CBSE Class 12 Business Studies Planning MCQs Set B

Question: They detail the exact manner in which any work is to be performed.
(a) Rules
(b) Procedures 
(c) Methods
(d) Programmes

Answer : B

Question: Micromax was India's largest seller of mobile handsets. It launched low-cost Chinese manufacturing with some smart packaging and features like long-lasting batteries and dual-sim functionality to garner 20% market share in India's value-conscious mobile handset market. Identify the two types of plans being described in the above lines.
(a) Strategy and objective 
(b) Rule and Programme
(c) Programme and objective
(d) Method and objective

Answer : A

Question: Which of the following is not a benefit of planning?
(a) Planning reduces the risks of uncertainty.
(b) Planning reduces overlapping and wasteful activities.
(c) Planning is a mental exercise. 
(d) Planning provides directions.

Answer : C

Question: Which of the following is a benefit of planning?
(a) Useless and redundant activities are minimised or eliminated.
(b) Ensures clarity in thought and action.
(c) Helps in avoiding confusion and misunderstanding.
(d) All of the options 

Answer : D

Question: Planning requires logical and systematic thinking rather than guess work or wishful thinking. Identify the related feature of planning.
(a) Planning focuses on achieving objectives.
(b) Planning establishes standards for controlling.
(c) Planning is futuristic.
(d) Planning is a mental exercise. 

Answer : D

Question: Planning cannot foresee everything, and thus, there may be obstacles to effective planning. Identify the related limitation of planning.
(a) Planning reduces creativity.
(b) Planning leads to rigidity.
(c) Planning may not work in a dynamic environment. 
(d) Planning does not guarantee success.

Answer : C

Question: They provide a basis for interpreting strategy, which is usually stated in general terms.
(a) Programmes
(b) Objectives
(c) Procedures
(d) Policies 

Answer : D

Question: _____ forecasts the sales of different products in each area for particular month:-
(a) Sales budget 
(b) Sales accounts
(c) Sales cost
(d) None of the options

Answer : A

Question: Pervasiveness of planning indicates that planning
(a) is a future-oriented activity.
(b) is a top management function.
(c) is the first element of management process.
(d) extends throughout the organisation. 

Answer : D

Question: Which one of the following is an importance of planning?
(a) Identifying alternatives critically
(b) Developing leadership
(c) Reducing uncertainty 
(d) Selecting the most appropriate plan

Answer : C

Question: ___ are relevant to recurring activities.
(a) Objectives
(b) Single-use plans
(c) Standing plans 
(d) Programmes

Answer : C

Question: ___ specifies the end to be achieved.
(a) Method
(b) Strategy
(c) Objective 
(d) Policy

Answer : C

Question: Single use plans are designed only ____________
(a) For an indefinite period
(b) To meet the demand of specific situations 
(c) To use two times
(d) To achieve the objectives

Answer : B

Question: No fine or penalty for violation is charged under____
(a) Method 
(b) Law
(c) Rule
(d) None of the options

Answer : A

Question: All other managerial functions are performed within the framework of the plans drawn. Identify the related feature of planning.
(a) Planning is primary function of management. 
(b) Planning is pervasive.
(c) Planning is futuristic.
(d) Planning focuses on achieving objectives.

Answer : A

Question: It is not always true that just because a plan has worked before it will work again. Identify the related limitation of planning.
(a) Planning may not work in a dynamic environment.
(b) Planning leads to rigidity.
(c) Planning does not guarantee success. 
(d) Planning reduces creativity.

Answer : C

Question: Which of the following is not a standing plan?
(a) Programme 
(b) Rule
(c) Procedure
(d) Policy

Answer : A

Question: A strategy is derived from
(a) Method
(b) Rule
(c) Policy
(d) Objective 

Answer : D

Question: It is a plan which quantifies future facts and figures.
(a) Rule
(b) Programme
(c) Budget 
(d) Procedure

Answer : C

Question: Increasing sale by 15% is _______________
(a) Rule
(b) Objective 
(c) Procedure
(d) Method

Answer : B

Question: Estimated cash inflows and cash outflows are _________
(a) Procedure
(b) Rules
(c) Budget 
(d) Programme

Answer : C

Question: Which of the following is not correct?
(a) Planning focuses on achieving objectives
(b) Planning is continuous process
(c) Planning reduces the profitability 
(d) Planning is futuristic

Answer : C

Question: Which of the following is an assumption of rationality to rational decision making?
(a) Final choice will maximise payoff
(b) Preferences are clear
(c) The problem is clear and unambiguous
(d) All of the options 

Answer : D

Question: Which of the following is a limitation of planning?
(a) Planning does not guarantee success 
(b) Planning facilitates decision making
(c) Planning provides directions
(d) Planning promotes innovative ideas

Answer : A

Question: Which one of the following is a limitation of planning?
(a) Planning helps in decision making
(b) Planning provides directions
(c) Planning reduces risk of uncertainty
(d) Planning leads to rigidity 

Answer : D

Question: Development of a new product is a ___________
(a) Strategy
(b) Policy
(c) Programme 
(d) Procedure

Answer : C

Question: Swatch Ltd. plans to earn a 20% return on its investment in a new project. Identify the type of plan being described in the above lines.
(a) Strategy
(b) Objective 
(c) Programme
(d) Method

Answer : B

Question: Deepak is striving to earn a profit of 30% in the current financial year. Identify the type of plan being described in the above lines.
(a) Strategy
(b) Objective 
(c) Method
(d) Programme

Answer : B

Question: Planning helps in reducing the _______________
(a) Decision making
(b) Memory
(c) Direction for action
(d) Risk of uncertainty 

Answer : D

Question: If a firm has decided to sell its product on cash basis only, it is part of firm?s _________
(a) Procedure
(b) Objectives
(c) Policy 
(d) Method

Answer : C

Question: __ is a statement of expected results in numerical terms.
(a) Estimate
(b) Budget 
(c) Forecast
(d) Plan

Answer : B

Question: ___ is a feature of planning also referred to as primacy of planning.
(a) Primary function of management 
(b) Continuous
(c) Pervasive
(d) Integrating

Answer : A

Question: Decision-making is the case of __
(a) Planning 
(b) Directing
(c) Staffing
(d) Organising

Answer : A

Question: Which of the following is a feature of planning:-
(a) Focuses on achieving goals
(b) Pervasive
(c) Mental exercise
(d) All of the options 

Answer : D

Question: By comparing ______ with standards manager can know whether the goals are achieved or not:-
(a) Costs
(b) Risk
(c) Actual performance 
(d) Ideas

Answer : C

Question: ___ is a standardised way or manner of performing a routine activity considering its objectives.
(a) Programme
(b) Rule
(c) Method 
(d) Procedure

Answer : C

Question: Which one of the following is a step of planning?
(a) Analysis of environment 
(b) Analysis of employee behaviour
(c) Analysis of employee morale
(d) Analysis of organisation structure

Answer : A

Question: The sub ordinates are given complete freedom in taking decisions is a part of
(a) Stratergy
(b) Procedure
(c) Policy 
(d) Rule

Answer : C

Question: Which one of the following is not a limitation of planning?
(a) Costly process
(b) Top management approach 
(c) Rigidity
(d) Dynamic environment

Answer : B

Question: What to do and how to do is concerned with______
(a) Controlling
(b) Planning 
(c) Organising
(d) None of the options

Answer : B