CBSE Questions for Class 12 Commerce Business Studies Planning Quiz 10 - MCQExams.com

Whenever possible alternatives regarding planning for an organization are decided __________.
  • past experience of organization is taken care of
  • alternatives are not dependent on past experience of organization
  • both a & b
  • none of the above
Group decisions for planning are useful because ________.
  • it improves the quality of decision
  • it helps to evade individual responsibility
  • it provides training for employees
  • both a & c
Group decisions taken for planning are generally done in ________.
  • staff meeting
  • committee meeting
  • employee meeting
  • all of the above
Planning objectives can be __________.
  • individualistic
  • long term
  • tangible
  • all of the above
In the process of planning the things that are to be overlooked are ________.
  • determining alternate plans
  • breaking the plan and to find supporting plans
  • selecting a course of action from the alternatives
  • not to number wise the plans
Some of the limitation of planning is __________.
  • it has to adjust itself with the changing environment
  • accurate projection about the future is difficult in planning
  • advance planning can not function the case of acute emergency
  • all of the above
When selecting the right time range, what will be true?
  • Short term plans are made with reference to long range plans
  • Short term plans are not made with reference to long range plans
  • Short term plans are irrespective of long range plans
  • None of the above
Which one of the following is the first and primary step in the planning process?
  • Premising
  • Determination alternative courses
  • Evaluating alternatives
  • Establishing objectives
_______ is a single use plan containing expected results is numerical terms.
  • Procedures
  • Methods
  • Rules
  • Budget
Planning is called a mental function because ________.
  • it means looking ahead
  • it is preparing for future
  • it is logical calculation
  • both a & b
Planning may call for a change in the existing ________.
  • procedures and policies
  • accounting concepts
  • government mandates
  • governance standards
In an organization, policy making is the function of ________.
  • management
  • administration
  • personnel Management
  • government
Budget preparation is primarily a planning process whereas its administration is a part of ________.
  • implementation
  • controlling
  • payments
  • approval process
Premises signify ________within which planning will take place.
  • planning assumptions
  • planning deviations
  • planning resources
  • none of the above
Discovery of ________ is important to the process of decision making.
  • unlimited factors
  • co-ordination
  • integrity
  • limited factors
Which of the following is incorrect about strategy?
  • It helps in competitive market
  • It is innovative
  • It is creative
  • It gives long-term process guarantee
_______ is a primary function.
  • Controlling
  • Planning
  • Co-ordination
  • Organisation
Which one of the following deals with future and involves forecasting?
  • Planning
  • Organisation
  • Controlling
  • Leadership
Decisions that have long-term perspectives of two to five years and affect the entire organization are _________.
  • programmed decisions
  • tactical decisions
  • strategic decisions
  • operational decisions
Which of the following is a single use plan containing expected results in numerical terms?
  • Budget
  • Policies
  • Procedures
  • Rules
The first step in the decision making process is which of the following?
  • Developing decision criteria
  • Allocating weights to the criteria
  • Analyzing alternatives
  • Identifying a problem
The process of collaborative goal setting by a manager and subordinate, the extent to which goals are accomplished is a major factor in evaluating and rewarding the subordinate's performance. It is called:
  • Management by objective
  • Management by resources
  • Management by authority
  • Management by system
Which 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
Policies are NOT to be _________.
  • written
  • verbal
  • implied
  • none of the above
Strategy was primarily used in _________.
  • military science
  • practical science
  • political science
  • none of these
"Planning reconciles the resources with their objectives and opportunities" is given by ___________.
  • Chester I Barnard
  • George R Terry
  • Philip Kotler
  • Peter. F. Drucker
The process of decision making involves several steps that can be divided into distinct categories. The solution phase involves _________.
  • acquiring information
  • diagnosing the factors affecting the problem or opportunity
  • identifying a problem or opportunity
  • implementing the decided course of action
A flexible budget is ________.
  • a budget that is constantly being changed
  • a budget that will be changed at the end of every month in order to reflect the actual costs of a department.
  • a budget that is for a particular project
  • none of the above
Constraints on time, money and resources are managed in ________.
  • operational planning
  • strategic planning
  • capital budgeting
  • market research.
Nodu, a chocolate manufacturer based in Singapore, produces candy containing exotic ingredients from rain forests of Brazil. The ingredients are provided by a single supplier who has an exclusive control with Nodu. The chocolate manufacturer thus has a great deal of power over the market. This is an example of _________.
  • Strategic vision
  • Distinctive competition
  • Competitive advantage
  • Strategic management.
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