This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 4 Planning – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 4 Planning Quiz 13 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The company should conduct a ..... about the implementation and implementation strategies. A) Feasibility study. B) Survey. C) Case study. D) Test. Show Answer Correct Answer: A) Feasibility study. 2. Which term refers to the process of gathering and analyzing information about competitors? A) Competitive Analysis. B) Market Segmentation. C) Industry Benchmarking. D) Customer Profiling. Show Answer Correct Answer: A) Competitive Analysis. 3. Provides guidance to employees to perform their job successfully. A) Planning. B) Organizing. C) Leading. D) Controlling. E) Staffing. Show Answer Correct Answer: C) Leading. 4. What does SMART stand for in goal setting? A) Strategic, Measurable, Actionable, Relevant, Time-bound. B) Specific, Measurable, Achievable, Realistic, Time-bound. C) Specific, Measurable, Attainable, Relevant, Time-bound. D) Simple, Measurable, Achievable, Realistic, Timely. Show Answer Correct Answer: C) Specific, Measurable, Attainable, Relevant, Time-bound. 5. What is the purpose of a 'competitive analysis' in a business plan? A) To evaluate the strengths and weaknesses of competitors. B) To determine the company's financial health. C) To outline the company's marketing strategy. D) To describe the company's organizational structure. Show Answer Correct Answer: A) To evaluate the strengths and weaknesses of competitors. 6. Which of the following is an advantage of a corporation? A) Tax liability. B) Government regulations. C) Available financial resources. D) Charter specifications. Show Answer Correct Answer: C) Available financial resources. 7. What is the purpose of a PEST analysis in situational analysis? A) To analyze the internal environment of a business. B) To analyze market trends and competition. C) To analyze strengths, weaknesses, opportunities, and threats. D) To analyze political, economic, sociocultural, and technological factors. Show Answer Correct Answer: D) To analyze political, economic, sociocultural, and technological factors. 8. What should you mainly consider for marketing? A) All the different types of products and services. B) Promotion through newspaper and emails. C) Your target customers and promotion of the product or service. D) None of the above. Show Answer Correct Answer: C) Your target customers and promotion of the product or service. 9. Selling price x quantity is the formula for which of the following? A) Profit. B) Total costs. C) Revenue. D) Variable costs. Show Answer Correct Answer: C) Revenue. 10. What is one of the purposes of a business plan? A) To show to potential investors. B) To hide from potential investors. C) To increase business risks. D) To avoid writing business aspects. Show Answer Correct Answer: A) To show to potential investors. 11. A planning tool that helps a business to not over spend. A) Schedule. B) Budget. C) Policy. D) Procedure. Show Answer Correct Answer: B) Budget. 12. Statement I:Single-use plans include budgets, programmes and projects. Statement II:Standing plans include policies, procedures, methods and rules. A) Statement II is correct and Statement I is not correct. B) Both the Statements I and II are correct. C) Statement I is correct and Statement II is not correct. D) Both the Statements I and II are not correct. Show Answer Correct Answer: B) Both the Statements I and II are correct. 13. What should a project manager be willing to do when it comes to change? A) Make quick decisions. B) Foster a workable agreement. C) Be willing to make changes. D) Share responsibilities. Show Answer Correct Answer: C) Be willing to make changes. 14. What is the purpose of the executive summary in a feasibility study report? A) To assess the technical feasibility of the project. B) To explain the project's objectives and scope. C) To highlight the main findings, conclusions, and recommendations. D) To evaluate the market conditions. Show Answer Correct Answer: C) To highlight the main findings, conclusions, and recommendations. 15. What does the 'R' in SMART goal format stand for? A) Relevant. B) Realistic. C) Reliable. D) Resourceful. Show Answer Correct Answer: B) Realistic. 16. Planning can eliminate changes or events. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 17. What does 'scalability' mean in a business context? A) The ability to grow and manage increased demand. B) The ability to reduce costs. C) The ability to maintain current operations. D) The ability to decrease production. Show Answer Correct Answer: A) The ability to grow and manage increased demand. 18. The first step in determining financials for a feasibility study is to A) Determine start-up costs. B) Estimate operating expenses. C) List all sources of funding. D) Estimate expected revenue. Show Answer Correct Answer: A) Determine start-up costs. 19. A business sells 12, 000 units per year. Fixed costs per year are £50, 000 and variable costs are £2.50 per unit. The business's total costs are: A) £30, 000. B) £54, 800. C) £62, 000. D) £80, 000. Show Answer Correct Answer: D) £80, 000. 20. What does the construction costs worksheet in a feasibility study include? A) Architectural fees, engineering fees, quantity surveyor fees. B) Market analysis, financial feasibility, legal assessment. C) Materials, labor, equipment, subcontractors, and contingency. D) Risk analysis, schedule and timeline, recommendation. Show Answer Correct Answer: C) Materials, labor, equipment, subcontractors, and contingency. 21. A fire officer giving a report at the actual scene of the fire is which of the following type of data source? A) Primary. B) Elementary. C) Secondary. D) Tertiary. Show Answer Correct Answer: A) Primary. 22. What is the term for a visual representation of a company's organizational structure? A) Organizational Chart. B) Flowchart. C) Blueprint. D) Roadmap. Show Answer Correct Answer: A) Organizational Chart. 23. Which aspect of planning refers to documents that outline how results are to be achieved? A) Goals. B) Plans. C) Objectives. D) Performance guidelines. Show Answer Correct Answer: B) Plans. 24. Which step in the planning process involves transforming the plan into action? A) Generating Alternatives. B) Situational Analysis. C) Implementation. D) Goal Setting. Show Answer Correct Answer: C) Implementation. 25. Phoenicians were also known as? A) Reformers. B) Manufacturers. C) Maritime Traders. D) Intellectuals. Show Answer Correct Answer: C) Maritime Traders. ← 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