CBSE Questions for Class 12 Commerce Business Studies Planning Quiz 1 - MCQExams.com

The conversion of strategic goals into managed executions is called _________.
  • operational planning
  • business strategy
  • budgetary plan
  • transformational process
Broadly speaking, administration is concerned with ________.
  • planning
  • organizing
  • motivating and controlling
  • planning and organizing
It involves looking ahead and projecting the future course of events ________________.
  • Organizing
  • Forecasting
  • Controlling
  • Co-ordination
Which one of the following is not a myth about business plans?
  • Business plans are required only for start-up companies
  • Business plans should be optimistic
  • Business plans should be concise and well written
  • Business plans should emphasize upon ideas and concepts.
Out of, the following which are to be considered as a part of seven trends that the organisation will face in next decades as they fight to survive, grow and remain competitive?
  • Speed and uncertainty will prevail
  • Technology will continue to disrupt and enable
  • Demographics will dictate much of what happens in business
  • All of the above
A series of related steps or tasks expressed in a chronological order is called _________.
  • procedure
  • rules
  • series
  • steps
_______ was defined by Strategic planning.
  • Venture specific
  • Measurable
  • Achievable
  • All of the above
Which of the following is the fruitful source for identifying business opportunities?
  • Business associates.
  • Technical people
  • Consumers.
  • All of the give option.
Collective Bargaining is a ___________.
  • bipartite process
  • tripartite process
  • arbitration process
  • conciliation process
Newmann and summer classified managing process as
  • organizing
  • Planning
  • Staffing
  • Both a & b
Strategic planning defines the _________.
  • reachable
  • time frame & exciting
  • rewarding to the respective future business direction
  • all of the above
SWOT AND PEST are ______ of the strategy planning process.
  • Mission
  • Objective
  • Situation analysis
  • control
One of the dangers in the formalization of strategic planning is:
  • That it stifles communication, coordination and control of strategy.
  • That it often does not take sufficiently into account cultural and political dimensions in the development of strategy.
  • It does not facilitate the most efficient allocation of resources.
  • Planning systems result in too many new ideas being promoted in the organization.
For an effective business plan it is not required
  • To not have required resources
  • To evaluate the business opportunity
  • To determine the required business plan
  • To manage the resulting enterprise
Strategies most often develop in through:
  • Formal strategic planning processes.
  • Through a process of learning by doing, often known as "logical incremental"
  • As the outcome of cultural and political processes in the organization.
  • Through multiple processes that vary according to the type of organization and the context of that organization.
which qualities should a person possess to succeed in planning?
(I) Reflective thinking
(II) Pondering
(III) Imagination
(IV) Farsightedness
(V) Reflecting
Select the correct answer from the options given.
  • (I), (III) & (V)
  • (IV), (III) & (II)
  • (II), (III), (I) & (V)
  • (IV), (I) & (III)
Which one of the following statements is correct?
  • Business policy is another name for long-range planning
  • Strategic planning is the function of middle management
  • Operational planning is the function of top management
  • Strategic planning is largely influenced by external environment
Expectancy theory is a theory of  __________.
  • Planning
  • Leadership
  • Motivation
  • Personality
Identify the best definition of planning.
  • An integrated process, in which plans are formulated, carried out and controlled
  • Devising ways of achieving the objectives of an organization
  • The core activity of planners and planning departments
  • Setting an organization's objectives and the means of reaching them
The process of determining the major objectives of an organisation and the policies that will govern the acquisition, use and disposition of resources to achieve those objectives is known as ______________.
  • Strategy
  • Strategic planning
  • Corporate planning
  • Strategic decision
How you will describe the planning as function of management?
$$1$$. An all-pervasive function
$$2$$. Fundamental function.
Select the correct answer from the options given.
  • $$2$$ only
  • Neither $$1$$ nor $$2$$
  • Both $$1$$ and $$2$$
  • $$1$$ only
Planning.
  • Involves identification and classification of activities of the enterprise
  • Involves choosing the proper course of action from among alternatives
  • Is based upon individual incentives rather than group incentives
  • Give employees fresh insights into their own personalities and it can also help them understand why others sometimes respond as they do
The essential nature of planning.
  • It is based on the principle of division of work
  • It is important secondary function of management
  • It is an intellectual process
  • It develops spontaneously
A group in which individuals working together to complete a job task is known as ____________
  • task group
  • friendship group
  • command group
  • formal group
Who has propounded Differential Piece Rate Plan?
  • Henry Gantt
  • Karl Marx
  • Francis A. Walker
  • Taylor
Identify correct steps in forecasting:
I. Analysis of deviations
II. Forecasting future course of business
III. Improving the existing forecasting procedure
IV. Identifying and developing the structure
Select the correct answer from the options given.
  • II, IV, I, III
  • III, I, II, IV
  • I, III, IV, II
  • IV, II, I, III
Identify which of the following statements is correct and which is incorrect.
$$(1)$$ Unique feature of control is that it can exist without planning.
$$(2)$$ Task of planning does end with assessing the future.
Select the correct answer from the options given.
_________ are those that are largely decided by company management involving policies and programmes.
  • Unavoidable premises
  • Controllable premises
  • (A) and (B)
  • (A) or (B)
Identify which of the following statement is correct and which is incorrect.
(I). If done properly control precedes planning.
(II). Planning is not required for repetitive or routine matters.
Select the correct answer from the options given.
Planning process comprises determination and laying down of.
(i) Objectives
(ii) Policies
(iii) Procedures
(iv) Rules
(v) Remuneration
Select the correct answer from the options given.
  • (i), (ii), (iii), (v)
  • (i), (ii), (iii), (iv)
  • (i), (ii), (iv), (v)
  • (i), (iii), (iv), (v)
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