is prescriptive.
In the light of the given statements, choose the correct alternative from the following :
Show Hint
- Statement I is true and Statement II is false.
- Statement I is false and Statement II is true.
- Both Statement I and Statement II are true.
- Both Statement I and Statement II are false.
The Correct Option is A
Solution and Explanation
Planning looks ahead and decides what to do. Controlling looks back at what was done and checks it against the plan.
Even so, each function also draws on the other direction. Planning uses past experience, and controlling aims to improve the future.
Step 2: Check Statement I:
Planning is forward-looking because it sets goals for the future, but it also learns from the past records of the firm.
Controlling is backward-looking because it checks past performance, but it is also forward-looking because the corrective action it triggers improves future work.
So Statement I is TRUE.
Step 3: Check Statement II:
It is controlling that evaluates results, because it compares actual performance with the standards.
It is planning that is prescriptive, because it lays down what should be done and how.
The statement reverses the two words, so Statement II is FALSE.
Step 4: Choose the option:
Statement I is true and Statement II is false. This is option (A).
(B) is wrong because Statement I is true and Statement II is false. (C) and (D) are wrong because Statement II is not true.
Final Answer:
Statement I is true and Statement II is false, so option (A) is correct.
Top CBSE CLASS XII Business Studies Questions
What is the Planning Process?
- ................ is one of the most important attitudes of an entrepreneur, which is defined as the ability to continue to do something, even when it is difficult.
(A) Decisiveness
(B) Interpersonal skills
(C) Perseverance
(D) Taking initiative - Mention any four most common environmental barriers which an entrepreneur may face while running his/her venture.
- ____is the process of searching for prospective employees and stimulating them to apply for jobs in the organization.
‘Vishesh Constructions’, a construction company, decided to strictly implement ‘No Helmet, No Entry’ and put the following sign at their construction sites :
Identify the type of plan indicated by the above sign :
Top CBSE CLASS XII Controlling Questions
- Statement I : Controlling ensures that activities in an organization are performed as per the plans. Statement II : Controlling function of a manager is a pervasive function. Choose the correct option from the options given below :
Piyush is the Production Manager of a shoe company called . He has 1000 workers working under him in his department. Piyush booked a special order for 300 pairs of gents shoes at an estimated cost price of Comforty < 500 per pair plus 20 percent profit margin. The order is to be completed within 10 days. After completion of the order, Piyush found out that the production cost of one pair of shoes was 600 Rupees. He tried to find out the reason but couldn't. He reported it to the Chief Executive Officer. The Chief Executive Officer appointed Abhay to find out the cause. Abhay was not only a specialized Cost Accountant, but also a qualified Human Resource Manager. After two days, Abhay reported that the set targets could be completed with the help of only 800 workers, which revealed that there was overmanning in the organization. The organization was not utilizing the human resources optimally, which had led to higher labour cost. The above case highlights one of the points of importance of an important function of management.
(i) Identify the function of management.
(ii) State any two points of importance of the function of management identified in part (i), except the one discussed in the above case.- is the step in the controlling process where standards may have to be revised in case the deviation cannot be corrected through managerial action.
- ‘Planning and controlling are inseparable twins of management’. Explain with the help of any three points.
- Which of the following is not a protective function of Securities and Exchange Board of India?
Top CBSE CLASS XII Questions
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