R4RIN – MCQs, Mock Tests | Business Studies Business Studies-[Class 12-MCQS ]-Chapter 4 Planning

Name the function of management which involves setting objectives and developing appropriate courses of action to achieve these objectives.

1. Directing
2. Organising
3. Planning
4. Staffing

✅ Correct Answer: 3

Which of the following is not a benefit of planning?

1. Planning reduces overlapping and wasteful activities
2. Planning is a mental exercise
3. Planning provides directions
4. Planning reduces the risks of uncertainty

✅ Correct Answer: 2

Which of the following is a benefit of planning?

1. Helps in avoiding confusion and misunderstanding
2. Ensures clarity in thought and action
3. Useless and redundant activities are minimised or eliminated
4. All of the above

✅ Correct Answer: 4

Which of the following statements is not true with reference to planning?

1. Planning is a pre-requisite for controlling
2. Planning does not lead to rigidity
3. Planning enables a manager to look ahead and anticipate changes
4. Planning facilitates co-ordination among departments and individuals in the organisation

✅ Correct Answer: 2

What is known as the primary function of management?

1. Controlling
2. Organising
3. Planning
4. Staffing

✅ Correct Answer: 3

Which of the following is not a feature of planning?

1. Planning is futuristic
2. Planning is pervasive
3. Planning establishes standards for controlling
4. Planning focuses on achieving objectives

✅ Correct Answer: 3

All other managerial functions are performed within the framework of the plans drawn. Identify the related feature of planning

1. Planning focuses on achieving objectives
2. Planning is pervasive
3. Planning is futuristic
4. Planning is primary function of management

✅ Correct Answer: 4

Planning requires logical and systematic thinking rather than guess work or wishful thinking. Identify the related feature of planning.

1. Planning is futuristic
2. Planning is a mental exercise
3. Planning establishes standards for controlling
4. Planning focuses on achieving objectives

✅ Correct Answer: 2

Planning cannot foresee everything, and thus, there may be obstacles to effective planning. Identify the related limitation of planning.

1. Planning leads to rigidity
2. Planning may not work in a dynamic environment
3. Planning does not guarantee success
4. Planning reduces creativity

✅ Correct Answer: 2

It is not always true that just because a plan has worked before it will work again. Identify the related limitation of planning.

1. Planning leads to rigidity
2. Planning reduces creativity
3. Planning may not work in a dynamic environment
4. Planning does not guarantee success

✅ Correct Answer: 4

Identify the correct sequence of steps involved in the planning process.

1. Evaluating alternative courses, Identifying alternative course of actions, Setting objectives, Developing premises
2. Setting objectives, Identifying alternative course of actions, Evaluating alternative courses, Developing premises
3. Setting objectives, Developing premises, Identifying alternative course of actions, Evaluating alternative courses
4. Setting objectives, Developing premises, Identifying alternative course of actions, Evaluating alternative courses

✅ Correct Answer: 3

They represent the end point of planning

1. Rules
2. Methods
3. Objectives
4. Policies

✅ Correct Answer: 3

A strategy is derived from

1. Policy
2. Objective
3. Method
4. Rule

✅ Correct Answer: 2

A strategy is a comprehensive plan which will not include this dimension

1. Determining long term objectives
2. Adopting a particular course of action
3. The ends which the management seeks to achieve by its operations
4. Allocating resources necessary to achieve the objective

✅ Correct Answer: 3

They provide a basis for interpreting strategy, which is usually stated in general terms

1. Policies
2. Procedures
3. Objectives
4. Programmes

✅ Correct Answer: 1

They detail the exact manner in which any work is to be performed.

1. Rules
2. Methods
3. Procedures
4. Procedures

✅ Correct Answer: 3

It helps to save time, money and effort, and increases efficiency.

1. Procedure
2. Programme
3. Rule
4. Method

✅ Correct Answer: 4

It is a plan which quantifies future facts and figures

1. Procedure
2. Programme
3. Rule
4. Budget

✅ Correct Answer: 4

Which of the following is not a standing plan?

1. Policy
2. Procedure
3. Programme
4. Rule

✅ Correct Answer: 3

Which of the following is not a single use plan?

1. Budget
2. Programme
3. Method
4. All of the above

✅ Correct Answer: 3

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.

1. Strategy and objective
2. Strategy and objective
3. Programme and objective
4. Method and objective

✅ Correct Answer: 1

According to a survey, these days the young children have more power in purchasing decisions than ever before. The parents seek their kids’ opinions about all kinds of once-adult decisions, including where to go for dinner, what kind of car to buy, even what to wear,”. Therefore, the retailers are adapting to this by enhancing their kids’ sections. If the children want to shop in the store for their clothes, then there’s a greater chance the parent will also see something they want to buy as well. Identify the type of plan being described in the above lines.

1. Programme
2. Method
3. Strategy
4. Rule

✅ Correct Answer: 3

India is world’s third largest domestic aviation market. The government plans to make India a hub for financing aircraft purchases and leasing of planes. In order to promote this, the government has announced tax incentives, like tax deductions, for companies setting up business in IFSC for fifteen years. Identify the type of plan being described in the above lines.

1. Method
2. Strategy
3. Programme
4. Rule

✅ Correct Answer: 2

Ketan Enterprises adopts different ways to provide training to employees, like Job . Rotation, Coaching, Vestibule Training, Conference, Lecture Method and Role Playing. Identify the type of plan being described in the above lines.

1. Method
2. Strategy
3. Programme
4. Procedure

✅ Correct Answer: 1

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.

1. Method
2. Strategy
3. Programme
4. Objective

✅ Correct Answer: 4

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.

1. Method
2. Objective
3. Strategy
4. Programme

✅ Correct Answer: 2

Name the type of budget which is prepared to determine the net cash position.

1. Purchase budget
2. Sales budget
3. Cash budget
4. Production budget

✅ Correct Answer: 3