CBSE Questions for Class 12 Commerce Business Studies Planning Quiz 15 - MCQExams.com

Budgetary control requires the preparation of ________________.
  • Training schedule
  • Budgets
  • Network diagram
  • Responsibility centres
A skillful method of providing means mechanism and structural elements to. streamline organizational work is known as_______.
  • Strategic planning
  • Role analysis
  • Work culture
  • Autonomous planning
Elements of marketing planning is ___________________.
  • It involves an analysis of past events and projection of future events
  • In envisages determination of the future course of marketing action
  • Marketing planning is a managerial function
  • All of the above
Study the following statements and mark your answer according to the answer code given below-
I. Planning is the first function of management.
II. Planning provides a basis for organisation.
Ill. Planning does not involve decision-making.
IV. Planning is
  • I and III are correct
  • I and I are correct
  • I and IV are correct
  • II and IV are correct
Strategy is used in _____________.
  • Military
  • Business
  • Industry
  • All of the above
The short-term financial plans are known as
  • Policies
  • Programs
  • Budgets
  • Objectives
 ____________ is defined by the Institute of Cost and Management Accountants (CIMA) as: "the estab-lishment of budgets relating the responsibilities of executives to the requirements of a policy, and the continuous comparison of actual with budgeted results, either to secure by individual action the objective of that policy, or to provide a basis for its revision".
  • Budget
  • Budgetary control
  • Material control
  • Wages control
To develop its market segments, Dabur planned to produce 20000 bottles of Roohafza every day.
This approach of setting budget is _______.
  • sales budget
  • production budget
  • cash budget
  • none of the above
William F. G has identified which of the following strategies?
  • Growth strategy
  • Stability stratigy
  • Closure strategy
  • Sub strategy
The purpose of strategy is to provide ________.
  • the strategic direction for an organization in the foreseeable future.
  • direction and scope of an organization over the long-term, which achieves advantage for an organization within a changing environment to meet the needs of markets.
  • direction and scope of an organization over the long-term, which achieves advantage in a changing environment through its configuration of resources and competences with the aim of fulfilling stakeholder expectations.
  • a set of standards which all employees in an organization should strive to attain
_______ involves scientific analysis of decision process
  • Linear programming
  • Operations research
  • Risk analysis
  • Marginal analysis
An appropriate strategy to achieve expectations of investors is  ________.
  • corporate strategy
  • efficient replacement
  • business unit strategy
  • operational strategy
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