CBSE Questions for Class 12 Commerce Business Studies Planning Quiz 3 - MCQExams.com

The efforts of a tax payer to identify and undertake such transactions that will result in reduction / elimination of tax liabilities is called as ____________.
  • Tax evasion
  • Tax planning
  • Tax avoidance
  • Tax reduction
  • None of the above
"SWOT" is used for_______.
  • Planning
  • Organising
  • Motivating
  • Controlling
The time horizon of a long-term forecasts is determined by ____________.
  • Nature of the business
  • Length of the operating cycle
  • Life cycle of the product, in which the business is dealing in
  • All of the above
  • Both (B) and (C)
Consider the following steps in the decision making process; and select the correct sequence.
i) Defining the problem
ii) Considering alternatives
iii) Considering limiting factors
iv) Selection of the best alternative and implementation
  • (i), (ii), (iii), (iv)
  • (iii), (i), (iv), (ii)
  • (i), (iv), (iii), (ii)
  • (i), (iii), (iv), (ii)
Which of the following is not a part of strategic planning?
  • Stock exchange movement
  • Objectives
  • Choice of businesses
  • Social responsibility
Which of the following can be treated as feature of strategy?
(1) It reflects concern to effectively mobilize resources.
(2) It maximizes chances to achieve objectives.
(3) Formulating strategies is the job of top management.
Select the correct answer from &options given below.
  • (1) & (3) only
  • (1), (2) & (3)
  • (2) & (3) only
  • (1) & (2) only
Which of the following is concerned with the overall purpose and scope of the business to meet stakeholder expectations?
  • Operational strategy
  • Corporate strategy
  • Business unit strategy
  • Operation strategy
Business plans are only for_________companies.
  • Running companies
  • Start-up
  • Large companies
  • Small companies
___________ is a fundamental function of management and all other functions of management are greatly influence by it.
  • Controlling
  • Directing
  • Motivating
  • Planning
Planning premises signify __________ within which planning will take place.
  • Planning assumptions
  • Analysis of past events
  • Future setting
  • (a) or (b)
Which one of the following is the task of the Planning Commission?
  • Preparation of the plan
  • Implementation of the plan
  • Financing of the plan
  • Both (a) and (b)
Limitations of planning.
  • Planning is a continuous functions of management
  • Since the future cannot be predicted with absolute accuracy, premising is always subject to a margin of error and guess-work which are reflected in various plans based on them
  • Planning is an all-pervasive and a primary function of management
  • All of above
The sixth step involved in planning process is the,
  • Evaluation of alternatives
  • Determining alternative courses
  • Implementing the plan
  • Selecting a course of action
The task of planning does end merely with assessing the future.
  • True
  • False
  • Partly false
  • None of above
__________ are those that are largely decided by company management involving policies and programmes.
  • Non-controllable
  • Controllable premises
  • (a) and (b)
  • (a) or (b)
The fifth step involved in planning process is the.
  • Evaluation of alternatives
  • Determining alternative courses
  • Formulating derivatives plans
  • Selecting a course of action
Control precedes planning.
  • True
  • False
  • Partly false
  • None of above
Planning is not required for repetitive or routine matters.
  • True
  • False
  • Partly false
  • None of above
Plan can be made.
  • For long range
  • For intermediate range
  • For short range
  • Either for long range or intermediate range, or short range
Which of the following can be treated as external planning premises?
  • Politico-technological conditions
  • Socio-economic conditions
  • Sales forecast
  • All of the above
Setting the mission which encompasses objectives, policies and goals is known as
  • Operational planning
  • Strategic planning
  • Tactical planning
  • Contingency planning
Techniques of managerial control are useful in
  • Selection of plant location
  • Identifying appropriate technology
  • Profit planning
  • Conducting shareholders meeting
Consider the following elements
Policies
Objectives
Programmes
Procedures
The correct sequence of these elements in the planning process is
  • 1, 2, 3, 4
  • 1, 2, 4, 3
  • 2, 1, 4, 3
  • 2, 1, 3, 4
________ as a general statement of understanding lays down the limits within which decision are to be made and assures consistent and unified performance.
  • Producers
  • Policies
  • Performance
  • Programme
Examination of alternative courses of action is an activity which falls under
  • Planning Function
  • Direction Function
  • Organising Function
  • Control Function
In industrial production skills of ancient Indian in which of the following have attracted world-wide celebrity?
  • Production of delicate woven fabrics
  • Mixing of colours
  • Working of metals and precious stones
  • All of the above
What is break even point?
  • Cost received is more then revenue
  • Cost received is less then revenue
  • Gains are more then losses
  • The point where gain equals the losses
An operations strategy is created directly from the ________ strategy.
  • corporate strategy
  • marketing Strategy.
  • business strategy
  • human resource strategy.
In terms of strategy development logical incrementalism refers to _________.
  • the deliberate development of strategy by experimentation and learning from partial commitments.
  • the utilization by top manages of a mixture of formal and informal social and political processes to draw together an emerging pattern of strategies from these sub-systems
  • systematized, step-by-step, chronological procedures to develop or coordinate an organization's strategy.
  • experimentation with side bet ventures and allowing developments to emerge from subsystems.
For an effective business plan it is required __________.
  • to not have required resources
  • to evaluate the business opportunity
  • to determine the required business plan
  • to manage the resulting enterprise
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