Planning Test

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Planning Test - 14

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Weekly Quiz Competition

Question 1
1 / -0

Identify correct steps in forecasting:
I. Analysis of deviations
II. Forecasting future course of business
III. Improving the existing forecasting procedure
IV. Identifying and developing the structure
Select the correct answer from the options given.

A
II, IV, I, III

B
III, I, II, IV

C
I, III, IV, II

D
IV, II, I, III
Question 2
1 / -0

Planning process comprises determination and laying down of.

A
Objectives

B
Policies & procedures

C
Strategies

D
All of the above
Question 3
1 / -0

_________ are those that are largely decided by company management involving policies and programmes.

A
Unavoidable premises

B
Controllable premises

C
(A) and (B)

D
(A) or (B)
Question 4
1 / -0

Which of the following is concerned with the overall purpose and scope of the business to meet stakeholder expectations?

A
Operational strategy

B
Corporate strategy

C
Business unit strategy

D
Operation strategy
Question 5
1 / -0

In relation to planning process "principle of navigational change" requires that __________.

A
The company should choose new manager for new problems

B
Manager periodically checks on events and expectations and redraw plans as necessary to maintain a course towards a desired goal

C
Both (A) and (B)

D
Either (A) or (B)
Question 6
1 / -0

Advantages of forecasting _________.

A
Since forecasting involves some amount of guess work it is not fully reliable

B
Possibility of error cannot be completely eliminated from forecasts

C
Plan is the synthesis of the various forecasts annual, short-term, ling-term, etc., which enables the management to arrive various decisions relating to business matters

D
All of the above
Question 7
1 / -0

In case of decision making, "diagnosing the real problem implies"________.

A
Analyzing the internal and external factors and discovering relations between them

B
Knowing the gap between what exists and what is expected to happen, identifying the reasons for the gap

C
Decentralizing routine matters so that top management can concentrate on vital and strategic decisions

D
Actual selection of a course of action from among a number of alternatives
Question 8
1 / -0

Identify the correct steps in planning.
(i) Selecting a course of action
(ii) Determining alternative courses
(iii) Establishing objectives
(iv) Formulating derivative plans
(v) Evaluation of alternatives
(vi) Establishment of planning premises
Select the correct answer from the options given.

A
III, VI, II, IV, I, V

B
VI, III, II, V, I, IV

C
III, IV, II, V, I, VI

D
III, VI, II, V, I, VI
Question 9
1 / -0

Budget is a ___________ statement, prepared and approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. It

A
Financial

B
Quantitative

C
Financial and/or quantitative

D
Financial and/or qualitative
Question 10
1 / -0

The fifth step involved in planning process is the ________.

A
Evaluation of alternatives

B
Determining alternative courses

C
Formulating derivative plans

D
Selecting a course of action

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Planning Test - 14

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Planning Test - 14

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SHARING IS CARING

Question 1

II, IV, I, III

III, I, II, IV

I, III, IV, II

IV, II, I, III

Question 2

Objectives

Policies & procedures

Strategies

All of the above

Question 3

Unavoidable premises

Controllable premises

(A) and (B)

(A) or (B)

Question 4

Operational strategy

Corporate strategy

Business unit strategy

Operation strategy

Question 5

The company should choose new manager for new problems

Manager periodically checks on events and expectations and redraw plans as necessary to maintain a course towards a desired goal

Both (A) and (B)

Either (A) or (B)

Question 6

Since forecasting involves some amount of guess work it is not fully reliable

Possibility of error cannot be completely eliminated from forecasts

Plan is the synthesis of the various forecasts annual, short-term, ling-term, etc., which enables the management to arrive various decisions relating to business matters

All of the above

Question 7

Analyzing the internal and external factors and discovering relations between them

Knowing the gap between what exists and what is expected to happen, identifying the reasons for the gap

Decentralizing routine matters so that top management can concentrate on vital and strategic decisions

Actual selection of a course of action from among a number of alternatives

Question 8

III, VI, II, IV, I, V

VI, III, II, V, I, IV

III, IV, II, V, I, VI

III, VI, II, V, I, VI

Question 9

Financial

Quantitative

Financial and/or quantitative

Financial and/or qualitative

Question 10

Evaluation of alternatives

Determining alternative courses

Formulating derivative plans

Selecting a course of action

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