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Planning Test - 49

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Planning Test - 49
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Examination of alternative courses of action is an activity which falls under
  • Question 2
    1 / -0
    In industrial production skills of ancient Indian in which of the following have attracted world-wide celebrity?
  • Question 3
    1 / -0
    Budgetary control requires the preparation of ________________.
    Solution
    Budgetary control is the process of determining various actual results with budgeted figures for the enterprise for the future period and standards set then comparing the budgeted figures with the actual performance for calculating variances, if any. First of all, budgets are prepared and then actual results are recorded.

    The comparison of budgeted and actual figures will enable the management to find out discrepancies and take remedial measures at a proper time. The budgetary control is a continuous process which helps in planning and co-ordination. It provides a method of control too. A budget is a means and budgetary control is the end-result.
  • Question 4
    1 / -0
    A skillful method of providing means mechanism and structural elements to. streamline organizational work is known as_______.
  • Question 5
    1 / -0
    Study the following statements and mark your answer according to the answer code given below-
    I. Planning is the first function of management.
    II. Planning provides a basis for organisation.
    Ill. Planning does not involve decision-making.
    IV. Planning is
  • Question 6
    1 / -0
    Strategy is used in _____________.
  • Question 7
    1 / -0
    The short-term financial plans are known as
    Solution
    Financial planning includes both short-term as well as long-term planning. Short-term planning covers short-term financial plan called budget. Budgets are example of financial planning exercise in greater details. They include detailed plan of action for a period of one year or less.
  • Question 8
    1 / -0
    William F. G has identified which of the following strategies?
    Solution
    If organisation has different businesses and each business operates in a different environment then for each unit different strategy is required. Strategy for each unit can be termed as Sub strategy of corporate strategy. 
  • Question 9
    1 / -0
    To develop its market segments, Dabur planned to produce 20000 bottles of Roohafza every day.
    This approach of setting budget is _______.
  • Question 10
    1 / -0
    An appropriate strategy to achieve expectations of investors is  ________.
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