This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Business Studies Chapter 4 Planning – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Business Studies Chapter 4 Planning Quiz 9 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Assertion (A):Planning promotes innovative ideas. Reason (R):Since planning is the first function of management, new ideas can take the shape of concrete plans. 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 section of a business plan describes the target market? A) Financial Plan. B) Marketing Plan. C) Executive Summary. D) Appendix. Show Answer Correct Answer: B) Marketing Plan. 3. Punishment can be awarded for not following a particular element of planning.Name the element. A) Procedure. B) Policy. C) Rule. D) Programme. Show Answer Correct Answer: C) Rule. 4. When formal planning fails to lead to higher performance, which one of the following is most likely to be the reason for the failure? A) A participative style of planning was used. B) Managers were allowed too much autonomy. C) The company emphasized the control function over other functions. D) External forces constrain managers' options. Show Answer Correct Answer: D) External forces constrain managers' options. 5. What is the purpose of a Mission Statement in an Executive Summary? A) To provide a detailed financial analysis. B) To clearly define what the business is about. C) To list the company's products. D) To describe the company's marketing strategy. Show Answer Correct Answer: B) To clearly define what the business is about. 6. Which of the following is NOT included in a business plan? A) Building layout. B) Vision statement. C) Financial plan. D) Executive summary. Show Answer Correct Answer: A) Building layout. 7. What is an organization chart? A) A written description of the nature of the business, its goals and objectives, and how they will be achieved. B) The examination of the organization's internal strengths and weaknesses. C) An illustration of the structure of an organization, major job classifications, and the reporting relationships among the organization's personnel. D) The company's reason for existing. Show Answer Correct Answer: C) An illustration of the structure of an organization, major job classifications, and the reporting relationships among the organization's personnel. 8. What does 'cash flow' refer to in business? A) The total amount of money being transferred into and out of a business. B) The company's profit margin. C) The company's revenue. D) The company's expenses. Show Answer Correct Answer: A) The total amount of money being transferred into and out of a business. 9. What is the purpose of job descriptions in an Organizational Plan? A) To outline marketing strategies. B) To define roles and responsibilities. C) To list financial goals. D) To describe products and services. Show Answer Correct Answer: B) To define roles and responsibilities. 10. Due to planning changes in business environment do not come as shock and surprise. This related to which IMPORTANCE of planning. A) Planning facilitates decision making. B) Planning promotes innovative idea. C) Planning reduces the rial of uncertainties. D) Planning provides direction. Show Answer Correct Answer: C) Planning reduces the rial of uncertainties. 11. Details about current item of inventory/stock can be found in A) Marketing plan. B) Financial plan. C) Operations plan. D) Business profile. Show Answer Correct Answer: C) Operations plan. 12. In a corporate office, employees are expected to complete their projects and tasks in accordance with the company's specific standards and expectations. A) Reporting. B) Performance. C) Standards. D) Responsibility. Show Answer Correct Answer: B) Performance. 13. The reason we export goods and services is A) Because we make them more efficiently. B) We don't make them efficiently. C) All the above. D) None of the above. Show Answer Correct Answer: A) Because we make them more efficiently. 14. Health food and exercise are examples of what type of trend? A) Lifestyle trend. B) Demographic trend. C) All the above. D) None of the above. Show Answer Correct Answer: A) Lifestyle trend. 15. Long-term plans are those with a time frame beyond three years. A) TRUE. B) FALSE. C) All the above. D) None of the above. Show Answer Correct Answer: A) TRUE. 16. What is the final stage of a feasibility study? A) Recommendation and Decision. B) Project Definition. C) Risk Analysis. D) Schedule and Timeline. Show Answer Correct Answer: A) Recommendation and Decision. 17. What do we call the quantitative details of expected results? A) Rule. B) Programme. C) Procedure. D) Budget. Show Answer Correct Answer: D) Budget. 18. Which step in the planning process involves fostering creativity and exploring various paths? A) Goal Setting. B) Situational Analysis. C) Generating Alternatives. D) Evaluating Options. Show Answer Correct Answer: C) Generating Alternatives. 19. Robert Downs, owner of a new community newspaper in his home town of Corning, New York, has set the following goal for his company: "To be a champion for free speech and for the development of the community." This goal constitutes the ..... goal of the company. A) Informal. B) Operational. C) Financial. D) Strategic. Show Answer Correct Answer: D) Strategic. 20. Managers of a family-run restaurant sit down together to brainstorm what they want in their new employee handbook. A) Planning. B) Organizing. C) Leading. D) Controlling. E) Staffing. Show Answer Correct Answer: A) Planning. 21. Why is planning important for a successful project launch? A) Improves resource utilization. B) Gives direction and helps focus on goals. C) All of them. D) Provides commitment and drive. Show Answer Correct Answer: C) All of them. 22. Assertion (A):Goals of a company are set keeping in mind the physical and financial resources available. Reason (R):Goals should not be rime-specific. 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. 23. Assertion (A):Deciding what to do, how to do it, and when to do is Planning. Reason (R):Planning bridges the gap between where we are standing today and where we want to reach. 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. 24. Sharam daan an NGO has planned to conduct a concert for raising funds but due to covid-19 situation it's plan failed which limitation of planning does it show A) Planning is rigid. B) Planning is costly. C) Planning planning reduces creativity. D) Planning may not work in dynamic environment. Show Answer Correct Answer: D) Planning may not work in dynamic environment. 25. A business plan is used to A) To think through your business ideas. B) To find investors in your business. C) To develop a marketing strategy. D) To do market research. Show Answer Correct Answer: B) To find investors in your business. ← 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 10Class 12 Business Studies Chapter 4 Planning Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books