CBSE Questions for Class 12 Commerce Business Studies Planning Quiz 9 - MCQExams.com

What are the problems commonly hindering successful planning?
  • Lack of planning expertise, little support from top management, misuse of planning specialists.
  • Poor cooperation between managers and planners and too many planners.
  • No structured planning and taking impossible measures to get outcomes.
  • Too many assumptions, negative organizational culture; poor interpersonal relationships.
Which of these statements is true?
A good objectives should clarify the desired result
Enable achievement to be measured and
Need not specify a time scale
  • $$1&2$$
  • $$2$$
  • $$1$$
  • $$3$$
A ______ plan is a one-time plan designed to meet the needs of a unique situation and created in response to non-programmed decision that managers make.
  • directional
  • standing
  • strategic
  • single-use
The definition of planning which suits the most is ________.
  • setting an organization's objectives and the means of reaching them
  • giving employees skills and knowledge
  • an integrated process in which plans are formulated, carried out and controlled
  • to find the core activity of planners and planning departments.
Planning is _________.
  • forecasting the future of an enterprise
  • deciding the course of action
  • both a & b
  • making provision for the plan
Contingency factors in planning include ________.
  • intuition and creativity
  • tomorrow's survival
  • persistence
  • a degree of environmental uncertainty
Which of the following is a part of the definition of organizational planning?
  • Evaluating the organization's outcomes
  • Higher profits
  • Contingency factors
  • Defining goals
An approach of setting objectives from managers to downwards in the organization is ________.
  • true planning
  • commitment concept
  • checking the outcomes of the manager
  • traditional goal setting
Strategic Planning ___________.
  • addresses the organization's basic mission or business issuing broad statements of purpose or direction that have a long lead time
  • involves managers in each unit of an organization who are responsible for achieving the unit's objectives within a specified period of time
  • looks specifically at resources, finances, and market condition to determine ways to accomplish the overall plans of the organization
  • determines the day-to-day operations within an organization
One of the basic functions of management is _________.
  • control
  • organising
  • planning
  • motivation
Planning is dynamic because __________.
  • it is a process which is continually reported
  • plans have to be prepared keeping changing environment in mind
  • both a & b
  • it is dynamic and beautiful process.
What is the primary purpose of budgeting?
  • Planning
  • Control
  • Organizing
  • Direction
Once a company has made long range plans and the planning process is complete, the future requirement of planning is ___________.
  • not required
  • required sometimes
  • dynamic
  • none of the above
Which one of the following strategy deals with day-to-day activities of a business?
  • Corporate strategy
  • Operational strategy
  • Business unit strategy
  • None of the above
By pervasive nature of planning we mean __________.
  • it is required at all levels in an organisation
  • planning is a top management tool
  • planning is a continuously changing
  • it is a basic management function
The best description of zero base budgeting is _________.
  • zero base budgeting starts from a zero base and every function within an organization is analyzed for its needs and cost.
  • zero base budgeting starts with the figures of the previous period and assumes a zero rate of change.
  • zero base budgeting is a technique where cash flow budgets and operating plans are made for the organization
  • zero base budgeting is a short term planning technique targeted at zero profit or loss..
The danger in the formalization of strategic planning is ________.
  • that it does not facilitate the most efficient allocation of resources
  • that it often does not take sufficiently into account cultural and political dimensions in the development of strategy.
  • both a and b.
  • none of the above.
The purpose of strategic planning systems is ________.
  • to assist in the communication, co-ordination and control of strategy.
  • develop ownership of the strategy.
  • to provide a structured means of analyzing and thinking about complex strategic problems and expanding the planning horizons of strategists.
  • all of the above.
The first step in planning is _________.
  • setting objectives of the organisation
  • to improve effectiveness of all other function of management
  • to force events to confirm to plan
  • none of the above
Which level of management is responsible for strategic planning in an organisation? 
  • Lower level management
  • Middle level management
  • Top level management
  • All of the above
We can say that the strategic implications of global warming is _________.
  • an external environmental analysis
  • scenario planning
  • future forecasting
  • a PESTLE analysis
Which of the following type of budget is prepared to assess the level of inventories, receivables etc.?
  • Material budget
  • Profitability budget
  • Cash budget
  • Working capital budget
Which of the following is not a part of Porter's generic strategy?
  • Focus
  • Cost leadership
  • Differential strategy
  • Market segmentation
The ________ plan describes how the product will be distributed and priced.
  • financial
  • production
  • venture
  • marketing
The purpose of business plan is that it  _________.
  • helps determine the viability of your enterprise
  • helps you obtain financing
  • guides you as you plan and organize
  • all of these
Which of the following strategy focuses on issues of production processes, material, etc.? 
  • Operation strategy
  • Business unit strategy
  • Corporate strategy
  • Marketing strategy
Planning is helpful as it _________.
  • reduces the chaos of running an organization
  • introduces nationally in the decision making process of management
  • both a & b
  • none of the above
Invariably planning is important as ___________.
  • it is one of the objectives of a manager
  • it keeps the check on the performance against the predetermined course of action
  • it is the only source of information for employees
  • both a & b
Planning means _________.
  • prediction about future
  • assumptions about future
  • neither a nor b
  • both a & b
Which of the following is not the limitation of planning?
  • Policies and rules which are once established are difficult to change
  • It is pervasive function
  • Rules and regulations of government
  • Both a & c
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