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Test: Planning- Assertion-Reason & Case Base Type Questions - Commerce MCQ


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15 Questions MCQ Test - Test: Planning- Assertion-Reason & Case Base Type Questions

Test: Planning- Assertion-Reason & Case Base Type Questions for Commerce 2024 is part of Commerce preparation. The Test: Planning- Assertion-Reason & Case Base Type Questions questions and answers have been prepared according to the Commerce exam syllabus.The Test: Planning- Assertion-Reason & Case Base Type Questions MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Planning- Assertion-Reason & Case Base Type Questions below.
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Test: Planning- Assertion-Reason & Case Base Type Questions - Question 1

Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Planning is a time-saving process. Reason (R): The success of an enterprise is possible only when plans are properly drawn up and implemented.

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 1

Planning is a time-consuming process. Sometimes plans to be drawn up take so much of time that there is not much time left for their implementation.

Test: Planning- Assertion-Reason & Case Base Type Questions - Question 2

Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Planning is pervasive at all levels of management.
Reason (R): Planning is required in all types of organisations and at all levels of management.

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 2

Planning is required at all levels of the management. It is not a function restricted to top level managers only but planning is done by managers at every level. Formation of major plan and framing of overall policies is the task of top level managers whereas departmental managers form plan for their respective departments. And lower level managers make plans to support the overall objectives and to carry on day to day activities.

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Test: Planning- Assertion-Reason & Case Base Type Questions - Question 3

Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Monitoring of plans is very important to ensure that the plans are being implemented according to the schedule.
Reason (R): Regular checks and comparisons of the results with set standards are done to ensure that objectives are achieved.

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 3

To see whether plans are being implemented and activities are performed according to schedule is also part of the planning process. Monitoring the plans is equally important to ensure that objectives are achieved.

Test: Planning- Assertion-Reason & Case Base Type Questions - Question 4

Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Planning is a primary function of management.
Reason (R): Planning is required at all levels of management as well as in all departments of the organisation.

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 4

Planning lays down the base for other functions of management. All other managerial functions are performed within the framework of the plans drawn. Thus, planning precedes other functions.

Test: Planning- Assertion-Reason & Case Base Type Questions - Question 5

Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Planning is futuristic.
Reason (R): Planning is regarded as a forward looking function based on forecasting.

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 5

Planning essentially involves looking ahead and preparing for the future. The purpose of planning is to meet future events effectively to the best advantage of an organisation. It implies peeping into the future, analysing it and predicting it.

Test: Planning- Assertion-Reason & Case Base Type Questions - Question 6

Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Developing Planning Premises is the primary step.
Reason (R): Objectives are end results which the management wants to achieve by its operations.

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 6

Setting Objectives is the primary step in the process of planning which specifies the objective of an organisation, i.e. what an organisation wants to achieve.

Test: Planning- Assertion-Reason & Case Base Type Questions - Question 7

Directions: In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): Planning is concerned with the future which is uncertain.
Reason (R): The manager is required to make certain assumptions about the future.

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 7

Planning is concerned with the future which is uncertain and every planner is using conjecture about what might happen in future. Therefore, the manager is required to make certain assumptions about the future. These assumptions are called premises.

Test: Planning- Assertion-Reason & Case Base Type Questions - Question 8

Read the following text and answer the following questions on the basis of the same:

Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

Q. "The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage." Identify the function of management mentioned here.

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 8
Planning in management is about what steps you need to take to reach the goal, what changes and hurdles to anticipate, and how to utilise human resources and opportunities to reach the expected outcome.
Test: Planning- Assertion-Reason & Case Base Type Questions - Question 9

Read the following text and answer the following questions on the basis of the same:

Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

Q. "The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time." Which is the last step of the process mentioned here?

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 9
To see whether plans are being implemented and activities are performed according to schedule is also part of the planning process. Monitoring the plans is equally important to ensure that objectives are achieved.
Test: Planning- Assertion-Reason & Case Base Type Questions - Question 10

Read the following text and answer the following questions on the basis of the same:

Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

Q. "In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions." What is the objective mentioned here according to the process stated here?

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 10
In the simplest terms, business development can be summarized as the ideas, initiatives, and activities that help make a business better. This includes increasing revenues, growth in terms of business expansion, increasing profitability by building strategic partnerships and making strategic business decisions.
Test: Planning- Assertion-Reason & Case Base Type Questions - Question 11

Read the following text and answer the following questions on the basis of the same:

Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

Q. "In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures." Which limitation of the management process is indicated here?

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 11
Sudden Changes: The employees become accustomed to a set method of doing work and resist the change wherever it is suggested to them. The unwillingness of the employees results in the failure of the new plans. Since planning implies changes, most of the employees resist it as they think that the new plans will not be successful. The employees of the concern think that present plan is better than the proposed plan.
Test: Planning- Assertion-Reason & Case Base Type Questions - Question 12

Read the following text and answer the questions given below:

Sana inherited a 20 acre ancestral land from her grandparents. She decided to venture into agriculture. For this purpose she set out specific goals, objectives and activities. Everything was a challenge because she was not aware about farming. She learnt every activity and in the process thought of assisting other farmers as well. She eventually launched her own company Agricultural Solutions Ltd. She wanted to be sure that the activities effectively met the best interests of the company and the farmers. Hence, she prepared an annual plan for production, sales and marketing through sales forecasting. She also realized that farmers were growing only one or two crops. On account of this; the land remained idle for the rest of the year. Thus, she identified and evaluated different alternatives through which the farms could be utilized throughout the year. She used her foresight and logical and systematic thinking based on analysis of all facts and examined and evaluated all the alternatives. She presented a plan to the farmers union, where after harvesting the primary crop, seasonal vegetables and fruits could be grown.

Q. "Hence, she prepared an annual plan for production, sales and marketing through sales forecasting." Which feature of planning is depicted in the statement?

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 12
Planning essentially involves looking ahead and preparing for the future. The purpose of planning is to meet future events effectively to the best advantage of an organisation. It implies peeping into the future, analysing it and predicting it.
Test: Planning- Assertion-Reason & Case Base Type Questions - Question 13

Read the following text and answer the questions given below:

Sana inherited a 20 acre ancestral land from her grandparents. She decided to venture into agriculture. For this purpose she set out specific goals, objectives and activities. Everything was a challenge because she was not aware about farming. She learnt every activity and in the process thought of assisting other farmers as well. She eventually launched her own company Agricultural Solutions Ltd. She wanted to be sure that the activities effectively met the best interests of the company and the farmers. Hence, she prepared an annual plan for production, sales and marketing through sales forecasting. She also realized that farmers were growing only one or two crops. On account of this; the land remained idle for the rest of the year. Thus, she identified and evaluated different alternatives through which the farms could be utilized throughout the year. She used her foresight and logical and systematic thinking based on analysis of all facts and examined and evaluated all the alternatives. She presented a plan to the farmers union, where after harvesting the primary crop, seasonal vegetables and fruits could be grown.

Q. “She used her foresight and logical and systematic thinking based on analysis of all facts and examined and evaluated all the alternatives.” Which feature of planning is depicted in the statement?

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 13
Planning requires application of the mind involving foresight, intelligent imagination and sound judgement. It is basically an intellectual activity of thinking rather than doing, because planning determines the action to be taken.
Test: Planning- Assertion-Reason & Case Base Type Questions - Question 14

Read the following text and answer the questions given below:

Sana inherited a 20 acre ancestral land from her grandparents. She decided to venture into agriculture. For this purpose she set out specific goals, objectives and activities. Everything was a challenge because she was not aware about farming. She learnt every activity and in the process thought of assisting other farmers as well. She eventually launched her own company Agricultural Solutions Ltd. She wanted to be sure that the activities effectively met the best interests of the company and the farmers. Hence, she prepared an annual plan for production, sales and marketing through sales forecasting. She also realized that farmers were growing only one or two crops. On account of this; the land remained idle for the rest of the year. Thus, she identified and evaluated different alternatives through which the farms could be utilized throughout the year. She used her foresight and logical and systematic thinking based on analysis of all facts and examined and evaluated all the alternatives. She presented a plan to the farmers union, where after harvesting the primary crop, seasonal vegetables and fruits could be grown.

Q. "For this purpose she set out specific goals, objectives and activities." Which feature of planning is depicted in the statement?

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 14
Specific goals are set out in the plans along with the activities to be undertaken to achieve the goals. Thus, planning is purposeful. Planning has no meaning unless it contributes to the achievement of predetermined organisational goals.
Test: Planning- Assertion-Reason & Case Base Type Questions - Question 15

Read the following text and answer the questions given below:

Sana inherited a 20 acre ancestral land from her grandparents. She decided to venture into agriculture. For this purpose she set out specific goals, objectives and activities. Everything was a challenge because she was not aware about farming. She learnt every activity and in the process thought of assisting other farmers as well. She eventually launched her own company Agricultural Solutions Ltd. She wanted to be sure that the activities effectively met the best interests of the company and the farmers. Hence, she prepared an annual plan for production, sales and marketing through sales forecasting. She also realized that farmers were growing only one or two crops. On account of this; the land remained idle for the rest of the year. Thus, she identified and evaluated different alternatives through which the farms could be utilized throughout the year. She used her foresight and logical and systematic thinking based on analysis of all facts and examined and evaluated all the alternatives. She presented a plan to the farmers union, where after harvesting the primary crop, seasonal vegetables and fruits could be grown.

Q. “Thus, she identified and evaluated different alternatives through which the farms could be utilized throughout the year.” Which feature of planning is depicted in the statement?

Detailed Solution for Test: Planning- Assertion-Reason & Case Base Type Questions - Question 15
Planning essentially involves choice from among various alternatives and activities. Planning involves thorough examination and evaluation of each alternative and choosing the most appropriate one.
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