1. In planning, defining procedure means
(a) setting goals
(b) making a policy
(c) laying down rules and regulations
(d) defining course of action
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Answer:
Setting Objectives
This is the primary step in the process of planning which specifies the objective of an organisation, i.e. what an organisation wants to achieve. The planning process begins with the setting of objectives. Objectives are end results which the management wants to achieve by its operations.
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(d) defining course of action
Defining course of action:
- This process consists of searching and identifying the alternative courses of action.
- A particular objective can be achieved in a number of ways and it is difficult to find the best method.
- We have to evaluate their strong and weak points with reference to cost, risk, profitability, a capital requirement in order to find the best method.
- This method will also help to examine to discover the most relevant alternatives.
Hence, (d) defining a course of action is the correct answer.
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