Planning Test

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Planning Test - 34

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following is fundamental function of management and all other functions of management are greatly influenced by it?

A
Controlling

B
Directing

C
Motivating

D
Planning
Question 2
1 / -0

_________is regarded as the mental processes resulting in the selection of action among alternative scenarios.

A
Planning

B
Decision making

C
Controlling

D
Organizing
Question 3
1 / -0

____________specifies investment in current assets like inventory, debtors, etc., at different points of time.

A
R&D budget

B
Profitability budget

C
Working capital budget

D
Production budget
Question 4
1 / -0

Identify which of the following statement is correct (right) and which is incorrect (wrong)
I - Unique feature of control is that it can exist without planning.
II - Task of planning does end with assessing the future.

A
I - Wrong

II - Wrong

B
I - Wrong

II - Right

C
I - Right

II - Wrong

D
I - Right

II - Right
Question 5
1 / -0

Statement I: Forecasting does not play any role in planning.
Statement 2: Forecasts are based on postulations and assumptions and, as such, are subject to some amount of guess-work.

A
Statement I and Statement 2 both are false.

B
Statement I and Statement 2 both are true.

C
Statement I is true but Statement 2 is false.

D
Statement 2 is true but Statement 1 is false.
Question 6
1 / -0

If you are going to put Rs 1,00,000 in a fixed deposit for a year at 10% rate of interest, then you know how much interest your money will earn. What kind of a decision making condition is this?

A
Certain

B
Uncertain

C
Risk

D
Normal
Question 7
1 / -0

Limitations of planning________________________________.

A
Planning is a continuous function of management

B
Since the future cannot be predicted with absolute accuracy, premising is always subject to a margin of error and guess work which are reflected in various plans based on them.

C
Planning is an all pervasive and a primary function of management.

D
Planning is the selecting and relating of facts and the making and using of assumptions regarding the future in the visualization and formulation of proposed activities believed necessary to achieve desired results.
Question 8
1 / -0

Identify the best definition of planning_______________________.

A
An integrated process, in which plans are formulated, carried out and controlled.

B
Devising ways of achieving the objectives of an organization.

C
The core activity of planners and planning departments.

D
Setting an organization's objectives and the means of reaching them.
Question 9
1 / -0

Identify the correct steps in planning.
i. Selecting a course of action.
ii. Determining alternatives courses
iii. Establishing objectives
iv. Formulating derivative plans
v. Evaluation of alternatives
vi. Establishment of planning premises
Select the correct answer from the options given below:

A
III, VI, II, IV, I, V

B
VI, III, II, V, I, IV

C
III, IV, II, V, I, VI

D
III, VI, II, V< I, IV
Question 10
1 / -0

Which qualities should a person possess to succeed in planning?
I - Reflective thinking
II - Pondering
III - Imagination
IV - Farsightedness
V - Reflecting

A
I, III and V

B
IV, III and II

C
II, III, I and V

D
IV, I and III

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Re-Attempt Weekly Quiz Competition

Planning Test - 34

Result

Planning Test - 34

Score

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Rank

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SHARING IS CARING

Question 1

Controlling

Directing

Motivating

Planning

Question 2

Planning

Decision making

Controlling

Organizing

Question 3

R&D budget

Profitability budget

Working capital budget

Production budget

Question 4

I - WrongII - Wrong

I - WrongII - Right

I - RightII - Wrong

I - RightII - Right

Question 5

Statement I and Statement 2 both are false.

Statement I and Statement 2 both are true.

Statement I is true but Statement 2 is false.

Statement 2 is true but Statement 1 is false.

Question 6

Certain

Uncertain

Risk

Normal

Question 7

Planning is a continuous function of management

Since the future cannot be predicted with absolute accuracy, premising is always subject to a margin of error and guess work which are reflected in various plans based on them.

Planning is an all pervasive and a primary function of management.

Planning is the selecting and relating of facts and the making and using of assumptions regarding the future in the visualization and formulation of proposed activities believed necessary to achieve desired results.

Question 8

An integrated process, in which plans are formulated, carried out and controlled.

Devising ways of achieving the objectives of an organization.

The core activity of planners and planning departments.

Setting an organization's objectives and the means of reaching them.

Question 9

III, VI, II, IV, I, V

VI, III, II, V, I, IV

III, IV, II, V, I, VI

III, VI, II, V< I, IV

Question 10

I, III and V

IV, III and II

II, III, I and V

IV, I and III

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I - Wrong

II - Wrong

I - Wrong

II - Right

I - Right

II - Wrong

I - Right

II - Right