Chapter 4: Planning — Online MCQ Test
BUSINESS STUDIES · Grade 12 · CBSE(NCERT)
Practice Chapter 4: Planning with a free chapter-wise online MCQ test.
This chapter covers: This chapter details planning concepts importance limitations planning process steps types of plans objectives strategies policies procedures rules programs and budgets..
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Chapter 4: Planning — Important Questions & Answers
What is planning in management?
- A. Deciding in advance what to do, how to do it, when to do it and who will do it
- B. Controlling employees after work is completed
- C. Recruiting workers for vacant jobs
- D. Recording business transactions systematically
Answer: A. Deciding in advance what to do, how to do it, when to do it and who will do it
Planning is the process of deciding in advance the future course of action. It includes what, how, when and by whom the task will be done.
Planning is the process of deciding in advance the future course of action. It includes what, how, when and by whom the task will be done.
Which of the following is NOT an importance of planning?
- A. Gives direction to action
- B. Helps in avoiding confusion
- C. Reduces risk and uncertainty
- D. Eliminates the need for decision-making
Answer: D. Eliminates the need for decision-making
Planning helps decision-making, but it does not eliminate the need for it. Managers still have to choose among alternatives while planning.
Planning helps decision-making, but it does not eliminate the need for it. Managers still have to choose among alternatives while planning.
A company deciding to enter a new market by offering products at lower prices than competitors is using a:
- A. Rule
- B. Strategy
- C. Procedure
- D. Budget
Answer: B. Strategy
A strategy is a broad course of action designed to achieve a goal, often involving competition and market positioning. Price-based market entry is a strategic decision.
A strategy is a broad course of action designed to achieve a goal, often involving competition and market positioning. Price-based market entry is a strategic decision.
A manufacturer prepares a plan that includes market analysis, production targets, advertising plan and time schedule for launching a new product. Which of the following best describes this?
- A. Rule
- B. Programme
- C. Budget
- D. Policy
Answer: B. Programme
A programme is a comprehensive plan that includes objectives, steps, resources and schedules. The given case describes a one-time launch plan.
A programme is a comprehensive plan that includes objectives, steps, resources and schedules. The given case describes a one-time launch plan.
Which of the following is the most accurate statement about planning?
- A. Planning reduces creativity because it fixes only one course of action
- B. Planning is only useful in stable business conditions
- C. Planning helps in reducing unnecessary overlapping and confusion in work
- D. Planning guarantees that future events will occur exactly as predicted
Answer: C. Planning helps in reducing unnecessary overlapping and confusion in work
Planning provides direction and helps coordination, reducing confusion and overlapping. It does not guarantee exact future outcomes.
Planning provides direction and helps coordination, reducing confusion and overlapping. It does not guarantee exact future outcomes.