CBSE Questions for Class 12 Commerce Business Studies Planning Quiz 2 - MCQExams.com

What three problems commonly hindering successful planning?
  • Lack of planning expertise; little top management support; misuse of planning specialists
  • Conflict among objectives; impossibility of measuring outcomes; confusion between means and ends
  • An oversized planning department; poor co-operation between managers and planners; managers with little time to gather information
  • Procedures unsuited to change; negative organizational culture; poor interpersonal relationships
Identify the correct steps in planning.
(i) Selecting a course of action
(ii) Determining alternative courses
(iii) Establishing objectives
(iv) Formulating derivative plans
(v) Evaluation of alternatives
(vi) Establishment of planning premises
Select the correct answer from the options given.
  • III, VI, II, IV, I, V
  • VI, III, II, V, I, IV
  • III, IV, II, V, I, VI
  • III, VI, II, V, I, VI
The fifth step involved in planning process is the ________.
  • Evaluation of alternatives
  • Determining alternative courses
  • Formulating derivative plans
  • Selecting a course of action
Planning process comprises determination and laying down of.
  • Objectives
  • Policies & procedures
  • Strategies
  • All of the above
Decision making is only efficient when it is supported by process of ___________.
  • Staffing
  • Planning
  • Controlling
  • Organizing
Consider the following statements.
Planning involves
Forecasting
Choice among alternative courses action 
Wishful thinking
Decision only by production manager
Of these statements
  • 1, 2, 3 and 4 are correct
  • 1, 3 and 4 are correct
  • 1 and 2 are correct
  • 2 and 3 are correct
To indicate the function of management the catch word POSDCORB was coined by ______________.
  • Luther Gulick
  • Henry Fayol
  • Erncst Dale
  • None of these
Advantages of forecasting _________.
  • Since forecasting involves some amount of guess work it is not fully reliable
  • Possibility of error cannot be completely eliminated from forecasts
  • Plan is the synthesis of the various forecasts annual, short-term, ling-term, etc., which enables the management to arrive various decisions relating to business matters
  • All of the above
In case of decision making, "diagnosing the real problem implies"________.
  • Analyzing the internal and external factors and discovering relations between them
  • Knowing the gap between what exists and what is expected to happen, identifying the reasons for the gap
  • Decentralizing routine matters so that top management can concentrate on vital and strategic decisions
  • Actual selection of a course of action from among a number of alternatives
Budgeting is the formulation of plans fora given ____________ in numerical terms.
  • Future period
  • Past period
  • Current period
  • None of above
Which of the following comprises determination and laying down of objectives, policies, procedures, rules, programmes, budget, and strategies? 
  • Motivating process
  • Planning process
  • Controlling process
  • Directing process
Budget is a ___________ statement, prepared and approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. It
  • Financial
  • Quantitative
  • Financial and/or quantitative
  • Financial and/or qualitative
Which one of the following is true about Planning Commission?
  • It is a Ministry
  • It is a Government Department
  • It is an Advisory Body
  • It is an Autonomous Corporation
__________ is the process of deciding how to fill th company's most important executive positions.
  • Succession Planning
  • Organisational Restructuring
  • Self-directed Teams
  • Corporate Downsizing
Planning means ______________________.
  • Deciding what is to be done and how it is to be done
  • Attaining desired results
  • Executing the desires
  • None of the above
The most basic or primary functions of management is _______.
  • planning
  • organising
  • staffing
  • directing
Which of the following would be a part of planning?
  • Problem-solving
  • Decision making
  • Both (a) and (b)
  • None of the above
Which of the following defines forward planning?
  • The process of selection
  • Establishing plans for the future
  • Current information
  • Allocation of resources
Which of the following would be refereed to planning?
  • Looking back
  • Forward-looking
  • Departmentation
  • A static process
What are the limitations of planning?
  • Accuracy
  • Time consuming
  • False security
  • All of the above
Long-term planning covers a period of _______.
  • 5, 10 or 15 years
  • 2 years
  • 1 year
  • 18 months
Which of the following would be referred to planning?
  • Looking back
  • Forecasting
  • Departmentalization
  • Government policy
Strategic planning is _________.
  • short term in nature
  • medium term in nature
  • long term in nature
  • none of the above
Consider the following:
(i) Planning is today's action for tomorrow's decision.
(ii) Planning is forward looking while controlling is looking back.
(iii) Motivation is about getting voluntary willingness of subordinates for action.
(iv) Line and staff organisation is the oldest form of organisation.
Select the correct statements from the codes given below.
  • (ii) and (iii) are correct
  • (i), (ii) and (iv) are correct
  • (i), (iii) and (iv) are correct
  • All are correct
The key Mechanism for controlling a marketing plan is ____________.
  • marketing budgets
  • production control
  • personal control
  • stock control
Strategic marketing planning is adopted for.
  • New product
  • Existing products
  • Foreign products
  • Durable products
Selection is the process of _______.
  • sourcing manpower
  • choosing a candidate
  • Interviewing candidate
  • assigning job
 Identify the correct sequence of steps, involved in planning
i. Selecting the best course of action
ii. Establishing the sequence of activities
iii  Establishment of objectives
iv Evaluating alternative courses
v. Determining alternative courses
  • (i), (ii), (iii), (iv) and (v)
  • (iii), (v), (iv), (ii) and (i)
  • (v), (iv), (iii), (ii) and (i)
  • (iii), (v), (iv), (i) and (ii)
Plan made in the light of a competitor's plan is known as__________.
  • Policy
  • Procedure
  • Strategy
  • Under-cover plan
Business plans designed to achieve the organizational objectives is called __________.
  • Human Resource Planning
  • Human Resource Forecasting
  • Strategic Plan
  • Corporate Development Plan
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