Ability to find parsimonious solutions to problems, make good judgments and decision relate to intelligent functioning of human. These are particularly significant functions of managerial work. However, standard intelligence tests and aptitudes tests of one sort or another predominantly measure the ability to code information, to store it, and retrieve it when necessary. Whereas these abilities are necessary for academic and scholastic success, what counts outside the scholastic environment of classrooms is the former (i.e. ability to make decisions etc.). This, in essence, is called “planning”. The research reported here includes the development of a test of “planning” that is contextually relevant for management and examines its psychometric properties.