This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 4 Planning – Quiz 12 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 4 Planning Quiz 12 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which term refers to the financial forecast in a business plan? A) Executive Summary. B) Market Analysis. C) Cash Flow Projection. D) Company Description. Show Answer Correct Answer: C) Cash Flow Projection. 2. Why is it important to research the market? A) To find out the percentage of customers preferred method of payment. B) To identify potential competitors. C) To become an expert in the industry. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. Increasing sales by 10% in the next quarter is an important type of plan. Identify the type of plan. A) Objective. B) Policy. C) Strategy. D) Programme. Show Answer Correct Answer: A) Objective. 4. What does the financial feasibility study help determine? A) The environmental impact of the project. B) The project's profitability and return on investment. C) The legal and regulatory requirements. D) The technical challenges associated with the project. Show Answer Correct Answer: B) The project's profitability and return on investment. 5. What out of the following is the example of objective? A) Raising sales up to 5000 crore. B) Giving employment to 1000 people. C) Raising income by 3%. D) All of these. Show Answer Correct Answer: D) All of these. 6. The Internet has led to Global services A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 7. Matt is a highly skilled professional in his industry, overseeing various aspects of his company's business operations. A) Engineer. B) Businessman. C) Manager. D) Teacher. Show Answer Correct Answer: C) Manager. 8. Grace is tasked with leading a team to launch a new product. She must utilize resources effectively to achieve the project goals through planning, organizing, leading, and controlling the team's progress. A) Management. B) Marketing. C) Leading. D) Finance. Show Answer Correct Answer: A) Management. 9. Identify the type of plan indicated by the above sign:Vishesh Constructions, a construction company, decided to strictly implement 'No Helmet, No Entry' and put the following sign at their construction sites: A) Rule. B) Policy. C) Method. D) Programme. Show Answer Correct Answer: A) Rule. 10. In an uncertain environment, managers should develop plans that are specific, but flexible. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 11. Statement I:Planning is a continuous process. Statement II:Once plans are framed and implemented, they need to be followed by new plans according to the new requirements. A) Statement II is correct and Statement I is not correct. B) Both the Statements I and II are correct. C) Both the Statements I and II are not correct. D) Statement I is correct and Statement II is not correct. Show Answer Correct Answer: B) Both the Statements I and II are correct. 12. Operating history is most likely to be found in A) Executive Summary. B) Operations Plan. C) Marketing Plan. D) Business Profile. Show Answer Correct Answer: D) Business Profile. 13. What is included in the market analysis of a feasibility study? A) Identifying legal and regulatory hurdles. B) Assessing the technical requirements of the project. C) Evaluating the demand, competition, and potential market size. D) Estimating ongoing costs and projected revenues. Show Answer Correct Answer: C) Evaluating the demand, competition, and potential market size. 14. How are goals usually expressed? A) As a percentage. B) As specific actions and measures. C) As the main reason for the organization's existence. D) As the desired future position of the company. Show Answer Correct Answer: A) As a percentage. 15. Technology like computers and assembly lines A) Make buying and selling more efficient. B) Make buying and selling less efficient. C) All the above. D) None of the above. Show Answer Correct Answer: A) Make buying and selling more efficient. 16. This represent the end point of planning. A) Rules. B) Methods. C) Objectives. D) Policies. Show Answer Correct Answer: C) Objectives. 17. William is planning a trip for the upcoming year and needs to create a detailed plan that summarizes expected income and expenses over a specific period of time. A) Budget. B) Plan. C) Schedule. D) Forecast. Show Answer Correct Answer: A) Budget. 18. Which of the following is a drawback of business planning? A) Reduces risk by providing a guide for the business. B) The plan will need to be constantly updated. C) It will help to secure any finance required. D) Allows the business to review its progress. Show Answer Correct Answer: B) The plan will need to be constantly updated. 19. What is one of the disadvantages of a sole proprietorship related to resources? A) Full claim to assets. B) Have to use own resources. C) Ease of decision-making. D) Full claim to profits. Show Answer Correct Answer: B) Have to use own resources. 20. A business makes a profit when: A) Total revenue is greater than total costs. B) Total revenue is less than total fixed costs. C) Total revenue is greater than total variable costs. D) Total revenue is less than total costs. Show Answer Correct Answer: A) Total revenue is greater than total costs. 21. A manager interviewing potential job candidates. A) Planning. B) Organizing. C) Leading. D) Controlling. E) Staffing. Show Answer Correct Answer: E) Staffing. 22. 10) ..... feasibility analysis is a quick assessment of the viability of an event idea. A) Organizational. B) Institutional. C) Product/service. D) Financial. E) Industry/market. Show Answer Correct Answer: D) Financial. 23. Statement I:A budget is a statement of expected results expressed in numerical terms. It is a plan which quantifies future facts and figures. Statement II:A budget is also a control device from which deviations can be taken care of. A) Both the Statements I and II are not correct. B) Both the Statements I and II are correct. C) All the above. D) None of the above. Show Answer Correct Answer: B) Both the Statements I and II are correct. 24. In a Business Plan, which component details the structure and management of the business? A) Organizational Plan. B) Financial Plan. C) Marketing Plan. D) Business Description. Show Answer Correct Answer: A) Organizational Plan. 25. What is known as the primary function of management? A) Controlling. B) Organising. C) Planning. D) Staffing. Show Answer Correct Answer: C) Planning. ← 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