CBSE Questions for Class 12 Commerce Business Studies Planning Quiz 8 - MCQExams.com

Planned obsolescence is?
  • Always profitable
  • Generally profitable
  • A necessary part of technological change
  • Traditional methods in production
Capital structure planning ensures
  • The minimum cost of capital
  • The maximum rate of return to the equity holders
  • Both (a) and (b)
  • The maximum cost of capitals
The final step in planning is __________.
  • follow up
  • implementation
  • targets
  • objectives
SWOT Analysis is used in which of the following managerial function?
  • Planning
  • Decision Making
  • Motivating
  • Directing and Controlling
Product planning involves all the following except.
  • Avoiding risk
  • Developing competitive weapons
  • Requiring adjustment to shifting market opportunities
  • Taking cognizance of environmental changes
Value system of an organization - have an impact on its:
I. Objectives
II. Policies
III. Practices
IV. Profit
Which is the correct option?
  • I and II only
  • I, II and III only
  • I, III and IV only
  • I,II, III and IV.
Which one of the following shows a big picture of what a company wants to achieve in future?
  • Vision statement
  • Mission statement
  • Value statement
  • Quality statement
Corporate strategy is  ______.
  • the implementation of plans to achieve long-term aims
  • vertical marketing strategy
  • more specific and practical than marketing strategy
  • both (a) and (b)
Which of the following is true about business strategies?
  • Well defined missions make strategy development much easier
  • An organisation should stick with its strategy for life of the business
  • All firms within industry will adopt the some strategy
  • Organisational strategies depends on operations strategies
Mission statement of a company is derived from its _____.
  • articles of association
  • vision statement
  • memorandum of association
  • prospectus
Location is a good criteria regarding a marked strategy as  _______.
  • it takes care of politics
  • it takes care of suppliers
  • it takes care of government policies
  • both (b) and (c)
Mission statement is derived from _______.
  • Future position of the company
  • Company's business and its objectives
  • Both (a) and (b)
  • None of the above
Strategic planning is  ________.
  • to develop relation between the organization and its environment
  • creating new opportunities by stretching and exploiting capabilities in new ways
  • the skills of the senior management
  • utilizing all the resources of an organization to their full capacity
What type of strategic capabilities is the source of sustainable competitive advantage for a based view of strategy?
  • Strategy based on unique resources and casual ambiguity
  • Dynamic capabilities with complex features
  • Operational excellence
  • Strategic capabilities, which are valuable to buyers, rare, robust and non-substitutable
________ can be used to reduce rest time.
  • Batch method
  • Low technology job
  • High technology job
  • Flow method
The company sets its marketing budget by estimating the investment in current assets at different points of time. 
Select the type of budget keeping in view the above mentioned purpose .
  • Sales Budget
  • Cash- Budget
  • Working Capital Budget
  • Production Budget
The import of strategies on the general dissection and basic character of a company is _________ strategy.
  • medium large
  • short large
  • long large
  • temporal
By concept of budgeting we mean _______.
  • formulation of plans for future company in numerical terms
  • deciding the future of company
  • preparing the plans of the company
  • none of the above
For a business plan the requirements are _________.
  • no short cuts
  • seeking the customer
  • both a and b
  • fostering ideas
Which of the following is true?
  • Corporate strategy is shaped by functional strategy
  • Functional strategy is shaped by corporate strategy
  • Corporate mission is shaped by functions strategy
  • None of the above
The term budgetary period relates to ________.
  • a specific year for which the budget has been prepared
  • the period for which the budget is prepared
  • the period in which the budget is finalized
  • the subdivisions of the main budget.
Performance budgeting is based on ________.
  • items of expenditure
  • items of investment
  • objective of investment
  • plan of implementation
An appropriate strategy to optimize resources and people is ________.
  • corporate strategy
  • operational strategy
  • business strategy
  • efficient replacement strategy
Planning bridges the gap from where we are to where we want to go. This was the definition of planning given by _______.
  • Haimann
  • Kooper
  • Koontz & O'Donnel
  • None of the above
Plans which are clearly defined and leave no room for interpretation are _______.
  • specific
  • operational
  • directional
  • economic
If an individual is looking ahead and preparing for the future and doing all the mental work it. He is handling ______ part of management.
  • organising
  • planning
  • control
  • motivation
Forecasts _______.
  • become more accurate with longer time horizons
  • are rarely perfect
  • are more accurate for individual items than for groups of items
  • all of the above
For planning an individual should have ________.
  • thinking
  • imagination
  • farsightedness
  • all of the above
Planning involves ________.
  • Predicting future conditions
  • determination
  • both a & b
  • none of the above
Which of the following is not a step in the forecasting process?
  • Determine the use of forecast
  • Eliminate any assumptions
  • Determine the time horizon
  • Select a forecasting model(s)
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