Planning Test

Result

Planning Test - 44

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Weekly Quiz Competition

Question 1
1 / -0

____________ 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.

A
Function

B
Strategy

C
Planning

D
Supply chain
Question 2
1 / -0

Assertion (A): MBO is effective way of planning and organising the work.
Reason (R): Employees participate in setting the objectives.

A
Both A and R are true and R is the correct explanation of A.

B
Both A and R are true but. R is not the correct explanation of A.

C
A is true but R is false.

D
A is false but R is true.
Question 3
1 / -0

_________ as a general statement of understanding lays down the limits within which decisions are to be made and assures consistent and unified performance.

A
Procedures

B
Policy

C
Performance

D
Programme

Solution

Policy is a general statement of understanding that lays down the limits within which decisions are to be made and assure consistent and unified performance. Policies of an organisation are clear, simple statements of how the organisation tends to conduct its business. They provide set of guiding principles to help the management in decision making.
Question 4
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 5
1 / -0

Identify which of the following statement is correct ($$\checkmark$$) and which is incorrect (x)?
(a) Planning is part of decision-making.
(b) Business process is also called business function.
(c) Planning is a fundamental function of management and all other functions of management are greatly influenced by planning process.
(d) Selling is a narrow concept as compared to marketing.
Select & correct answer from the options given below.

A
a - $$\checkmark$$, b - $$\checkmark$$, c - $$\checkmark$$, d - $$\checkmark$$

B
a - X, b - $$\checkmark$$, c - X, d - $$\checkmark$$

C
a - $$\checkmark$$, b - X, c - $$\checkmark$$, d - $$\checkmark$$

D
a - $$\checkmark$$, b - $$\checkmark$$, c - $$\checkmark$$, d - X
Question 6
1 / -0

Which of the following specifies estimated expenditure to carry out research and development?

A
R & D budget

B
Profitability budget

C
Working capital budget

D
Production budget
Question 7
1 / -0

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 &options given below.

A
(1) & (3) only

B
(1), (2) & (3)

C
(2) & (3) only

D
(1) & (2) only
Question 8
1 / -0

Operational strategy focuses on issues of ____________

A
Resources

B
Processes

C
People

D
All of above
Question 9
1 / -0

Planning is the __________ of management.

A
Secondary function

B
Primary function

C
Either (A) or (B)

D
Neither (A) nor (C)
Question 10
1 / -0

Which of the following is concerned with how each part of the business is organized to deliver the corporate and business-unit level strategic direction and is concerned with strategic decisions about choice of products, meeting needs of customers etc?

A
Operational strategy

B
Corporate strategy

C
Business unit strategy

D
All of above

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Re-Attempt Weekly Quiz Competition

Planning Test - 44

Result

Planning Test - 44

Score

-

Rank

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SHARING IS CARING

Question 1

Function

Strategy

Planning

Supply chain

Question 2

Both A and R are true and R is the correct explanation of A.

Both A and R are true but. R is not the correct explanation of A.

A is true but R is false.

A is false but R is true.

Question 3

Procedures

Policy

Performance

Programme

Solution

Question 4

Planning

Decision making

Controlling

Organizing

Question 5

a - $$\checkmark$$, b - $$\checkmark$$, c - $$\checkmark$$, d - $$\checkmark$$

a - X, b - $$\checkmark$$, c - X, d - $$\checkmark$$

a - $$\checkmark$$, b - X, c - $$\checkmark$$, d - $$\checkmark$$

a - $$\checkmark$$, b - $$\checkmark$$, c - $$\checkmark$$, d - X

Question 6

R & D budget

Profitability budget

Working capital budget

Production budget

Question 7

(1) & (3) only

(1), (2) & (3)

(2) & (3) only

(1) & (2) only

Question 8

Resources

Processes

People

All of above

Question 9

Secondary function

Primary function

Either (A) or (B)

Neither (A) nor (C)

Question 10

Operational strategy

Corporate strategy

Business unit strategy

All of above

User

Question Analysis

My Perfomance

Score

-

Rank

-

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