Business Management - Study Mode

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[#276] Assertion (A) The basic planning process always involves setting objectives, forecasting and assessing basic planning 'premises' or assumptions, determining alternatives causes of actions, evaluating which options are best and then choosing and implementing plan. Reason (R) There is usually a hierarchical aspect to managerial planning. Top management approves a long-term or strategic plan. Then each department creates its own budgets and other plans to fit and to contribute to company's long term plan.

(A) (A) is right and (R) is wrong

(B) (A) is wrong and (R) is right

(C) (A) and (R) both are right and (R) explains (A)

(D) (A) and (R) both are right, but (R) does not explain (A)

Correct Answer

(C) (A) and (R) both are right and (R) explains (A)

[#277] The on-going process of identifying, assessing and developing organisational leadership to enhance performance is called

(A) strategic planning

(B) succession planning

(C) organisational planning

(D) career planning

Correct Answer

(B) succession planning

[#278] Managers not having control over many activities is a drawback of

(A) matrix structure

(B) network structure

(C) vertical structure

(D) horizontal structure

Correct Answer

(B) network structure

[#279] In a formal organisation, 'power' is associated with

(A) an individual

(B) position

(C) relationship

(D) control

Correct Answer

(B) position

[#280] Linking pin structure of the organisation was proposed by

(A) Scott

(B) Kahn

(C) Sherwood

(D) Likert

Correct Answer

(D) Likert