Planning Test

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Planning Test - 36

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Weekly Quiz Competition

Question 1
1 / -0

In decision making under different conditions, what is the difference between risk and uncertainty?

A
Under risk, information is reliable, under uncertainty, it is not.

B
Under risk, choices are clear and the chances of different outcomes can be measured; under uncertainty, neither applies.

C
Under risk, there is a well defined problem; under uncertainty, the definition is unclear.

D
Under risk, probabilities can be measured; under uncertainty, probabilities cannot be measured.
Question 2
1 / -0

Which of the following is/are advantage of group decision making?

A
Co-ordination of departmental activities through meetings of their respective heads is not possible.

B
It improves quality of the decision since different view points and opinions are reflected in it.

C
More often differences in opinion and compromises lead to indecision.

D
All of above.
Question 3
1 / -0

____ is a point of 'no profit - no loss'.

A
Standard cost

B
Indifferent point

C
Break - even

D
Margin of safety
Question 4
1 / -0

Strategic planning includes strategic management which implemented the following strategic processes :
I. Environmental scanning
II. Strategy formulation
III. Strategy implementation
IV. Evaluation and control

Select the correct answer from the options given below -

A
II, III

B
III, IV, II, I

C
II, IV, I

D
IV, III, I
Question 5
1 / -0

Formal & systematic business planning must includes:-
(I) Strategic planning
(II) Operational planning
Select the correct answer from the options given below _________.

A
(I) only

B
(II) only

C
Both (I) and (II)

D
Neither (I) nor (II)
Question 6
1 / -0

Zero base Budgeting can be used more meaningfully in those areas where a direct relationship exists between the expenditure on an activity and its benefit to the enterprise.

A
False

B
Partly true

C
True

D
None of above
Question 7
1 / -0

Which of the following is not an example of traditional control devices?

A
Budgetary Control

B
Standard Costing

C
Financial Ratio Analysis

D
Zero Base Budgeting
Question 8
1 / -0

Which of the following is a detailing process in the mission, objectives, strategies and policies?

A
Strategy formulation

B
Strategy implementation

C
Strategy strategy

D
Strategy achievement
Question 9
1 / -0

Strategic plan formulate the effective management concentrates on opportunities and threats in ___________.

A
long range plans

B
short range plans

C
medium range plans

D
capital plans
Question 10
1 / -0

A budget is frequently prepared to combine all other budgets in a summary form is called a ________.

A
sales budget

B
purchase budget

C
cash budget

D
master budget

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Re-Attempt Weekly Quiz Competition

Planning Test - 36

Result

Planning Test - 36

Score

-

Rank

-

SHARING IS CARING

Question 1

Under risk, information is reliable, under uncertainty, it is not.

Under risk, choices are clear and the chances of different outcomes can be measured; under uncertainty, neither applies.

Under risk, there is a well defined problem; under uncertainty, the definition is unclear.

Under risk, probabilities can be measured; under uncertainty, probabilities cannot be measured.

Question 2

Co-ordination of departmental activities through meetings of their respective heads is not possible.

It improves quality of the decision since different view points and opinions are reflected in it.

More often differences in opinion and compromises lead to indecision.

All of above.

Question 3

Standard cost

Indifferent point

Break - even

Margin of safety

Question 4

II, III

III, IV, II, I

II, IV, I

IV, III, I

Question 5

(I) only

(II) only

Both (I) and (II)

Neither (I) nor (II)

Question 6

False

Partly true

True

None of above

Question 7

Budgetary Control

Standard Costing

Financial Ratio Analysis

Zero Base Budgeting

Question 8

Strategy formulation

Strategy implementation

Strategy strategy

Strategy achievement

Question 9

long range plans

short range plans

medium range plans

capital plans

Question 10

sales budget

purchase budget

cash budget

master budget

User

Question Analysis

My Perfomance

Score

-

Rank

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