CBSE Questions for Class 12 Commerce Business Studies Planning Quiz 4 - MCQExams.com

The term 'corporate strategy' concerns strategy and strategic decisions _______.
  • in certain types of organizations.
  • at all levels of management in an organization
  • developed by the senior management in an organization for the marketing.
  • in the public sector only.
Control is directly linked to __________.
  • planning
  • motivation
  • organizing
  • directing
The full form of BARS is _________.
  • Behaviorally Anchored Ranking Scales
  • Behaviorally Anchored Rating Scales
  • Behaviorally Anchored Rollback Scales
  • None of the above
Limitations of planning________________________________.
  • Planning is a continuous function 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.
  • Planning is the selecting and relating of facts and the making and using of assumptions regarding the future in the visualization and formulation of proposed activities believed necessary to achieve desired results.
Which of the following may be defined as analysis and interpretation of the future conditions in relation to operations of the enterprise?
  • Planning
  • Forecasting
  • Decision making
  • Directing
Control is closely related to the _________ job of the manager.
  • planning
  • discipline
  • order
  • motivation
Policies are the guide to thinking in ____________.
  • Organizing
  • Decision making
  • Forecasting
  • Motivation
Planning process comprises determination and laying down of ________.
i - Objectives
ii - Policies
iii - Procedures
iv - Rules
v - Remuneration
  • i, ii, iii, v
  • i, ii, iii, iv
  • i, ii, iv, v
  • i, iii, iv, v
Planning do not suffer or affected by any sort of limitation.
  • True
  • False
  • Partly false
  • None of above
Which of the following can be treated as external planning premise?
  • Politico technological conditions
  • Marketing plans
  • Sales forecast
  • Strategic plans
Which of the following can be treated as internal planning permise?
  • Politico-technological conditions
  • Socio-economic condition
  • Sales forecast
  • Technological changes
Which of the following statement is incorrect?
  • Policies donot help in delegation of authority by a manager.
  • Policies never remain valid for all times to come.
  • Policies are guide to thinking in decision making.
  • All of above.
Plan can be made _____________.
  • For long range
  • For long range or intermediate range
  • Either for long range or short range or intermediate range
  • Either for long range or intermediate range or short range or personal gain of manager
In relation to planning process 'priniciple of navigational change' requires that-_______________.
  • The company should choose new manager for new problems.
  • Manager periodically checks on events and expectations and redraw plans as necessary to maintain a course towards a desired goal
  • Both A and B
  • Either A or B
The second step in decision making is __________________.
  • Selection of alternatives to be followed
  • Analysis and evaluation of available alternatives
  • Discovery of alternatives
  • Communication of decision and its acceptance by the organization
Which of the following is/are advantage of group decision making?
  • It is observed that group decisions help members evade their individual responsibilities.
  • It is costly as well as a time consuming affair
  • It provides opportunity for participation by individual representing different interests.
  • All of above.
Which of the following is last step involved in planning process?
  • Evaluation of alternatives
  • Determining alternative courses
  • Formulating derivative plans
  • Selecting a course of action
The fifth step in decision making is  __________________.
  • Selection of alternatives to be followed
  • Analysis and evaluation of available alternatives
  • Discovery of alternatives
  • Communication of decision and its acceptance by the organization
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, long-term, etc. which enables the management to arrive various decisions relating to business matters.
  • All of above.
The third step in decision making is ________________.
  • Selection of alternatives to be followed
  • Analysis and evaluation of available alternatives
  • Discovery of alternatives
  • Communication of decision and its acceptance by the organization
The third step involved in planning process is the_____________.
  • Evaluation of alternatives
  • Determining alternative courses
  • Formulating derivative plans
  • Establishment of planning premises
The fourth step involved in planning process is the _____________.
  • Evaluation of alternatives
  • Determining alternative courses
  • Formulating derivative plans
  • Establishment of planning premises
Which of the following  is / are non - traditional control device(s) of control system?
  • Zero base budgeting
  • Standard costing
  • Budgetary control
  • All of above
The objective of formal business plan is ___________.
  • to be in the circle of contemporary business standard formality
  • to be in the circle of requirements in the region where business is operating
  • both (a) & (b)
  • none of the above
Zero base budgeting is a new approach to budgeting which was first introduced by Peter Pyhrr in ______
  • $$1960$$
  • $$1980$$
  • $$1990$$
  • $$2010$$
Planning process comprises determination and laying down of _____________.
  • Objectives
  • Policies and procedures
  • Strategies
  • All of the above
Classification of planning process.
  • Situation analysis, setting goals, alternative strategies and evaluation
  • Developing marketing action, determining goals and evaluating marketing programmes
  • Assessing areas of marketing opportunities, coordinating marketing actions and market enlargement
  • Setting goals, developing marketing action and accessing areas of marketing opportunities
Strategic marketing planning establishes.
  • The character of organisation
  • The goodwill of the organisation
  • The aims of organisation
  • All 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.
Which of the following deals with future and involves forecasting?
  • Planning
  • Organizing
  • Forecasting
  • Leadership
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