Planning Test

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Planning Test - 39

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Weekly Quiz Competition

Question 1
1 / -0

The term strategy is derived from the Greek word 'Strategos' meaning ________.

A
making plans

B
the art of the general

C
line of attack

D
policy
Question 2
1 / -0

Formal and systematic business planning must include elements like ________.

A
strategic planning

B
operational planning

C
both (a) & (b)

D
none of the above
Question 3
1 / -0

Which of the following is an advantage of budgeting?

A
Budgeting focuses on specific and time bound targets and thus helps in attainment of organizational objectives.

B
Budget helps in optimum utilization of resources by allocating them according to the requirements of different departments.

C
Budgeting is a source of motivation to the employees who know the standards against which their performance will be appraised and thus, enables them to perform better.

D
All the above
Question 4
1 / -0

What problems did we identify are commonly hindering successful planning?

A
Lack of planning expertise, little top management support, Misuse of planning specialists

B
Poor cooperation between managers and planners and too many planners.

C
No structured planning and taking impossible measures to get outcomes

D
Too many assumptions, negative organizational culture; poor interpersonal relationships
Question 5
1 / -0

An approach of setting objectives from top managers downward in the organization is

A
True planning

B
Commitment concept

C
Checking the outcomes of the manager

D
Traditional goal setting
Question 6
1 / -0

Which of the following is not a step in the forecasting process?

A
Determine the use of the forecast

B
Carryout plans with assumptions

C
Determine the time horizon

D
Select a forecasting model(s)
Question 7
1 / -0

______ plans are organization wide, establish overall objectives, and position an organization in terms of its environment.

A
Specific

B
Directional

C
Strategic

D
Operational
Question 8
1 / -0

Which of the following is a part of the definition of organizational planning?

A
Evaluating the organization's outcomes

B
Higher profits

C
Contingency factors

D
Defining goals
Question 9
1 / -0

Planning is

A
Forecasting the future of an enterprise

B
Deciding the course of action

C
Both a&b

D
Making provision for the plan
Question 10
1 / -0

Strategic Planning

A
Addresses the organization's basic mission or business issuing broad statements of purpose or direction that have a long lead time.

B
Involves managers in each unit of an organization who are responsible for achieving the unit's objectives within a specified period of time.

C
Looks specifically at resources, finances, and market condition to determine ways to accomplish the overall plans of the organization

D
Determines the day-to-day operations within an organization

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Planning Test - 39

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Planning Test - 39

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SHARING IS CARING

Question 1

making plans

the art of the general

line of attack

policy

Question 2

strategic planning

operational planning

both (a) & (b)

none of the above

Question 3

Budgeting focuses on specific and time bound targets and thus helps in attainment of organizational objectives.

Budget helps in optimum utilization of resources by allocating them according to the requirements of different departments.

Budgeting is a source of motivation to the employees who know the standards against which their performance will be appraised and thus, enables them to perform better.

All the above

Question 4

Lack of planning expertise, little top management support, Misuse of planning specialists

Poor cooperation between managers and planners and too many planners.

No structured planning and taking impossible measures to get outcomes

Too many assumptions, negative organizational culture; poor interpersonal relationships

Question 5

True planning

Commitment concept

Checking the outcomes of the manager

Traditional goal setting

Question 6

Determine the use of the forecast

Carryout plans with assumptions

Determine the time horizon

Select a forecasting model(s)

Question 7

Specific

Directional

Strategic

Operational

Question 8

Evaluating the organization's outcomes

Higher profits

Contingency factors

Defining goals

Question 9

Forecasting the future of an enterprise

Deciding the course of action

Both a&b

Making provision for the plan

Question 10

Addresses the organization's basic mission or business issuing broad statements of purpose or direction that have a long lead time.

Involves managers in each unit of an organization who are responsible for achieving the unit's objectives within a specified period of time.

Looks specifically at resources, finances, and market condition to determine ways to accomplish the overall plans of the organization

Determines the day-to-day operations within an organization

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Question Analysis

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