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Planning Test - 27

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Planning Test - 27
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  • Question 1
    1 / -0
    The purpose of business plan is that it  _________.
  • Question 2
    1 / -0
    The first step in planning is _________.
    Solution
    Planning is deciding in advance what to do and how to do. It is a process of decision making. Process of planning includes the following steps:
    • Setting Objectives
    • Developing Premises
    • Identifying alternative courses of action
    • Selecting an alternative
    • Evaluating alternative courses
    • Selecting an alternative
    • Implement the plan
    • Follow-up action

    Setting objectives is the primary step in planning. Objectives or goals specify what the organisation wants to achieve.
  • Question 3
    1 / -0
    Planning is helpful as it _________.
  • Question 4
    1 / -0
    Which of the following strategy focuses on issues of production processes, material, etc.? 
    Solution
    An operation strategy for a business is the company's plan for how the business will operate to achieve a set of goals. It includes strategy and decisions related to the operations of the business.
    Hence, option A is correct.
  • Question 5
    1 / -0
    Planning means _________.
  • Question 6
    1 / -0
    Whenever possible alternatives regarding planning for an organization are decided __________.
  • Question 7
    1 / -0
    Planning objectives can be __________.
  • Question 8
    1 / -0
    In the process of planning the things that are to be overlooked are ________.
  • Question 9
    1 / -0
    Group decisions for planning are useful because ________.
  • Question 10
    1 / -0
    Planning is called a mental function because ________.
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