Planning Test

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Planning Test - 31

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Weekly Quiz Competition

Question 1
1 / -0

In general, Vision and Mission statements of an organisation are a result of _______.

A
operational planning

B
strategic planning

C
middle level planning

D
performance planning.

Solution

Strategic planning is an organization's process of defining its strategy, or direction and making decisions on allocating its resources to pursue this strategy. A strategic plan draws business enterprise vision, mission, objectives, managerial abilities, technical proficiencies and sources of finance.
Question 2
1 / -0

The term 'corporate strategy' concerns strategy and strategic decisions _______.

A
in certain types of organizations.

B
at all levels of management in an organization

C
developed by the senior management in an organization for the marketing.

D
in the public sector only.
Question 3
1 / -0

For an effective business plan it is required __________.

A
to not have required resources

B
to evaluate the business opportunity

C
to determine the required business plan

D
to manage the resulting enterprise
Question 4
1 / -0

Control is directly linked to __________.

A
planning

B
motivation

C
organizing

D
directing
Question 5
1 / -0

The full form of BARS is _________.

A
Behaviorally Anchored Ranking Scales

B
Behaviorally Anchored Rating Scales

C
Behaviorally Anchored Rollback Scales

D
None of the above
Question 6
1 / -0

Constraints on time, money and resources are managed in ________.

A
operational planning

B
strategic planning

C
capital budgeting

D
market research.

Solution

Operational planning translates your high level strategic plan into a more detailed plan of who will do what and when. Operational planning must produce the plan outcomes while managing constraints on time, money and resources.
Question 7
1 / -0

During a trial, an attorney is planning to call to the stand to testify six different witnesses- T, V, W, X, Y and Z. She will call each witness exactly one time, and the other in which she calls them is subject to the following conditions
(i) The fourth witness must be T.
(ii) W and Y must both be called before V.
(iii) X must be called before W.
Which out of the following could be the order in which the attorney calls the six witnesses?

A
W, X, Y, T, Z, V

B
X, W, V, T, Y, Z

C
X, Y, W, T, Z, V

D
Z, T, X, W, Y, V

Solution

Option(c) is correct as
1) 4th witness is T- the 1st condition
2)W & Y are called before V- the 2nd condition
3)X is called before W- the 3rd condition.
Option (a) is incorrect ,as condition 3 is not fulfilled as X should be called before W.
Option (b) incorrect, as condition 2 is not fulfilled as W & Y should be called before V.
Option (d) incorrect, as condition 1 is not fulfilled as T should be called 4th.
Question 8
1 / -0

Nodu, a chocolate manufacturer based in Singapore, produces candy containing exotic ingredients from rain forests of Brazil. The ingredients are provided by a single supplier who has an exclusive control with Nodu. The chocolate manufacturer thus has a great deal of power over the market. This is an example of _________.

A
Strategic vision

B
Distinctive competition

C
Competitive advantage

D
Strategic management.

Solution

A distinctive competence of a firm refers to a set of activities or capabilities that a company is able to perform better than its competitors and which gives it an advantage over them. In this case, the chocolate manufacturer has a great deal of power over the market thus it is an example of distinctive competence.
Hence, option (B) is the correct answer.
Question 9
1 / -0

Which of the following would be considered a planning activity when writing a report?

A
Evaluating your work

B
Defining the purpose

C
Rearranging content

D
Checking for grammar and spelling errors
Question 10
1 / -0

Appointing a manager under some strategic decision is covered under __________.

A
strategy formulation

B
environment scanning

C
strategy implementation

D
strategic planning.

Solution

Strategy implementation is a term used to describe the activities within an organisation to manage the execution of a strategic plan.

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Re-Attempt Weekly Quiz Competition

Planning Test - 31

Result

Planning Test - 31

Score

-

Rank

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SHARING IS CARING

Question 1

operational planning

strategic planning

middle level planning

performance planning.

Solution

Question 2

in certain types of organizations.

at all levels of management in an organization

developed by the senior management in an organization for the marketing.

in the public sector only.

Question 3

to not have required resources

to evaluate the business opportunity

to determine the required business plan

to manage the resulting enterprise

Question 4

planning

motivation

organizing

directing

Question 5

Behaviorally Anchored Ranking Scales

Behaviorally Anchored Rating Scales

Behaviorally Anchored Rollback Scales

None of the above

Question 6

operational planning

strategic planning

capital budgeting

market research.

Solution

Question 7

W, X, Y, T, Z, V

X, W, V, T, Y, Z

X, Y, W, T, Z, V

Z, T, X, W, Y, V

Solution

Question 8

Strategic vision

Distinctive competition

Competitive advantage

Strategic management.

Solution

Question 9

Evaluating your work

Defining the purpose

Rearranging content

Checking for grammar and spelling errors

Question 10

strategy formulation

environment scanning

strategy implementation

strategic planning.

Solution

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