MGT111 Final Term Past Papers by VU Academic Consultant

MGT 111 MOST IMPORTANT

QUESTIONS FOR FINAL TERM 2024

Q1. Steps in planning process

Planning Process:

There are eight steps in planning process:

1. Recognizing the need for planning
2. Determining the objectives
3. Forecasting the future
4. Determining alternatives
5. Evaluating Alternatives
6. Selecting a course of action
7. Implementing the plan
8. Revising the plan

Q2. Principles of plans

Three principles of plans:

There are three principles of the plan. These are:

1. Time horizon: There are long term and short-term plans.
2. Commitment Principle: The key to choosing right planning periods seems to be in

commitment principle logical planning encompasses a future period of time necessary to fulfil series of action the commitment in decisions made today

3. Coordination of short term and long-term plans: Often short- term plans are made without

reference to long-range plans. There is a need to integrate the shortand long-term plans.

Q3. Functions of planning commission

Following are the major functions of Planning Commission:

1. To prepare comprehensive national plan for socio-economic development of the country
2. To formulate within the framework of national plan, of annual plan and annual development
3. programme projects and programmes of national development.
4. 3. Monitoring the implementation of all major development projects and programmes (which
5. are above Rs. 40 million)
6. 4. Continuous evaluation of economic situation and coordination of economic policies
7. 5. Examination and technical appraisal of development projects received from Federal
8. Ministries and Provincial Government for consideration of Central development working
9. Party (CDWP)/ Executive Committee of National Economic Council (ECNEC)

Q4. Process of project completion

Process of Project Completion:

A project follows a sequential process of “beginning” and ending which is as follows:

1. Projects Identification
2. Project study (feasibility)
3. Project Preparation
4. Project Appraisal
5. Project Approval
6. Project Implementation and Monitoring
7. Project Evaluation

Q5. Functions of Planning &Development department

The functions of P & D are as follows:

1. To prepare Annual Development Programme in coordination with other departments
2. To prepare Five Year and other development plans
3. To clear Schemes to be sent to ECNEC/CDWP
4. To coordinate External Capital Assistance

Q6. Steps in rational decision making

Steps in Rational Decision Making:

1. Search for alternatives: Given that we know our objectives, the first step in decision

making is to search for alternatives. Search for alternatives is based on the concept of ‘limiting’ factor. The principle of the limiting factor’ is to recognize and overcome factors that stand critically in the way of goals; the best course of action can be selected.

2. Evaluation of Alternatives: the next step in decision making is to evaluate and select one that contributes best to the goals.

Q7. Types of decision

Types of Decision

It would be better to know the types of decision that organizations usually take. These are:

1. Programmed
2. non-Programmed
3. Programmed

A programmed decision is structured or repetitive or routine decision. Example: Reordering of standard inventory item, checking at a check post

2. non-Programmed

Non-programmed decisions are used for unstructured, novel and ill-defined situations of non