This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 4 Planning – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 4 Planning Quiz 16 (6 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Assertion (A):Planning is basically an intellectual activity of thinking rather than doing. Reason (R):Planning requires application of the mind involving foresight, intelligent imagination and sound judgement. 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. 2. Which of the following is NOT a role of an Entrepreneur? A) Conceptualizing. B) Accessing finance. C) Doing Research. D) Preparing Vacation Leave. Show Answer Correct Answer: D) Preparing Vacation Leave. 3. What is "Global Economy" ? A) Worldwide Markets. B) National Markets. C) All the above. D) None of the above. Show Answer Correct Answer: A) Worldwide Markets. 4. What are the disadvantages of a business plan? A) Not 100% accurate. B) Reduced brand image if business didn't have one. C) Shows potential future problems. D) Shows how the business will be run. Show Answer Correct Answer: A) Not 100% accurate. 5. The reason we import goods and services is- A) We don't make them efficiently ourselves. B) We make them efficiently ourselves. C) All the above. D) None of the above. Show Answer Correct Answer: A) We don't make them efficiently ourselves. 6. Assertion (A):Planning does not guarantee success. Reason (R):Managers have a tendency to rely on previously tried and tested successful plans. It is not always true that just because a plan has worked before it will work again. 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. ← PreviousRelated 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