Planning Test -...

______________is the direction and scope of an organization over the long-term; which achieves advantage for the organization through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfil stakeholder expectations.

The determines organizational objectives and the policies, programmes, schedules, procedures, and methods for achieving them.

Which of the following can be treated as feature of strategy?
(1) It reflects concern to effectively mobilize resources.
(2) It maximizes chances to achieve objectives.
(3) Formulating strategies is the job of top management.
Select the correct answer from the options given below.

Which of the following is the preparatory step for actions and helps in bridging the gap between the present and the future?

Identify which of the following statement is correct (right) and which is incorrect (wrong).
1. Though more important for higher levels, planning is the not a function of every manager.
2. Ascertaining the future is also known as planning.
Select the correct answer from the options given below:

Budgeting is the formulation of plans for a given ___________ in numerical terms.

Which of the following statement is FALSE?
(I) Early identification of opportunities does not help an enterprise to exploit opportunities.
(II) Identification of possible threats helps in taking corrective measures to survive the competition.

Which of the following factor may affect location of business?
(1)Transport facilities
(2)Availability of Labour
(3)Market - Customers
(4)Government policy
(5)Supplies of raw material
Select the correct answer from the options given below.

Match the following:

Advantages of budgeting is/ are _________________.