MCQ Questions for Class 12 Business Studies: Ch 4 Planning

1. Planning seeks to bridge the gap between ______

(a) Past and present position

(b) Past and Future position

(c) Present and Future position

(d) None of the above

► (c) Present and Future position

2. Training, lectures and seminars are ____________

(a) Rules

(b) Procedure

(c) Strategy

(d) Method

► (d) Method

3. No fine or penalty for violation is charged under____

(a) Rule

(b) Law

(c) Method

(d) None of the above

► (c) Method

4. What is the last step in planning process?

(a) Follow up action

(b) Setting objectives

(c) Developing premises

(d) None of the above

► (a) Follow up action

5. Increasing sale by 15% is _______________

(a) Rule

(b) Procedure

(c) Method

(d) Objective

► (d) Objective

6. Main purpose of Rule is:

(a) To decide that when is to be done

(b) To set the organizational objectives

(c) To Maintain Discipline

(d) To choose the best alternative

► (c) To Maintain Discipline

7. Plans can be implemented after the _______________

(a) Selecting an alternative

(b) Setting objectives

(c) Follow up action

(d) Developing premises

► (a) Selecting an alternative

8. Planning is concerned with ______________

(a) Looking back

(b) Looking old records

(c) Looking new records

(d) Looking forward

► (d) Looking forward

9. Planning helps in reducing the _______________

(a) Direction for action

(b) Decision making

(c) Memory

(d) Risk of uncertainty

► (d) Risk of uncertainty

10. What to do and how to do is concerned with______

(a) Controlling

(b) Organising

(c) Planning

(d) None of the above

► (c) Planning

11. Making decisions on the basis of experience, feelings and accumulated judgement is called as __________.

(a) Decision making

(b) Structured problems

(c) Intuitive decision making

(d) None of the above

► (c) Intuitive decision making

12. Development of a new product is a ___________

(a) Programme

(b) Strategy

(c) Procedure

(d) Policy

► (a) Programme

13. Which of the following is not correct?

(a) Planning is continuous process

(b) Planning focuses on achieving objectives

(c) Planning reduces the profitability

(d) Planning is futuristic

► (c) Planning reduces the profitability

14. Single use plans are designed only ____________

(a) To meet the demand of specific situations

(b) To use two times

(c) To achieve the objectives

(d) For an indefinite period

► (a) To meet the demand of specific situations

15. Which of the following is an assumption of rationality to rational decision making?

(a) Preferences are clear

(b) Final choice will maximise payoff

(c) The problem is clear and unambiguous

(d) All of the above

► (d) All of the above

16. Which of the following is a limitation of planning?

(a) Planning provides directions

(b) Planning facilitates decision making

(c) Planning promotes innovative ideas

(d) Planning does not guarantee success

► (d) Planning does not guarantee success

17. Which one of the following is a limitation of planning?

(a) Planning helps in decision making

(b) Planning leads to rigidity

(c) Planning reduces risk of uncertainty

(d) Planning provides directions

► (b) Planning leads to rigidity

18. Which of this is not mentioned in decision-making matrix?

(a) Analytic

(b) Behavioural

(c) Directive

(d) Performance management

► (d) Performance management

19. Planning leads to rigidity is a

(a) Importance of Planning

(b) Method of Planning

(c) Limitation of planning

(d) Characteristics of planning

► (c) Limitation of planning

20. Planning is a _______________

(a) Useless Function

(b) One time process

(c) Mental Exercise

(d) Obsolete Concept

► (c) Mental Exercise

21. There are two types of plans ____________

(a) Single use plan and Standing plan

(b) Single use and Double use plan

(c) Traditional Plan and Modern Plan

(d) Short term and Medium term plan

► (a) Single use plan and Standing plan

22. Which of the following is not a feature of planning?

(a) Planning is time consuming

(b) Planning is pervasive

(c) Planning is futuristic

(d) To achieve objectives

► (a) Planning is time consuming

23. If a firm has decided to sell its product on cash basis only, it is part of firm?s _________

(a) Procedure

(b) Policy

(c) Method

(d) Objectives

► (b) Policy

24. The first step of planning is _____________

(a) Selecting an alternative

(b) Implementing the plan

(c) Follow up action

(d) Setting objectives

► (d) Setting objectives

25. Estimated cash inflows and cash outflows are _________

(a) Rules

(b) Budget

(c) Procedure

(d) Programme

► (b) Budget