Business Studies M.C.Q (1 Marks)

Planning is the

Making assumptions for future is called

The composite plan which involves setting up of long term objective finding course of action and allocation of resources is called

The plan which includes objective, policy, procedure and rule is called

Standardised way in which a task has to be performed is called

The sequence of steps or actions to be taken to enforce a policy and attain pre-determined objectives is called

Organisations own customised way of handling problems or taking decisions is called

End Results towards which all the activities are directed is called

Controlling device from which deviations can be taken care of is

Planning is performed at

Planning is

After implementation of plan

Standing Plan

Single use plan

Planning establish base or standard for

A company is manufacturing garments. The manager wants to increase profits by purchasing new high speed machines or increasing the sale price or using waste materials in manufacturing stuffed toys. He decided that "using waste material" is the best solution for him.Identify the concept of management involved.

Rahim wanted to start with a stationery app. to help students of schools and college to provide stationery to them. He felt that students were not able to get the needed stationery easily and hence wanted to provide the stationery directly to students in the school. He list out the various ways of setting up this business and finally selected the best way to set up this business is by developing an app. Suggest what should be the next step of him:

What are certain assumptions about the future on the basis of which the plan will be ultimately formulated?