CBSE Class 12 Business Studies Planning MCQs Set 06

Question: What the manager has to apply for selecting the best possible course of action
a) Algebra
b) Calculus
c) Permutations and combinations
d) Luck
Answer: c

Question: Identify the type of plan which has least flexibility.
a) Strategy
b) Rules
c) Policy
d) Objective
Answer: b

Question: “GRAND INNOVATION CHALLENGE” was launched by
a) NITI Aayog
b) Planning Commission
c) National Planning Committee
d) Finance Commission
Answer: a

Question: Which of the following quality a manager must possess to succeed in planning?
a) Reflective Thinking
b) Imagination
c) Farsightedness
d) All of these
Answer: d

Question: In which step of planning process Pros and cons of each alternative is examined
a) Selecting an alternative
b) Developing Premises
c) Evaluating alternative courses
d) Setting Objectives
Answer: c

Question: Planning is an activity which usually lowers down middle level management?
a) Creativity
b) Significance
c) Salary
d) Worth
Answer: a

Question: Which limitations highlighted here — once plans decided the future course of action and managers may not be in a position to change it.
a) Does Not Work in a Dynamic Environment
b) Reduces morality
c) Creates Rigidity
d) Time-consuming process
Answer: c

Question: What should be stated clearly for all departments, units and employees
a) Methods
b) Objectives
c) Values
d) Options
Answer: b

Question: Planning commission of India is :
a) A constitutional body
b) An independent and autonomous body
c) A statutory body
d) A non-statutory body
Answer: d

Question: Pervasiveness of planning indicates that planning
a) Is a top management function
b) Extends throughout the organization
c) Is a future-oriented activity
d) Is the first element of management process
Answer: b

Question: One of the following is a feature of planning
a) It is a lengthy process
b) It is costly process
c) It is time consuming process
d) It is a mental exercise
Answer: d

Question: Planning means
a) Arrange the resources
b) Think in advance
c) Appoint the right person
d) Monitor the activity
Answer: b

Question: It requires application of mind involving foresight, intelligence, imagination and sound judgement. Which feature of planning is indicated here?
a) It is futuristic
b) It involves decision making
c) It is mental exercise
d) It is continuous
Answer: c

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

Question: Who appoints the Vice-Chairperson of NITI Aayog
a) The Prime Minister
b) The President
c) The Chief Executive Officer
d) The Union Minister
Answer: a

Question: Name the type of plan which serves as a guide for overall business and defines the end result.
a) Policy
b) Method
c) Procedure
d) Strategy
Answer: a

Question: Planning results in decreasing
a) Coordination
b) Proper use of resource
c) Future uncertainties
d) Control
Answer: c

Question: Mr Reeshabh Bhandari is the chief manager in ‘Bhandari Pustak Parkashans’. He is fond of continuing to present innovative ideas while planning for his business... Identify the ‘importance of planning’ described above.
a) Planning provides direction
b) Planning reduces the risk of uncertainty
c) Planning reduces overlapping and wasteful activities
d) Planning promotes innovative ideas
Answer: d

Question: Radha Rani noticed that planning requires several options, but when only one option is available, planning becomes unnecessary. Identify the feature of planning.
a) Planning is continuous
b) Planning is futuristic
c) Planning involves decision making
d) Planning is pervasive
Answer: c

Question: Rakhi Dua is unhappy as she cannot make any changes to the plans set by top management. Identify the ‘limitation of planning’ in the above event.
a) Planning leads to rigidity
b) Planning may not work in a dynamic environment
c) Planning reduces creativity
d) Planning increases cost
Answer: c

Question: Saurabh decided to start a chocolate manufacturing business and collected information about demand... Identify the step in planning.
a) Follow up action
b) Selecting an alternative
c) Developing premises
d) Evaluating alternatives
Answer: c

Fill In The Blanks:

Question: One time event plan is a _______.
Answer: single use plan

Question: Efficiency in routine decisions can be enhanced by _______.
Answer: standing plans

Question: Planning is________ consuming process and it delays action.
Answer: Time

Question: The first and foremost step of planning process is ________ objectives.
Answer: Setting

Question: Planning are prepared for a_______ period of time.
Answer:specific

Question: Planning is basically an _______ activity of thinking.
Answer: intellectual

Question: The social, legal, economical and technological environment will effect an organisation’s _______ .
Answer: Strategy

True/ False :

Question:If there is planning, employees would be working in different direction and the organization would be able to achieve its desired goals.
Answer: False

Question: Time factor should not taken into consideration during planning.
Answer: False

Question: Strategy defines the direction and scope of an organisation in long run.
Answer: True

Question: Planning is a prerequisite for controlling.
Answer: True

Question: Statement of expense and income for a specified period is called budget.
Answer: True

Question: After setting objectives, the next step of planning process is Evaluating alternative courses
Answer: False

Question: Organising helps the manager to look into the future.
Answer: False

Question: Implementing the plan means putting the plan into action
Answer: True

Question: Planning is an exclusive function of top management.
Answer: False

Question: Planning premises means systemic and logical estimate for the future factors affecting planning
Answer: True

Match the following:

Question:
1. By deciding in advance the task to be performed, planning shows the way to deal with changes and uncertain events         a. Facilitates decision making
2. The manager makes a choice from amongst various alternative courses of action.                                                                b. Reduces risk of uncertainty
                                                                                                                                                                                                c. Establishes standards for controlling
Answer: 1-b, 2-a

Question:
1. Planning is a prerequisite for controlling                                                 a. Reduces risk of uncertainty
2. By deciding in advance the task to be performed, planning shows
     the way to deal with changes and uncertain events.                              b. Reduces overlapping and wasteful activities
Answer: 1-c, 2-a

Question:
1. Departments and Individuals in the organization are able to work in       a. Promotes innovative ideas
   coordination 
2. Planning is a prerequisite for controlling                                                  b. Provides direction
                                                                                                                     c. Establishes standards for controlling
Answer: 1-b, 2-c

Question:
1. Planning serves as the basis of coordinating the activities of            a. Provides direction
   different divisions, departments and individuals.
2. Departments and Individuals in the organization are able to             b. Reduces overlapping and wasteful activities
   work in coordination.
                                                                                                               c. Facilitates decision making
Answer: 1-b, 2-a

Question:
1. It is the most challenging activity for the management as it             a. Establishes standards for controlling
  guides all future actions. a. Establishes standards for controlling
2. Planning serves as the basis of coordinating the activities of           b. Reduces overlapping and wasteful activities
  different divisions, departments and individuals.                    
                                                                                                              c. Promotes innovative ideas
Answer: 1-c, 2-b

Question: Match the following

COLUMN I COLUMN II
a) Mental exercise          (i) Looking ahead and regarded as forward looking.
b) Futuristic                   (ii) Intellectual activity of thinking rather than doing
c) Continuous               (iii) Need for a new plan based on future requirements and needs.
(a) (ii),(i),(iii)
(b) (i),(iii),(ii)
(c) (iii),(ii),(i)
(d) none of these
Answer: a