Planning Test

Result

Planning Test - 18

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Weekly Quiz Competition

Question 1
1 / -0

The first step in decision making is ______.

A
defining the problem

B
analysing the problem

C
evaluating the alternatives

D
selection of best solution

Solution

The first step in decision making is to visualise the problem clearly. It is said that a well defined problem is half solved. The problem may be financial, technical or related to marketing. These problems generally arise due to shortage, depression, government regulations, competition, changing patterns of consumption etc.
Question 2
1 / -0

Match the following:
(1) Policy (a) Guidelines for repetitive problems
(2) Budget (b) Quantitative plan of action
(3) Project (c) Scheme for deployment of resources
(4) Rule (d) Rigid plan, no scope for discretion

A
1-a; 2-c; 3-d; 4-b

B
1-a; 2-b; 3-c; 4-d

C
1-b; 2-a; 3-c; 4-d

D
1-d; 2-c; 3-b; 4-a

Solution

Policy, budget, project and rule are the types of plans. Policies are the organisation's own way of handling the problems. Budget is the statement of expected result expressed in numerical terms. Project is the way utilising the resources. Rules spell out special actions or non actions of the employees.
Question 3
1 / -0

Strategy is ______.

A
forward looking

B
backward looking

C
downward looking

D
upward looking

Solution

Strategy is forward looking as it is created to take into account the probable behaviour of customers and competitors. Strategies dealing with employees predict the employee behaviour. Strategy in short, bridges the gap between "where we are " and "where we want to be".
Question 4
1 / -0

Decision making can be ________.

A
positive

B
negative

C
both (a) and (b)

D
none of the above

Solution

Decision making is a human process as decisions are taken by humans only. Managers select the best alternative according to the required goal. But sometimes the decision made by him may not succeed. So we can say that decision making can be both positive as well as negative.
Question 5
1 / -0

Strategy is a ______.

A
long term plan

B
medium term plan

C
short term plan

D
all of the above

Solution

Strategy is long term, medium term as well as short term plan. Long term includes corporate strategies, medium term includes business unit strategies and short term includes functional strategies. Different strategies are decided at their level by their heads.
Question 6
1 / -0

Which of the following are true or false?
(a) Planning and forecasting both are concerned with failure
(b) Forecasting is helpful not only in planning but in the entire management process

A
Both (a) and (b) are true

B
Both (a) is true, but (b) is false

C
Both (a) and (b) are false

D
Both (a) and (b)

Solution

It is true that planning and forecasting both are concerned with failure. We can only predict the future but we can not decide the situations to be held in future. Forecasting is helpful in all the process of management but it just reduces the risk of uncertainties.
Question 7
1 / -0

Decision-making is an integral part of every _________.

A
manager's job

B
director's job

C
worker's job

D
all of the above

Solution

Decision making is a integral part of every manager. He has to recognize what is required in every single context. He has to take all types of decision to focus on everyday, logistic, technical, strategic, holistic decisions.

Question 8

1 / -0

Match the following:

(a) Strategy	(1) General guide to thinking and decision-making
(b) Policy	(2) Contigent plan to meet environmental pressures
(c) Procedure	(3) Chronological sequence of steps
(d) Programme	(4) Combination plan for goal achievement

a-1; b-2; c-3; d-4

a-2; b-1; c-3; d-4

a-1; b-2; c-4; d-3

a-3; b-2; c-4; d-1

Solution

Strategy, policy, procedure and programmes are the types of plans. A strategy is a comprehensive plan to achieve the organisational objectives. Policy is organisation's general response to a particular situation. Procedures are required steps established in advance to handle future conditions. Programmes are the combination of goals, policies, procedures and rules.

Question 9
1 / -0

Selecting one from several alternatives is called ________.

A
planning

B
forecasting

C
decision making

D
controlling

Solution

Selecting one from the various alternatives is called decision making. When trying to make a good decision, a person must weigh the positives and negatives of each option, and consider all the best possible alternative. For effective decision making, a person must be able to forecast the outcome of each option as well and determine the best.
Question 10
1 / -0

Group-decision making is _______.

A
more time consuming

B
costly

C
both (a) and (b)

D
none of the above

Solution

Group decision making is very time consuming process as it is difficult to plan, organise and control the group, explaining them the purpose of meeting and then finally reach to the solution. It is also very costly in terms of time, money, energy and man hours.

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Re-Attempt Weekly Quiz Competition

(1) Policy	(a) Guidelines for repetitive problems
(2) Budget	(b) Quantitative plan of action
(3) Project	(c) Scheme for deployment of resources
(4) Rule	(d) Rigid plan, no scope for discretion

Planning Test - 18

Result

Planning Test - 18

Score

-

Rank

-

SHARING IS CARING

Question 1

defining the problem

analysing the problem

evaluating the alternatives

selection of best solution

Solution

Question 2

1-a; 2-c; 3-d; 4-b

1-a; 2-b; 3-c; 4-d

1-b; 2-a; 3-c; 4-d

1-d; 2-c; 3-b; 4-a

Solution

Question 3

forward looking

backward looking

downward looking

upward looking

Solution

Question 4

positive

negative

both (a) and (b)

none of the above

Solution

Question 5

long term plan

medium term plan

short term plan

all of the above

Solution

Question 6

Both (a) and (b) are true

Both (a) is true, but (b) is false

Both (a) and (b) are false

Both (a) and (b)

Solution

Question 7

manager's job

director's job

worker's job

all of the above

Solution

Question 8

a-1; b-2; c-3; d-4

a-2; b-1; c-3; d-4

a-1; b-2; c-4; d-3

a-3; b-2; c-4; d-1

Solution

Question 9

planning

forecasting

decision making

controlling

Solution

Question 10

more time consuming

costly

both (a) and (b)

none of the above

Solution

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