Test: Business Organizations- 3 - CA Foundation MCQ

applicable in non-recurring situation,  

deals with recurring situations,  

budgets,

strategic 

budgets,  

goals & policies,  

rules,  

None of the above. 

proper environment,  

planning premises,  

wrong information,

feasibility.

Operational, intermediate and strategic

Headquarters, divisional and local

Top, middle and bottom

None of the above 

Designing a sound business portfolio.

Checking to see if an advertising spot had been run in its allotted time slot.

Setting supporting objectives.

Defining a clear company mission. 

An integrated process in which plans are formulated, carried out and controlled.

The core activity of planners and planning departments.

Setting an organisation's objectives and the means of reaching them. 

Devising ways of achieving the objectives of an organisation. 

Planned target of performance  

Steps of handling future activities

Systematic action and allocation of resources  

Statement of expected results expressed in numerical terms  

Makes way for orderly activities  

Provides a basic for control in an organization

Reduces risk of uncertainty

 All of the above. 

Sole proprietorship

Company

Partnership

None of the above

Directional  

Flexible  

Specific

Standing. 

Life cycle analogy

Moving average methods

Judgmental methods

Delphi method 

When a firm is planning moderate changes on product innovations

When a firm is market testing one of its new offerings

when a firm is working with stable technology, planning moderate changes on product innovations or market testing one of its new offerings.

when a firm is planning moderate changes on product innovations and market testing one of its new offerings. 

Moving average methods

Exponential smoothing

Causal models

Judgmental methods 

Delphi method

Market research

Delphi method and judgmental method

Market research and judgmental method 

delphi  

Panel of experts  

(a) and (c)  

(a) and (b) 

become more accurate with longer time horizons

are rarely perfect 

are more accurate for individual items than for groups of items

all of the above 

production planning

inventory budgets

research and development plans

job assignments 

short-range, medium-range, and long-range

finance/accounting, marketing, and operations

strategic, tactical, and operational

exponential smoothing, regression, and time series 

long-range forecast

medium-range forecast

short-range forecast

weather forecast 

planning,  

delegation of authority,  

training,

selection 

common purpose,  

corruption,  

authority structure,

All of the above.

individual relationships,  

plans,  

simplicity in the organization,

environment.

delegation of authority,  

existence for a purpose,  

formal organization,

none of the above.

principle of balance,  

span of management,  

organization process,

planning and forecasting. 

identification and classification of required activities,  

informal organization,  

establishing enterprise objectives,

authority relationships.  

complexity, 

formalization,  

centralization,

motivation. 

an individual,  

position,  

relationship,

control 

a continuous process,  

unfolding talents,  

granting the right to command. 

None of these

parity of authority and responsibility,  

flow of command from subordinate to superior,  

flow of command from superior to subordinate,

parity in controlling.

hampers coordination  

size of the organization,  

establish proper controls,

establish sources of powers.