Planning Test

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Planning Test - 17

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Weekly Quiz Competition

Question 1
1 / -0

Divisional planning is also known as _______.

A
strategic planning

B
active planning

C
intermediate planning

D
operational planning

Solution

Divisional planning includes the plans formulated for various departments or divisions of an enterprise. It determines the scope and activities of a particular department and it's operations. It is also known as operational planning.
Question 2
1 / -0

Short-term planning covers a period of _________.

A
6 months

B
8 months

C
1 year

D
2 years

Solution

Short term planning usually covers the short period of a year. Short term plans are concerned with the immediate future so we can say it deals with the current operations of business like stock management, work methods, employees training etc. It can be easily adjustable and only limited sources are required for short term planning.
Question 3
1 / -0

The concept of strategy in business has been borrowed from ________.

A
military science

B
sports

C
political science

D
both (a) and (b)

Solution

The concept of strategy is borrowed from military and sports. Enterprises need business strategies for much the same reasons that armies need military strategies. Sports manager also make assessment of the 'battlefield' earlier. Business, military and sports strategy share a number of common concepts and principles, the most basic being the distinction between strategy and tactics.
Question 4
1 / -0

Which of the following is the first step in planning?

A
Analysing the environment

B
Establishing objectives

C
Selecting the best course

D
Evaluating alternatives

Solution

Planning is a step by step process. The first step in planning process is analysing the environment. Firstly, a proper check or we can say deep observation should be made about the requirement of the environment. Then only the objectives to be fulfilled will set up properly.
Question 5
1 / -0

Short-term planning is also known as _____.

A
activity planning

B
intermediate planning

C
rolling planning

D
perspective planning

Solution

Short term planning is also known as activity planning because it allocates resources for the day-to-day business development and management. It is detailed and specific.
Question 6
1 / -0

Operational planning is ________.

A
long term in nature

B
medium term in nature

C
short term in nature

D
none of the above

Solution

Operational planning has a short term scope. It is specific for the working teams of any operational unit. Operational planning focusses on achieving objectives and carrying out short term activities. It corresponds to the annual work plan. It explains how a strategic plan will be put into operation during a given operational period.
Question 7
1 / -0

Give another term for medium term planning?

A
Intermediate planning

B
Activity planning

C
Tactical planning

D
Organisation planning

Solution

Medium term planning is also known as intermediate planning. This is usually developed by top managers working in conjunction with middle managers. Intermediate planning also allows owners and managers to forecast future changes in the economic market. In simple words, intermediate planning implements policies and procedures to ensure that short term problems don't occur.
Question 8
1 / -0

Corporate planning is done by _____.

A
top level of management

B
lower level of management

C
bottom level of management

D
medium level of management

Solution

Corporate planning is a process used by businesses to map out a course of action that will result in revenue growth and increased profits. Thus corporate planning is done by top level of management and communicate the plans and strategies at downward level for implementation. Managers describe clearly what role each department is expected to fulfill in the achievement of organisational goals.
Question 9
1 / -0

Decision making is a _______.

A
goal oriented activity

B
conscious and human process

C
process of selection from amongst alternative courses of action

D
all of the above

Solution

Planning is needed only when different alternatives are available and we have to select most suitable alternative. Decision making of best alternative is totally depends on the goal of the organisation. It is conscious and human process.
Question 10
1 / -0

Forecasting is a prerequisite to _____.

A
plan

B
organise

C
manage

D
all of the above

Solution

All business man have to think about future, make predictions and achieve target. Forecasting is necessary to make plans as we make plans for future not for past. Forecasting is the base of planning. Planning makes it possible for things to happen.

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Re-Attempt Weekly Quiz Competition

Planning Test - 17

Result

Planning Test - 17

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Rank

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SHARING IS CARING

Question 1

strategic planning

active planning

intermediate planning

operational planning

Solution

Question 2

6 months

8 months

1 year

2 years

Solution

Question 3

military science

sports

political science

both (a) and (b)

Solution

Question 4

Analysing the environment

Establishing objectives

Selecting the best course

Evaluating alternatives

Solution

Question 5

activity planning

intermediate planning

rolling planning

perspective planning

Solution

Question 6

long term in nature

medium term in nature

short term in nature

none of the above

Solution

Question 7

Intermediate planning

Activity planning

Tactical planning

Organisation planning

Solution

Question 8

top level of management

lower level of management

bottom level of management

medium level of management

Solution

Question 9

goal oriented activity

conscious and human process

process of selection from amongst alternative courses of action

all of the above

Solution

Question 10

plan

organise

manage

all of the above

Solution

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