This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 4 Planning – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 4 Planning Quiz 11 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Statement I:Objectives represent the end point of planning. Statement II:A strategy provides the broad contours of an organisation's business. A) Both the Statements I and II are not correct. B) Statement I is correct and Statement II is not correct. C) Statement II is correct and Statement I is not correct. D) Both the Statements I and II are correct. Show Answer Correct Answer: D) Both the Statements I and II are correct. 2. Which step in the planning process involves coordinating event logistics, allocating resources, and creating a timeline? A) Generating Alternatives. B) Goal Setting. C) Implementation. D) Situational Analysis. Show Answer Correct Answer: C) Implementation. 3. Which of the following is a benefit of planning A) Helps in avoiding confusion and misunderstanding. B) Ensure clarity in thought and action. C) Useless and redundant activities are minimised or eliminated. D) All of the above. Show Answer Correct Answer: D) All of the above. 4. What does the unity of command mean? A) Each employee reports to one-and only one-supervisor at a time or for a particular task. B) The examination of the organization's internal strengths and weaknesses. C) The right to make decisions about work assignments and to require other employees to perform assigned tasks. D) The authority given to individual employees to make decisions and solve problems they encounter on their jobs. Show Answer Correct Answer: A) Each employee reports to one-and only one-supervisor at a time or for a particular task. 5. Assertion (A):Planning Process comes to an end with the drafting of main and supportive plans. Reason (R):Employees are to be communicated about the various plans made by the managers. A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true but R is not the correct explanation of A. C) A is true but R is false. D) A is false but R is true. Show Answer Correct Answer: A) Both A and R are true and R is the correct explanation of A. 6. The Coca-Cola factory in South Korea produces a range of products on its production lines. An individual production line may produce Diet Coke one day and then be switched to Fanta the next. Cans move along a conveyor belt producing items in a continually moving process. The production method used by Coca-Cola is: A) Flow production. B) Batch production. C) Job production. D) Mass customisation. Show Answer Correct Answer: A) Flow production. 7. A manufacturer of MP3 players wishes to increase its added value. Which of the following changes are likely to increase the added value?(i) redesigning the product to make it more aesthetically pleasing(ii) increasing promotion to build brand loyalty(iii) paying administrative employees less A) (i) only. B) (i) and (ii). C) (ii) and (iii). D) (i), (ii) and (iii). Show Answer Correct Answer: B) (i) and (ii). 8. Which of the following is a disadvantage of a partnership related to contracts? A) Pooling of skills. B) Bound by contracts of partners. C) Reduces competition. D) Pooling of capital resources. Show Answer Correct Answer: B) Bound by contracts of partners. 9. When uncertainty is high and managers must be flexible in order to respond to unexpected changes, directional plans are preferable. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 10. What type of trend is caused by changes in the characteristics of a population? A) Competitive trend. B) Demograpic trend. C) All the above. D) None of the above. Show Answer Correct Answer: B) Demograpic trend. 11. Which of the following quality a manager must possess to succeed in planning? A) Reflective thinking. B) Imagination. C) Farsightedness. D) All of these. Show Answer Correct Answer: D) All of these. 12. Which of the following is a common business planning tool? A) SWOT Analysis. B) Pythagorean Theorem. C) Periodic Table. D) Morse Code. Show Answer Correct Answer: A) SWOT Analysis. 13. Making sure the business does not overspend or go over their budget. A) Planning. B) Organizing. C) Leading. D) Controlling. E) Staffing. Show Answer Correct Answer: D) Controlling. 14. The traditional business system is called as ..... A) Modern method. B) Advanced method. C) Effective method. D) Legacy method. Show Answer Correct Answer: D) Legacy method. 15. What is the role of an 'executive summary' in a business plan? A) To provide a brief overview of the entire business plan. B) To detail the company's financial projections. C) To outline the company's marketing strategy. D) To describe the company's organizational structure. Show Answer Correct Answer: A) To provide a brief overview of the entire business plan. 16. A mission statement is used to express a companies A) Policies & procedures. B) Aims & values. C) Budget & finances. D) Hiring & training. Show Answer Correct Answer: B) Aims & values. 17. Data mining is a powerful new technology to ..... from large databases. A) Extraction of hidden predictive information. B) Generating reports. C) Retrieving data. D) Show result. Show Answer Correct Answer: A) Extraction of hidden predictive information. 18. Which of the following is NOT an advantage of a corporation? A) Long business life. B) Stockholders not liable. C) Government regulations. D) Ownership easily transferred. Show Answer Correct Answer: C) Government regulations. 19. The most important step of ERP implementation is ..... phase A) Installing. B) Training. C) Gap analysis. D) Testing. Show Answer Correct Answer: C) Gap analysis. 20. Which of the following is NOT a disadvantage of a corporation? A) Tax liability. B) Government regulations. C) Charter specifications. D) Stockholders not liable. Show Answer Correct Answer: D) Stockholders not liable. 21. Batch production is defined as: A) Producing identical products in batches. B) The use of fl exible computer-aided production systems. C) Producing items in a continually moving process. D) Producing items in batches in which every item in the batch passes through one stage of production before the batch moves on to the next stage. Show Answer Correct Answer: D) Producing items in batches in which every item in the batch passes through one stage of production before the batch moves on to the next stage. 22. ..... is the general response to a particular problem or situation. A) Objectives. B) Strategy. C) Policy. D) Rule. Show Answer Correct Answer: C) Policy. 23. What is a corporation? A) A business owned by a single individual. B) A business owned by a group of people and legally recognized as a separate entity. C) A business owned by the government. D) A business owned by a non-profit organization. Show Answer Correct Answer: B) A business owned by a group of people and legally recognized as a separate entity. 24. What is the purpose of feasibility studies? A) To monitor project costs throughout its duration. B) To determine the financial and technical viability of a project. C) To estimate ongoing costs of a project. D) To assess potential cost overruns. Show Answer Correct Answer: B) To determine the financial and technical viability of a project. 25. Career planning starts with- A) Assessing your skills and talents. B) Deciding how much you want to earn. C) Determining the hours you work. D) Listing your past jobs. Show Answer Correct Answer: A) Assessing your skills and talents. ← PreviousNext →Related QuizzesClass 12 Business Studies Chapter 4 Planning Quiz 1Class 12 Business Studies Chapter 4 Planning Quiz 2Class 12 Business Studies Chapter 4 Planning Quiz 3Class 12 Business Studies Chapter 4 Planning Quiz 4Class 12 Business Studies Chapter 4 Planning Quiz 5Class 12 Business Studies Chapter 4 Planning Quiz 6Class 12 Business Studies Chapter 4 Planning Quiz 7Class 12 Business Studies Chapter 4 Planning Quiz 8Class 12 Business Studies Chapter 4 Planning Quiz 9Class 12 Business Studies Chapter 4 Planning Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books