Planning Test

Result

Planning Test - 45

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Weekly Quiz Competition

Question 1
1 / -0

_____________ is concerned more with how a business competes successfuIly in a particular market and often described as mission statement.

A
Operational strategy

B
Corporate strategy

C
Business unit strategy

D
All of above
Question 2
1 / -0

___________ specifies at different levels of sales, expected profit level.

A
Sales budget

B
Profitability budget

C
Working capital budget

D
Production budget

Question 3

1 / -0

Match the following:

	List I		List II
P.	It specifies expected sales of goods during a period.	1.	Production budget
Q.	It specifics volume of production different budget period.	2.	Material budget
R.	It specifies estimated quantity and cost of material during different volumes of production.	3.	Cash budget
S.	It specifies expected cash in flow and outflow and net liquidity position at different	4.	Working capital budget
		5.	Sales budget

Select the correct answer from the options given below.

P -5, Q - 2, R - 3, S - 4

P -5, Q - 1, R - 2, S - 3

P -3, Q - 2, R - 4, S - 5

P -5, Q - 1, R - 3, S - 2

Question 4
1 / -0

Which of the following executes strategy into everyday executions tactics?

A
Goal setting

B
Technical planning

C
Operational planning

D
None of the above
Question 5
1 / -0

Business plans are only for start-up companies, it is a :

A
Myth

B
Reality

C
Miracle

D
Both (A) and (C)
Question 6
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, Ill

B
Ill, IV, II, I

C
II, IV, I

D
IV, III, I
Question 7
1 / -0

Which of the following is not benefit of budgetary control?

A
It promotes unity of command and conforms to the scalar principle of organization.

B
Maximum efficiency is achieved by avoiding wastage and losses

C
Everyone knows what exactly he has to do.

D
All of the above

Solution

Importance or advantages of budgetary control are:
1. definite planning
2. enhanced efficiency
3. proper communication
4. control
5. co-ordination
6. delegation of authority
7. motivation
8. maximization of profit
9. forecasting credit needs and
10. uniform policy.
11. optimum utilization of resources
Question 8
1 / -0

______________ is the process of conducting programs (activities needed to accomplish a plan), budgets (cost of the programs), and procedures(sequence of steps needed to do the job).

A
Strategy formulation

B
Strategy implementation

C
Both (A) and (B)

D
Neither (A) nor (B)
Question 9
1 / -0

ERP stand for -

A
Enterprise Resource Planning

B
Economic Resource Planning

C
Efficient Resource Planning

D
Economic Resource Processing
Question 10
1 / -0

Which of the following is not a computer-assisted audit techniques?

A
Test data

B
Tagging and lagging

C
Integrated test facility

D
Program analysis

User

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Re-Attempt Weekly Quiz Competition

Planning Test - 45

Result

Planning Test - 45

Score

-

Rank

-

SHARING IS CARING

Question 1

Operational strategy

Corporate strategy

Business unit strategy

All of above

Question 2

Sales budget

Profitability budget

Working capital budget

Production budget

Question 3

P -5, Q - 2, R - 3, S - 4

P -5, Q - 1, R - 2, S - 3

P -3, Q - 2, R - 4, S - 5

P -5, Q - 1, R - 3, S - 2

Question 4

Goal setting

Technical planning

Operational planning

None of the above

Question 5

Myth

Reality

Miracle

Both (A) and (C)

Question 6

II, Ill

Ill, IV, II, I

II, IV, I

IV, III, I

Question 7

It promotes unity of command and conforms to the scalar principle of organization.

Maximum efficiency is achieved by avoiding wastage and losses

Everyone knows what exactly he has to do.

All of the above

Solution

Question 8

Strategy formulation

Strategy implementation

Both (A) and (B)

Neither (A) nor (B)

Question 9

Enterprise Resource Planning

Economic Resource Planning

Efficient Resource Planning

Economic Resource Processing

Question 10

Test data

Tagging and lagging

Integrated test facility

Program analysis

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

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