This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 4 Planning – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 4 Planning Quiz 6 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. After implementation of plan A) Planning ends. B) New plan is made. C) Follow up is done. D) None of the above. Show Answer Correct Answer: C) Follow up is done. 2. What is the meaning of 'liquidity' in business terms? A) The ability to convert assets into cash quickly. B) The amount of liquid assets a company holds. C) The process of dissolving a business. D) The level of cash flow in a business. Show Answer Correct Answer: A) The ability to convert assets into cash quickly. 3. Identifying pros and cons of an alternative way to achieve objectives is A) A step in planning. B) Benefit of planning. C) Limitation of planning. D) Feature of planning. Show Answer Correct Answer: A) A step in planning. 4. Planning is concerned with only setting objective A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 5. What does 'ROI' stand for in business terminology? A) Return on Investment. B) Rate of Interest. C) Revenue on Income. D) Ratio of Input. Show Answer Correct Answer: A) Return on Investment. 6. The primary purpose of a feasibility study is to answer which of the following questions: A) What are the opportunity costs of this projec. B) What technology will be needed for this project?. C) Should we proceed with this project?. D) Is this business plan valid?. Show Answer Correct Answer: C) Should we proceed with this project?. 7. Technology speeds up the flow of the global economy A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 8. Which step in the planning process involves defining SMART goals? A) Goal Setting. B) Situational Analysis. C) Generating Alternatives. D) Evaluating Options. Show Answer Correct Answer: A) Goal Setting. 9. Which among the following was invention of Medici Family? A) Currency. B) Double-entry book keeping. C) Distributed payments. D) Bills of payment. Show Answer Correct Answer: B) Double-entry book keeping. 10. What does the acronym SWOT stands for? A) Strengths, Weaknesses, Obligations, Threats. B) Strengths, Weaknesses, Opportunities, Threats. C) Strengths, Weak points, Opportunities, Threats. D) Strengths, Weaknesses, Opportunities, Time. Show Answer Correct Answer: B) Strengths, Weaknesses, Opportunities, Threats. 11. 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. A) Statement I is correct and Statement II is not correct. B) Both the Statements I and II are correct. C) Both the Statements I and II are not correct. D) Statement II is correct and Statement I is not correct. Show Answer Correct Answer: B) Both the Statements I and II are correct. 12. Assertion (A):Goals should be clearly defined. Reason (R):There is no need to communicate plans to the employees once they are made. 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. 13. 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. A) Delegating. B) Reporting. C) Sharing. D) Deciding. Show Answer Correct Answer: A) Delegating. 14. 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. 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. 15. A ..... describes the nature of your business and list the marketplace needs that you are trying to satisfy. A) Market Analysis. B) Financial Reports. C) Appendix. D) Company Description. Show Answer Correct Answer: D) Company Description. 16. Assertion (A):Planning can not be done in the absence of choices. Reason (R):Planning helps in achieving organizational goals. 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. 17. Which term refers to the process of predicting future trends based on current data? A) Forecasting. B) Budgeting. C) Planning. D) Analyzing. Show Answer Correct Answer: A) Forecasting. 18. A manager delegates the responsibility of ordering office supplies to one of his employees. A) Planning. B) Organizing. C) Leading. D) Controlling. E) Staffing. Show Answer Correct Answer: B) Organizing. 19. A company's ..... are the priorities, principles, and beliefs that guide the company. A) Strengths. B) Values. C) Opportunities. D) None of the above. Show Answer Correct Answer: B) Values. 20. California Gold Rush was about? A) Discovery of gold mines. B) Inflation due to gold. C) Gold illegal trading. D) Indigenous natives gold was discovered. Show Answer Correct Answer: A) Discovery of gold mines. 21. Planning helps in coordination A) Because coordination is the essence of management. B) Because it clarifies duties and roles of every employee. C) Because it is able to look into the future. D) None of the above. Show Answer Correct Answer: B) Because it clarifies duties and roles of every employee. 22. The business ..... contains models of the redesigned organizational structure. A) Planning report. B) Blueprint. C) Marketing strategy. D) Implementation report. Show Answer Correct Answer: B) Blueprint. 23. What is the first step in career planning? A) Marketing. B) Self assessment. C) Interviewing. D) Job search. Show Answer Correct Answer: B) Self assessment. 24. Why is it important to include a specific date in a goal? A) To lower the goals and ensure success. B) To calculate the effort required for the goal. C) To provide incentive and monitor progress. D) To make the goal more relevant. Show Answer Correct Answer: C) To provide incentive and monitor progress. 25. 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. 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. ← 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 7Class 12 Business Studies Chapter 4 Planning Quiz 8Class 12 Business Studies Chapter 4 Planning Quiz 9Class 12 Business Studies Chapter 4 Planning Quiz 10Class 12 Business Studies Chapter 4 Planning Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books