Business Administration (MBA or M.B.A.) Question:

☛ Why is time an important resource though it is freely available?
☛ What are the essential steps in the process of planning?
☛ What are the strategies available to business generally?
☛ What do you require to implement a plan besides planning? Explain your answer with an example?
☛ What is short term and long term planning?
☛ Define Proactive decision. How is it different from reactive decision?
☛ Differentiate between quantitative and qualitative decisions?