Planning : HS 2nd year commerce

Planning: HS 2nd year

Quiz

 

1. Which is the following not a defination of Planning?
   1.   Planning is the thinking process, the organised foresight, the version based on facts and experience that is required for intellectual action
   2.   Planning is chalking out plan of action, i.e. the result envisaged in the line of action to be followed, the stages to go through the methods to use
   3.   Planning is the deciding of a course required for reaching organisational goals, The line of action is decided in advance so that actual execution becomes easy.
   4.   Planning is the deciding in advance what to do, how to do and who is to do it. Planning bridges the gap from where we are to go. It makes it possible for things to happen.
   5.   Planning is the deciding in advance what not to do, how to do and who is to do it. Planning bridges the gap from where we are to go. It makes it possible for things to happen.
2. Which is the charecteristics or features of Planning?
   1.   Planning is a mental exercise,
      Planning is primacy,
      Planning is continuous,
      Planning is forward looking
   2.   Planning involves decision breaking,
      Planning is not Pervasive,
      Planning not focus on objectives
   3.   Planning involves decision making,
      Planning is Pervasive,
      Planning focus on objectives
   4.   A&C
3. Which function of management is considered as base of all other functions?
   1.   Planning
   2.   organising
   3.   Directing
   4.   Controlling
4. What is the prinary function of management?
   1.   Planning
   2.   Organising
   3.   Directing
   4.   controlling
5. What is meant by primacy of planning
   1.   Planning is the first function and other functions are not based on it.
   2.   Planning is the first function and other functions are based on it.
   3.   Planning is the Second function and other functions are based on it.
   4.   Planning is the strong function and other functions are based on it.
6. Why is it said that planning is futuristic?
   1.   Because it is not done for the coming periods.
   2.   Because it is done for the past periods.
   3.   Because it is done for the coming periods.
   4.   Because it is done for the present periods.
7. Why is planning called continuous process?
   1.   The process of planning ends with the preparation of a plan, the changes happening in future needs to be incorporated in it.
   2.   The process of planning does not end with the preparation of a plan, the changes happening in future needs to be incorporated in it.
   3.   The process of planning does end with the preparation of a plan, the changes happening in future needs to be incorporated in it.
   4.   A&C
8. Why is planning called pervasive?
   1.   Because Planning is done by all managers at different levels of management
   2.   Because Planning is not done by all managers at different levels of management
   3.   Because Planning is done by Top level managers by top levels of management
   4.   none
9. What are the steps in planning process?
   1.   1. Awareness of opportunities
      2. Setting objectives
      3. Developing planning premises
      4. Identifying Alternative course of Action
      5. Evaluating different alternatives
      6. Selecting an Alternative
      7. Implementation of plans
      8. Follow up Action
   2.   1. Awareness of opportunities
      2. Setting objectives
      3. Developing planning premises
      4. Identifying Alternative course of Action
      5. Evaluating different alternatives
      6. Selecting an Alternative
      7. Follow up Action
      8. Implementation of plans
   3.   1. Awareness of opportunities
      2. Setting objectives
      3. Developing planning premises
      4. Evaluating different alternatives
      5. Identifying Alternative course of Action
      6. Selecting an Alternative
      7. Implementation of plans
      8. Follow up Action
   4.   1. Awareness of opportunities
      2. Setting objectives
      3. Developing planning premises
      4. Identifying Alternative course of Action
      5. Evaluating different alternatives
      6. Implementation of plans
      7. Follow up Action
      8. Selecting an Alternative
10. Plans are classified as:
    1.   1. Single use plans &
       2. Classified Plans
    2.   1. Single use plans &
       2. Deriving Plans
    3.   1. Single use plans &
       2. Standing Plans
    4.   none
11. Which plans are made for handling non-recurring problems?
    1.   Standing plan
    2.   Single use plan
    3.   Objective
    4.   Method
12. Single use plan is/are
    1.   used only once
    2.   made to meet demand for specific situation
    3.   discarded when the situation is over
    4.   made for every new situation
    5.   All the above
    6.   A&B only
13. Which plans are made to be used time and again?
    1.   Single use plan
    2.   Standing plans
    3.   Strategy / long tern plan
    4.   none
14. Which plans are stable in nature?
    1.   Standing
    2.   Single use
    3.   Streategic
    4.   policy
15. Which plans are used as guidelines for smooth working of an organization?
    1.   Policy
    2.   Single use
    3.   Standing
    4.   Objective
16. ............. are the goals established to guide the efforts of the company and its various constituents
    1.   Objectives
    2.   Policy
    3.   Method
    4.   Rule
17. ............... is acomprehensive plan to achive organisational objectives
    1.   Policy
    2.   Strategy
    3.   method
    4.   rule
18. .......................... are the general statements which are formulated by an organization for the guidence of its employees.
    1.   method
    2.   budget
    3.   policy
    4.   programme
19. ...................... are details of action or the guideline for the achievement of business objectives.
    1.   Procedure
    2.   Rules
    3.   budget
    4.   method
20. ................. refers to the manner of performing a particular task.
    1.   Budget
    2.   Method
    3.   Rules
    4.   procedure
21. ............. is a plan that lays down a required course of action with regard to a situation.
    1.   Procedure
    2.   methods
    3.   Rules
    4.   programmes
22. A ................ is the monetary or and quantitive expression of business plans and policies to be persued in future.
    1.   Budget
    2.   method
    3.   Programmes
    4.   Rules
23. A ....................... is a sequence of activities designed to implement policies and achieve objectives.
    1.   Programmes
    2.   Budget
    3.   Rule
    4.   Method
24. What is/are the limitations of planning
    1.   Planning leads rigidity
    2.   Planning is time consuming process
    3.   Planning involves Huge costs
    4.   Planning may not work in dynamic environmrent
    5.   planning reduces creativity
    6.   planning does not gurantee success
    7.   All the above
    8.   A&C only
25. Why is planning important?
    1.   Planning provides direction
    2.   planning reduce risk of uncertainties
    3.   planning reduce overlapping and wasteful Activities
    4.   Planning facilitates decision making
    5.   planning promotes innovation and creativity
    6.   planning facilitates control
    7.   All the above
    8.   AB&C only
    9.   none

Management and Business Environment unit 3 Business Studies MCQ

Management and Business Environment

Quiz

 

1. Define business environment.
   1.   It is a sum total of all individuals, institutions and other factors that are not outside the control of a business enterprise, but influence its performance.
   2.   It is a sum total of all individuals, institutions and other factors that are outside the control of a business enterprise, but influence its performance.
   3.   It is a sum total of all individuals, institutions and other factors that are inside the control of a business enterprise, but influence its performance.
   4.   It is a sum total of all individuals, institutions and other factors that are outside the control of a business enterprise, but not influence its performance.
2. Which is not a features/Characteristics of business Environment?
   1.   Totally of external factors, Specific & General factors.
   2.   Inter related factors, uncertainty, Complexity.
   3.   Inter related factors, Certainty, Complexity, Totally of external factors, Specific & General factors.
   4.   Relative Impact, Dynamic
3. Name some Specific Forces influencing business environment -
   1.   Customer, investors
   2.   competitors, suppliers
   3.   A&B
   4.   none
4. Name some General Forces influencing business environment -
   1.   Economic, Social
   2.   Political, legal
   3.   technological
   4.   All the above
5. Why is business environment called uncertain?
   1.   due to rapid changes that are taking place in the factors influencing it.
   2.   due to non changes that are taking place in the factors influencing it.
   3.   due to rapid changes that are taking place in the factors which are not influencing it.
   4.   none
6. Why business environment is important?/ Give the reasons why business environment is important?
   1.   Identifying opportunities and getting First Make Advantage,
      Benefitting from rapid changes,
      Helpful in long term planning,
   2.   Helpful in preparing Strategies,
      Matching Technological needs,
      Improving market share,
      Encouraging research & Development
   3.   First Make Advantage,
      Benefitting from rapid changes,
      Helpful in long term planning,
      Discouraging research & Development
   4.   A&B
7. Why is it said that business environment is a "Relative Concept"?
   1.   because environmental changes may not have more impact on one company as compared to the other company
   2.   because environmental changes may have more impact on relatives company as compared to the other company
   3.   because environmental changes may have more impact on one company as compared to the other company
   4.   none
8. Inflation, interest rates changes in disposable income of people, value of rupees, capital markets, demand patterns, foreign exchange regulations are the factors of -
   1.   Economic Environment
   2.   Social Environment
   3.   Technological Environment
   4.   Legal Environment
9. Traditions, values and ethics, social trands are
   1.   Economic Environment
   2.   Social Environment
   3.   Political Environment
   4.   Legal environment
10. Which Environment relates to scientific improvements and innovations which provide new and better ways of producing goods and services and new methods and techniques of operating business
    1.   Legal Environment
    2.   Economic Environment
    3.   Social Environment
    4.   Technological Environment
11. Which Environment consists of factors relating to government affairs.
    1.   Social Environment
    2.   Political Environment
    3.   Economic Environment
    4.   Legat Environment
12. Which Environment refers to the framework of laws and legislations within which a business enterprise has to work?
    1.   Legal Environment
    2.   Social Environment
    3.   Economic Environment
    4.   Political Environment
13. What are the features of new industrial / economic policy?
    1.   Abolition of Industrial Licensing,
       Limited Role for Public Sector,
       Liberalisation of Foreign Investments,
       Liberalised Foreign Trade,
    2.   Technology upgradation,
       Setting up Foreign Investment Promotion Board,
       Incentives for small scale sector
    3.   Abolition of Industrial Licensing,
       Unliimited Role for Public Sector,
       Liberalisation of Foreign Investments,
       Liberalised Foreign Trade,
    4.   A&B
14. New economic policy made major changes in relation to
    1.   Liberalisation,
       Personalization,
       Globalisation
    2.   Liberalisation,
       Privatisation,
       Globalisation
    3.   Liberalisation,
       Privatisation,
       Nationalisation
    4.   Liberalisation,
       Semi Privatisation,
       Globalisation
15. Which is the process of freeing the economy from license system and other regulations?
    1.   Liberalisation
    2.   Privatisation
    3.   Globalisation
    4.   none
16. Why Privatisation was needed?
    1.   There was a need for more and more investments and government had limited resources.
       Need for professional management,
       Freedom
    2.   Freedom in decision making process,
       Use of resources properly
       There was a need to bring personal touch in working
    3.   There was a need for more and more investments and government had unlimited resources.
       No need for professional management,
       Freedom
    4.   A&B
17. What do you mean by Globalisation?
    1.   Globalisation means integrating the economy of a country with the world economy.
    2.   Globalisation means integrating the economy of a country within the nations economy.
    3.   Globalisation means integrating the economy of a country with the world wealth.
    4.   none
18. What are the impacts of Government Policy changes on Business?
    1.   Ease in entering Business,
       Increase in competitinous,
       Rapidly changing Technology Environment,
       More demanding customers
    2.   New marketing strategies,
       Emphasis on machine Development,
       Trust on import,
       Change in public sector policy
    3.   New marketing strategies,
       Emphasis on Human Resource Development,
       Trust on Export,
       Change in public sector policy
    4.   A&C
19. What is meant by liberalisation of Economy?
    1.   Liberalisation is the process of engaging the economy from license system and other regulations
    2.   Liberalisation is the process of freeing the economy from license system and other regulations
    3.   Liberalisation is the process of demanding the economy from license system and other regulations
    4.   all of the above
20. Which policy of the government has marched India towards liberalisation and globalisation?
    1.   The new industrial policy 1996
    2.   The new industrial policy 1992
    3.   The new industrial policy 1991
    4.   The new industrial policy 1990