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Which of the following is true with respect to the step 'developing premises' under the planning process: -

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Question

Which of the following is true with respect to the step 'developing premises' under the planning process:

Options

  • Base material for assumptions can be in the form of forecasts, existing plans or any past information about policies.

  • Only a few managers are required to be familiar with and use the same assumptions.

  • Assumptions need not necessarily be same for all.

  • All the above

MCQ

Solution

Assumptions need not necessarily be same for all.

Explanation - 

Forecasts, existing plans, or any previous policy information might be used as base material for assumptions.

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