M.C.Q (1 Marks)

MCQ 11 Mark

What is meant by 'follow-up action' as the step involved in the process of planning?

A
Managing the plan.
✓
Checking the plan.
C
Selecting the plan.
D
None of these.

Answer

Correct option: B.

Checking the plan.

In the process of planning, follow-up action means checking whether the activities are performed according to the plan and the schedule or not.

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MCQ 21 Mark

Which function of management bridges the gap between where we are and where we want to go?

✓
Planning.
B
Controlling.
C
Organising.
D
Staffing.

Answer

Correct option: A.

Planning.

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MCQ 31 Mark

Name the type of plan in which the move of competitors is considered:

A
Budget.
B
Rule.
✓
Strategy.
D
Method.

Answer

Correct option: C.

Strategy.

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MCQ 41 Mark

“Planning is a thinking process, the organised foresight, the vision based on facts and experience$, i.e.$ required for intelligent action." This definition of planning is given by.

A
Henry Fayol.
B
$FW$ Taylor.
C
Hurley.
✓
Alfred and Beatty.

Answer

Correct option: D.

Alfred and Beatty.

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MCQ 51 Mark

Name the type of plan, which is in the form of general statements and channelises energies towards a particular direction.

A
Budget.
B
Rule.
✓
Policy.
D
Method.

Answer

Correct option: C.

Policy.

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MCQ 61 Mark

Which of the following are specific statements that inform what is to be done?

A
Programme.
B
Procedure.
✓
Rule.
D
Method.

Answer

Correct option: C.

Rule.

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MCQ 71 Mark

Single use plans are:

✓
formulated to achieve a specific target.
B
Responsible and can be easily fixed.
C
Comes under the standing plan.
D
None of the above.

Answer

Correct option: A.

formulated to achieve a specific target.

Single use plans are the plans which are formulated to achieve a specific targent or for a one-time event. Single use plan is one time plan specifically designed to achieve a particular goal. They are not applicable to recurring situations.

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MCQ 81 Mark

"Planning provides the standards against which actual performance is measured." In the light of this statement, identify the benefit of planning from the following:

✓
Planning establishes standard for controlling.
B
Planning provides direction.
C
Planning is a mental exercise.
D
Planning involves decision$-$making.

Answer

Correct option: A.

Planning establishes standard for controlling.

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MCQ 91 Mark

Plans are made for a specific time period. At the end of such time period, new plans have to be drawn. Identify the feature of planning:

A
Planning is pervasive.
B
Planning is futuristic.
C
Planning involves decision$-$making.
✓
Planning is continuous.

Answer

Correct option: D.

Planning is continuous.

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MCQ 101 Mark

Planning gives direction, reduces the impact of change, minimises waste and redundancy and:

A
Establishes chaos among departments.
B
Sets the basis used for promotion of individuals within the organization.
C
Planning guarantees safeguard from external environment.
✓
Sets the standards used in controlling.

Answer

Correct option: D.

Sets the standards used in controlling.

By stating in advance how work is to be done in future, planning provides direction for action. It clearly defines what the employees have to do, when to do, how to do and for whom to do.

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MCQ 111 Mark

Manav $\ce{Ltd}$ prepares budget in its Annual General Meeting for the year $2016-2017.$ What kind of plan is it?

✓
Single use plan.
B
Standing plan.
C
Objective plan.
D
None of these.

Answer

Correct option: A.

Single use plan.

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MCQ 121 Mark

Which of the following is not an importance of planning?

A
Reduces uncertainty.
B
Promotes creativity.
✓
Reduces creativity.
D
Provides direction.

Answer

Correct option: C.

Reduces creativity.

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MCQ 131 Mark

Planning involves ________ It is essentially the process of choosing among various alternatives.

A
Mental exercise.
✓
Decision-making.
C
Wasteful activities.
D
Both (a) and (c).

Answer

Correct option: B.

Decision-making.

b. Decision-making.

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MCQ 141 Mark

Which of the following is an activity, which requires a manager to look ahead and anticipate changes:

A
Organising.
B
Staffing.
✓
Planning.
D
Controlling.

Answer

Correct option: C.

Planning.

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MCQ 151 Mark

Some plans are used repeatedly in similar situations. Identify the type of plan:

✓
Standing plan.
B
Single use plan.
C
Policy plan.
D
None of these.

Answer

Correct option: A.

Standing plan.

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MCQ 161 Mark

A $.........$ is developed for a one$-$time event, not likely to be repeated in future.

A
Standing plan.
✓
Single use plan.
C
Both $(a)$ and $(b).$
D
Neither $(a)$ nor $(b).$

Answer

Correct option: B.

Single use plan.

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MCQ 171 Mark

A comprehensive plan for accomplishing an organisations' objectives is known as:

A
Policy.
B
Objective.
C
Method.
✓
Strategy.

Answer

Correct option: D.

Strategy.

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MCQ 181 Mark

Which of the following is the primary function of management?

A
Staffing.
B
Direction.
✓
Planning.
D
Controlling.

Answer

Correct option: C.

Planning.

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MCQ 191 Mark

Which plan is defined as the formalised or systematic way of doing routine and repetitive jobs?

A
Objective.
B
Strategy.
✓
Method.
D
None of these.

Answer

Correct option: C.

Method.

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MCQ 201 Mark

The first step in the process of planning is:

A
Follow up action.
✓
Setting objectives.
C
Developing premises.
D
None of these.

Answer

Correct option: B.

Setting objectives.

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MCQ 211 Mark

Which type of plan shows the expected result in numerical terms?

A
Policy.
B
Programme.
✓
Budget.
D
Objectives.

Answer

Correct option: C.

Budget.

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MCQ 221 Mark

Which of the following is not a limitation of planning?

A
Rigidity.
B
Time consuming.
C
Huge costs.
✓
Basis of control.

Answer

Correct option: D.

Basis of control.

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MCQ 231 Mark

"All other managerial functions are performed within the framework of the plans drawn. Thus, it can be said that planning preceeds other functions." This statement describes which function of planning?

A
Planning focuses on achieving objectives.
B
Planning is pervasive.
✓
Primacy of planning.
D
Planning is futuristic.

Answer

Correct option: C.

Primacy of planning.

Planning lays down foundation for all other functions of management. First plans are formulated then action is taken.

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MCQ 241 Mark

Name the most critical step in the process of planning:

A
Implementing the plan.
B
Developing the plan.
✓
Selecting the best possible course of action.
D
None of the above.

Answer

Correct option: C.

Selecting the best possible course of action.

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MCQ 251 Mark

Managers at the operational or supervisory level make plans for:

A
Strategic direction of organization.
B
Departmental working.
✓
Day$-$to$-$day working.
D
None of these.

Answer

Correct option: C.

Day$-$to$-$day working.

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MCQ 261 Mark

Which function of management closely related to planning?

✓
Controlling.
B
Staffing.
C
Directing.
D
Organising.

Answer

Correct option: A.

Controlling.

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MCQ 271 Mark

Which type of plan is a combination of objective, policies, procedures, rules etc.?

A
Budget.
✓
Programme.
C
Strategy.
D
Method.

Answer

Correct option: B.

Programme.

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MCQ 281 Mark

$.........$ provides the prescribed ways in which a task has to be performed considering the objective:

✓
Method.
B
Budget.
C
Procedure.
D
Rule.

Answer

Correct option: A.

Method.

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MCQ 291 Mark

A company wants to introduce a new product. What type of plan should it prepare?

A
Objective.
✓
Strategy.
C
Policy.
D
None of these.

Answer

Correct option: B.

Strategy.

Strategy helps to define the organisation's scope and direction in the long run. Therefore, it is formed on the basis of changes occurring in business environment.

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MCQ 301 Mark

Planning is deciding in advance what is to be done. It involves the selection of objectives, policies, procedures and programmes among alternatives." This definition has been given by:

✓
$ME$ Hurley.
B
Peter Drucker.
C
Henry Fayol.
D
Chester Barnard.

Answer

Correct option: A.

$ME$ Hurley.

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MCQ 311 Mark

Identify the key elements of planning from the following:

A
Determining the objectives.
B
Identifying alternative courses of action.
C
Selecting the best course of action.
✓
All of these.

Answer

Correct option: D.

All of these.

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MCQ 321 Mark

The last step in the process of planning is:

A
Setting objectives.
B
Developing premises.
C
Implementing the plan.
✓
Follow up action.

Answer

Correct option: D.

Follow up action.

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Business Studies M.C.Q (1 Marks)

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