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Class 12 Business Studies Chapter 4 Planning Quiz 3 (60 MCQs)

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1. Advances in technology has increased the number of people needed to
2. Assertion (A):Planning is done solely by the top-level management. Reason (R):Lower Level Management helps in the implementation of plans.
3. After implementation of plan
4. What is the meaning of 'liquidity' in business terms?
5. Identifying pros and cons of an alternative way to achieve objectives is
6. Planning is concerned with only setting objective
7. What does 'ROI' stand for in business terminology?
8. The primary purpose of a feasibility study is to answer which of the following questions:
9. Technology speeds up the flow of the global economy
10. Which step in the planning process involves defining SMART goals?
11. Which among the following was invention of Medici Family?
12. What does the acronym SWOT stands for?
13. Statement I:Planning is deciding in advance what to do and who is to do it. Statement II:Planning is what managers at all levels do.
14. Assertion (A):Goals should be clearly defined. Reason (R):There is no need to communicate plans to the employees once they are made.
15. James is managing a project and needs to ensure that all tasks are completed on time. He decides to assign tasks or responsibilities to others.
16. Assertion (A):Planning is pervasive at all levels of management. Reason (R):Planning is required in all types of organisations and at all levels of management.
17. A ..... describes the nature of your business and list the marketplace needs that you are trying to satisfy.
18. Assertion (A):Planning can not be done in the absence of choices. Reason (R):Planning helps in achieving organizational goals.
19. Which term refers to the process of predicting future trends based on current data?
20. A manager delegates the responsibility of ordering office supplies to one of his employees.
21. A company's ..... are the priorities, principles, and beliefs that guide the company.
22. California Gold Rush was about?
23. Planning helps in coordination
24. The business ..... contains models of the redesigned organizational structure.
25. What is the first step in career planning?
26. Why is it important to include a specific date in a goal?
27. Assertion (A):Planning does not guarantee success. Reason (R):The success of an enterprise is possible only when plans are properly drawn up and implemented. Any plan needs to be translated into action or it becomes meaningless.
28. Your company will need a business plan in order to do what?
29. What is one of the elements included in a financial plan to help visualize data?
30. ..... approaches reduces data redundancy and provide update information.
31. The spoken version of your company's purpose is called .....
32. Statement I:Planning is purposeful. Statement II:Planning is pervasive.
33. Which of the following is an advantage of job production relative to batch production?
34. What is one of the key elements of a marketing plan according to the document?
35. If a company's scope is too big, what is likely to happen?
36. Which term refers to a detailed plan outlining the actions needed to reach one or more goals in business?
37. Mass customisation is defined as:
38. Which of the following is not a problem associated with making a change from job to batch production?
39. What is considered the key to managing up in project management?
40. A feasibility study can form a solid foundation for which of the following business documents:
41. Compare costs and benefits of advertising campaigns, and make adjustments accordingly.
42. Which of the following is an advantage of a sole proprietorship related to decision-making?
43. Analyzing accounting records and making changes if financial standards are not being met.
44. .... gives a complete detail of doing a particular activity.
45. The presence of planning inhibits the ability of departments and individuals to work together or organizations to move.
46. Assertion (A):Planning is closely connected with creativity and innovation. Reason (R):Before doing something, the manager must formulate an idea of how to work on a particular task.
47. Research of the potential customer's profile
48. Which form of ownership involves a single individual owning the business?
49. A grocery store training new hires how to use the cash registers.
50. Career Planning should begin with
51. The ..... team normally includes hired consultants and the in-house team.
52. Assertion (A) At the end of a certain period, there is need for a new plan to be drawn on the basis of requirements and future conditionsReason (R) All the plans expire after a certain period.
53. A written document containing the goals, methods for attaining and the time-frame for the achievement of the goals of a business.
54. Assertion (A):Planning is a time-consuming process. Reason (R):Planning should be done irrespective of the cost involved in it.
55. What is the key component of risk analysis in a feasibility study?
56. What is the term for a brief statement that summarizes a company's purpose and values?
57. To get success in business all managers need to work hard in thinking about future, in making business predicion and achieving targets. The above line describe one of the concept, name that.
58. What is one of the risks associated with owning a sole proprietorship?
59. Which planning tool helps a business to define the behaviors of employees?
60. These are the "bad things" in your business environment.
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