Planning Quiz-3

Planning Quiz-3

Quiz

 

1. The Chinese company launched vivo and oppo phones in the Indian market with high end features to tap low market segment population of India. it remained successful but later the Indians in order to show patriotism decided to boycott Chinese product. Which step of planning process, china firms could not perform properly while launching their products?
   1.   Setting objectives
   2.   Developing premises
   3.   Follow up action
   4.   Identifying alternative courses of action
2. Which type of plan is a broad statement of what the organization wants to achieve?
   1.   Objective
   2.   Strategy
   3.   Policy
   4.   Procedure
3. Planning is a decision-making process because:
   1.   It involves choosing between alternative courses of action
   2.   It involves making choices about the future
   3.   It involves making choices about the use of resources
   4.   All of the above
4. Which of the following is not a single use plan?
   1.   Budget
   2.   programme
   3.   Method
   4.   All of the above
5. X pharmacy planned to sell 1 crore covid care tablets in a year. The company received good response from the market and sold 1.5 crore tablets in a year. Seeing the progress , the company decided to increase sales target to 2 crore tablets in a year Which major benefit of planning has the company involved?
   1.   Planning provides direction
   2.   Planning facilitates decision making
   3.   Planning reduces the risk of uncertainty
   4.   Planning establishes the standard for controlling
6. Planning can help organizations to:
   1.   Motivate employees
   2.   Create a sense of purpose
   3.   Improve decision-making
   4.   All of the above
7. Planning can help organizations to:
   1.   Motivate employees
   2.   Create a sense of purpose
   3.   Improve decision-making
   4.   All of the above
8. What are general forms of standing plans that specify the organisations response to a certain situation like the basis on which admission are done in an educational institution.
   1.   Rules
   2.   Strategies
   3.   Policies
   4.   Procedures
9. According to world health organisation, 39% of adults are overweight, consequently in the U.K , a sugar tax was introduced in 2018 on veverages containing more than 5% sugar to curb sugar intake. Identify the type of plans being described in the above lines
   1.   Programme
   2.   Method
   3.   Strategy
   4.   Rule
10. Which of the following quality a manager must possess to succeed in planning?
    1.   Reflective Thinking
    2.   Imagination
    3.   Farsightedness
    4.   All of these
11. ASSERTION: The various functions of management are interrelated, however planning provides the basis for all other functions
    REASON: Planning is a continuous function
    1.   Assertion is true and Reason is false
    2.   Assertion is false but Reason is true
    3.   Assertion and Reason are correct and Reason is correct explanation of Assertion
    4.   Assertion and Reason are correct and Reason is not correct explanation of Assertion
12. ASSERTION: Sales forecasting is the basis on which a business firm prepares its annual plan for production and sales
    REASON: Planning is a primary function of management
    1.   Assertion is true and Reason is false
    2.   Assertion is false but Reason is true
    3.   Assertion and Reason are correct and Reason is correct explanation of Assertion
    4.   Assertion and Reason are correct and Reason is not correct explanation
13. ASSERTION: Forecasting is important in developing premises
    REASON: Forecasting is technique of gathering information
    
    1.   Assertion is true and Reason is false
    2.   Assertion is false but Reason is true
    3.   Assertion and Reason are correct and Reason is correct explanation of Assertion
    4.   Assertion and Reason are correct and Reason is not correct explanation of Assertion
14. It helps to save time,money and effort, and increases efficiency
    1.   procedure
    2.   programme
    3.   Rule
    4.   Method
15. Planning is a:
    1.   Function of management
    2.   Tool of management
    3.   Both (a) and (b)
    4.   None of the above
16. It is the plan which quantifies future facts and figures.
    1.   procedure
    2.   Programme
    3.   Rule
    4.   Budget
17. Which type of plan is related to this statement “ we don’t sell on credit”?
    1.   Plan
    2.   Policy
    3.   Rules
    4.   Objective
18. Which type of plan is a combination of objective, policies, procedures, rules etc.?
    1.   Budget
    2.   Programme
    3.   Strategy
    4.   Method
19. Planning is a forward-looking process because:
    1.   It deals with the future
    2.   It is based on forecasts
    3.   It is based on assumptions
    4.   All of the above
20. What may be prepared to show the number of workers required in the factory at peak production times? Select the appropriate word out of the following.
    1.   Objective
    2.   Programme
    3.   Budget
    4.   Policy