CSEET · Business Laws and Management · Functions of Management
Consider these statements about planning. Statement I: Planning is a continuous process that must be reviewed as conditions change. Statement II: Planning removes uncertainty about the future completely. Which option is correct?
Only Statement I is correct. Planning is a continuous activity that needs periodic review as circumstances change. Statement II is wrong because planning only reduces uncertainty through forecasting and preparation; it cannot remove the uncertainty of the future completely.
- ABoth statements are correct
- BOnly Statement I is correctCorrect
- COnly Statement II is correct
- DNeither statement is correct
Explanation
Planning is continuous and plans need revision as the environment changes, so Statement I is correct. Planning can reduce uncertainty by anticipating the future through forecasts, but it cannot eliminate it, so Statement II is wrong. Hence only Statement I is correct.
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