which of the following is not a content of business plan mcq

• OnlineExamMaker
• Candidate Management System
• Question Bank Software
• Online Proctoring Software
• AI Question Generator
• Quiz Certification Creator
• Online Survey Maker
• Online Exam Tools
• ELearning Resources
• Learning Management
• Questions & Answers
• Create a Quiz

20 Business Plan Quiz Questions and Answers

A business plan is a comprehensive document that outlines the goals, strategies, and financial projections of a business venture. It serves as a roadmap for entrepreneurs and stakeholders to understand the direction and viability of the business. Here’s an overview of the key components typically included in a business plan:

Executive Summary: This section provides a concise overview of the entire business plan. It highlights the company’s mission, vision, key objectives, and a summary of the proposed business model.

Company Description: Here, you’ll provide a detailed explanation of your business concept. Include the type of business, its legal structure, location, target market, and any unique selling propositions that set your business apart.

Market Analysis: Conduct thorough market research to understand your industry, target market, and competitors. Identify trends, potential opportunities, and challenges. Explain how your product or service will meet the needs of your target audience better than existing solutions.

Organization and Management: Describe the organizational structure of your business, including key team members, their roles, and relevant experience. Investors want to know that you have a capable team driving the venture.

Article overview

Part 1: 30 business plan quiz questions & answers.

1. Question: What is the primary purpose of a business plan? a) Secure funding b) Improve employee morale c) Enhance customer service d) Increase market competition Answer: a) Secure funding

2. Question: Which section of a business plan outlines the company’s mission and vision? a) Marketing strategy b) Financial projections c) Executive summary d) Company overview Answer: d) Company overview

3. Question: Which of the following is NOT a common business plan component? a) Competitive analysis b) SWOT analysis c) Cash flow statement d) Social media strategy Answer: d) Social media strategy

4. Question: What is the purpose of conducting a market analysis in a business plan? a) Determine the company’s competitors b) Develop financial projections c) Define the company’s mission d) Set employee goals Answer: a) Determine the company’s competitors

5. Question: Which section of a business plan highlights the company’s unique selling proposition (USP)? a) Marketing strategy b) Company description c) Competitive analysis d) Financial projections Answer: a) Marketing strategy

6. Question: What financial document shows a company’s revenues and expenses over a specific period? a) Balance sheet b) Cash flow statement c) Income statement d) Profit and loss statement Answer: c) Income statement

7. Question: In a business plan, what does ROI stand for? a) Return on Investment b) Revenue on Investment c) Risk of Inflation d) Rate of Interest Answer: a) Return on Investment

8. Question: Which business plan section outlines the marketing tactics to promote a product or service? a) Financial projections b) Market analysis c) Marketing strategy d) Company overview Answer: c) Marketing strategy

9. Question: What is a break-even analysis used for in a business plan? a) Identifying potential customers b) Calculating potential profits c) Determining the point of profitability d) Analyzing competitor strategies Answer: c) Determining the point of profitability

10. Question: In a business plan, what does the term “SWOT” stand for? a) Strengths, Weaknesses, Opportunities, Threats b) Sales, Workforce, Objectives, Technology c) Strategies, Workflow, Operations, Targets d) Success, Wealth, Objectives, Tactics Answer: a) Strengths, Weaknesses, Opportunities, Threats

11. Question: What is the purpose of an executive summary in a business plan? a) Provide an overview of the company’s history b) Detail the company’s long-term objectives c) Summarize the key points of the entire plan d) Highlight the company’s competitive advantages Answer: c) Summarize the key points of the entire plan

12. Question: Which financing option involves giving up ownership shares of a company in exchange for capital? a) Debt financing b) Equity financing c) Venture capital d) Angel investing Answer: b) Equity financing

13. Question: What does the term “KPI” mean in a business context? a) Key Performance Indicator b) Key Profit Increment c) Key Planning and Implementation d) Key Personnel Improvement Answer: a) Key Performance Indicator

14. Question: What section of a business plan should discuss the company’s organizational structure and management team? a) Market analysis b) Financial projections c) Company overview d) Marketing strategy Answer: c) Company overview

15. Question: What type of business plan primarily targets internal decision-making and planning? a) Startup business plan b) Strategic business plan c) Operational business plan d) Feasibility business plan Answer: c) Operational business plan

Part 2: Download business plan questions & answers for free

Download questions & answers for free

16. Question: What external factor analysis tool helps identify the political, economic, social, and technological influences on a business? a) PEST analysis b) SWOT analysis c) BCG matrix d) Porter’s Five Forces Answer: a) PEST analysis

17. Question: Which statement best describes a vision statement in a business plan? a) Outlines the short-term goals of the company b) Identifies potential risks and challenges c) Describes the company’s future aspirations d) Analyzes the company’s target market Answer: c) Describes the company’s future aspirations

18. Question: What is the purpose of conducting a competitive analysis in a business plan? a) Identify potential partners b) Analyze customer feedback c) Evaluate strengths and weaknesses of competitors d) Forecast financial performance Answer: c) Evaluate strengths and weaknesses of competitors

19. Question: Which financing option involves borrowing money that must be repaid with interest over time? a) Debt financing b) Equity financing c) Venture capital d) Angel investing Answer: a) Debt financing

20. Question: What does the term “ROI” stand for in the context of financial analysis? a) Revenue on Investment b) Return on Innovation c) Risk of Inflation d) Return on Investment Answer: d) Return on Investment

Part 3: Free online quiz creator – OnlineExamMaker

OnlineExamMaker’s secure, powerful web-based quiz maker is an easy-to-use, intelligent online testing software tool for business, training & educational to create exams & quizzes with ease. With its user friendly interface and extensive range of features, OnlineExamMaker simplifies the process of creation and distributing online quizzes to engage learners, improve knowledge retention, and assess performance.

Create Your Next Quiz/Exam with OnlineExamMaker

Related Posts

Flowers are not just beautiful to look at, they are also full of interesting facts…

Pizza is one of the most popular foods in the world, loved by people of…

Athletics is a collection of sporting events that involve running, jumping, and throwing. It is…

Share this post:

Business Plan Quiz Questions And Answers

Take our Business Plan Quiz to measure your knowledge and skills in developing a comprehensive plan that could impress investors and guide your startup to success. This quiz is designed for entrepreneurs, business students, and anyone interested in learning more about business strategy. Our quiz covers all the essential elements of a business plan, including market analysis, operational planning, financial forecasting, and strategic objectives. Each question will challenge you to think critically about the various components that are crucial for a business plan's success, providing a practical understanding of what it takes to compile a viable and effective document. Whether Read more you're preparing to launch your own business, studying business management, or simply curious about the planning process, this quiz will provide valuable insights and help reinforce your understanding of effective business planning. Test your knowledge today with our Business Plan Quiz and take a step closer to realizing your entrepreneurial ambitions!

Business Plan Questions and Answers

What is the component of business plan.

Marketing Strategy

Sales Strategy

Executive Summary

All of the above

Rate this question:

The stockholder may read only the executive summary of a business plan to decide about the investment in that business. State true or false. 

___________ in a business plan shows the estimated profit and expenses of the venture..

Financial plan

Revenue model

Accounts payable

None of the above

What is a component(s) of a business plan? (You can choose more than one choice)

Financial Plan

Safety Plan

Operation Plan

Which of these business components help in understanding how the business's plans to expand in the future?

Growth strategy

Competitor's analysis

Company description

Revenue plan

Which of the following is NOT a component of the Business Plan? 

Company Description

Competitive Analysis

Marketing Plan

Name the strategy which helps in understanding competitors' marketing strategy. 

Marketing analysis

Growth plan

Which of these business statements provides an   explanation of the organization's reason for existence? 

Executive summary

Objective Statement

Mission Statement

The role of a business plan is to identify potential customers within the target market. The process of dividing up the target market is called ____________. 

Market segmentation

Industry Analysis

Marketing plan 

Market analysis

In general, how many types of business plans are there? 

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

• Current Version
• Jul 22, 2024 Quiz Edited by ProProfs Editorial Team
• Apr 10, 2015 Quiz Created by Thaiteam2015

Related Topics

• Agriculture

Featured Quizzes

Popular Topics

• Advertising Quizzes
• Brand Quizzes
• Business Accounting Quizzes
• Business Analyst Quizzes
• Business Development Quizzes
• Business Environment Quizzes
• Business Etiquette Quizzes
• Business Finance Quizzes
• Business Math Quizzes
• Business Organization Quizzes
• Business Process Quizzes
• Business Study Quizzes
• Business Technology Quizzes
• CEO Quizzes
• Collaboration Quizzes
• Company Quizzes
• Construction Quizzes
• Consumer Quizzes
• CSR Quizzes
• Customer Quizzes
• Customer Service Quizzes
• Development Quizzes
• Ecommerce Quizzes
• Employment Quizzes
• Entrepreneurship Quizzes
• Finance Quizzes
• Hospitality Quizzes
• Human Resources Quizzes
• Industry Quizzes
• International Business Quizzes
• Introduction To Business Quizzes
• Investment Quizzes
• Logistics Quizzes
• Management Quizzes
• Manufacturing Quizzes
• Marketing Quizzes
• Material Quizzes
• Media Quizzes
• Office Quizzes
• Organization Quizzes
• Principles Of Business Quizzes
• Printing Quizzes
• Product Quizzes
• Publishing Quizzes
• Real Estate Quizzes
• Retail Quizzes
• Sales Quizzes
• SAP Business One Quizzes
• Small Business Quizzes
• Source Quizzes
• Supply Quizzes
• Survey Quizzes
• Telecommunication Quizzes
• Trade Quizzes
• Training Quizzes
• Transportation Quizzes
• Warehouse Quizzes
• Welding Quizzes

Related Quizzes

Wait! Here's an interesting quiz for you.

Entrepreneurship Management

181. A key aspect of the financial section of the business plan is ______________.

• A statement of management skills.
• A realistic sales forecast.
• Production capacity.
• A description of competitors.

182. Underestimation of project cost leads to ______________.

• Time under run.
• Cost under run
• Time over run.
• Cost over run

183. Which of the following is not an aspect of appraisal of term loans by commercial banks?

• Financial feasibility.
• Technical feasibility.
• Economic feasibility.
• Societal feasibility.

184. DIC is headed by General Manager in the rank of ______________.

• Joint Director of industries.
• Assistant Director of industries.
• Non-departmental officer.
• Departmental officer.

185. Which of the following leads to over-capitalization?

• acquiring fixed assets on excessive amounts.
• under-estimation of initial rate of earnings.
• using lower-rate of capitalization.
• under estimation of required funds.

186. Investment in which of the following is most risky?

• Equity shares.
• Preference shares.
• Debentures.

187. A Company is called an artificial person because ______________.

• it does not have the shape of a natural person.
• it cannot be used in the court of law.
• it is invisible and intangible.
• it exists only in contemplation of law.

188. ______________, which is included in the project cost, is estimated on the basis of the year when the enterprise breaks even.

• working capital
• cost of capital
• cost of production
• cost of equity

189. Business means ______________.

• industry and commerce.
• trade and commerce.
• selling and buying of goods.

190. Large investment is made in fixed assets, the project will be termed as ______________.

• Capital Intensive.
• Labour Intensive.
• Product Intensive.
• Market Intensive.

Search MBA MCQ.com

NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12

Business Studies MCQs for Class 12 with Answers Chapter 4 Planning

December 23, 2019 by Veerendra

Free PDF Download of CBSE Business Studies Multiple Choice Questions for Class 12 with Answers Chapter 4 Planning. Business Studies MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 12 Business Studies Planning MCQs Pdf with Answers to know their preparation level.

Planning Class 12 Business Studies MCQs Pdf

1. Name the function of management which involves setting objectives and developing appropriate courses of action to achieve these objectives. (a) Directing (b) Organising (c) Planning (d) Staffing

2. Which of the following is not a benefit of planning? (a) Planning reduces overlapping and wasteful activities. (b) Planning is a mental exercise. (c) Planning provides directions. (d) Planning reduces the risks of uncertainty.

Answer: b Explanation: (b) Planning is a mental exercise (it is a feature of planning)

3. Which of the following is a benefit of planning? (a) Helps in avoiding confusion and misunderstanding. (b) Ensures clarity in thought and action. (c) Useless and redundant activities are minimised or eliminated. (d) All of the above.

4. Which of the following statements is not true with reference to planning? (a) Planning is a pre-requisite for controlling. (b) Planning does not lead to rigidity. (c) Planning enables a manager to look ahead and anticipate changes. (d) Planning facilitates co-ordination among departments and individuals in the organisation.

Answer: b Explanation: (b) Planning does lead to rigidity.

5. What is known as the primary function of management? (a) Controlling (b) Organising (c) Planning (d) Staffing

Answer: c Explanation: (c) Planning lays down the foundation for all other functions.

6. Which of the following is not a feature of planning? (a) Planning is futuristic. (b) Planning is pervasive. (c) Planning establishes standards for controlling. (d) Planning focuses on achieving objectives.

Answer: c Explanation: (c) it is a point of importance; Planning establishes standards for controlling.

7. All other managerial functions are performed within the framework of the plans drawn. Identify the related feature of planning. (a) Planning focuses on achieving objectives. (b) Planning is pervasive. (c) Planning is futuristic. (d) Planning is primary function of management.

Answer: d Explanation: (d) Planning is the basis for all other functions of management.

8. Planning requires logical and systematic thinking rather than guess work or wishful thinking. Identify the related feature of planning. (a) Planning is futuristic. (b) Planning is a mental exercise. (c) Planning establishes standards for controlling. (d) Planning focuses on achieving objectives.

Answer: b Explanation: (b) Planning is basically an intellectual activity of rational thinking.

9. Planning cannot foresee everything, and thus, there may be obstacles to effective planning. Identify the related limitation of planning. (a) Planning leads to rigidity. (b) Planning may not work in a dynamic environment. (c) Planning does not guarantee success. (d) Planning reduces creativity.

Answer: b Explanation: (b) in business environment, nothing is constant as it consists of a number of dimensions: economic, political, physical, legal and social dimensions.

10. It is not always true that just because a plan has worked before it will work again. Identify the related limitation of planning. (a) Planning leads to rigidity. (b) Planning reduces creativity. (c) Planning may not work in a dynamic environment. (d) Planning does not guarantee success.

Answer: d Explanation: (d) there are so many other unknown factors to be considered.

11. Identify the correct sequence of steps involved in the planning process. (a) Evaluating alternative courses, Identifying alternative course of actions, Setting objectives, Developing premises (b) Setting objectives, Identifying alternative course of actions, Evaluating alternative courses, Developing premises (c) Setting objectives, Developing premises, Identifying alternative course of actions, Evaluating alternative courses (d) Setting objectives, Developing premises, Identifying alternative course of actions, Evaluating alternative courses

12. They represent the end point of planning. (a) Rules (b) Methods (c) Objectives (d) Policies

Answer: c Explanation: (c) All other managerial activities are also directed towards achieving these objectives.

13. A strategy is derived from (a) Policy (b) Objective (c) Method (d) Rule

Answer: b Explanation: (b) a strategy is a comprehensive plan devised for attaining organisational objectives.

14. A strategy is a comprehensive plan which will not include this dimension (a) Determining long term objectives (b) Adopting a particular course of action (c) The ends which the management seeks to achieve by its operations (d) Allocating resources necessary to achieve the objective

Answer: c Explanation: (c) The ends which the management seeks to achieve by its operations – objective

15. They provide a basis for interpreting strategy, which is usually stated in general terms. (a) Policies (b) Procedures (c) Objectives (d) Programmes

Answer: a Explanation: (a) Policies act as a guide to managerial action and decisions in the implementation . of strategy.

16. They detail the exact manner in which any work is to be performed. (a) Rules (b) Methods (c) Procedures (d) Programmes

Answer: c Explanation: (c) procedures are specified in a chronological order

17. It helps to save time, money and effort, and increases efficiency. (a) Procedure (b) Programme (c) Rule (d) Method

18. It is a plan which quantifies future facts and figures. (a) Procedure (b) Programme (c) Rule (d) Budget

Answer: d Explanation: (d) Budget is a numerical plan

19. Which of the following is not a standing plan? (a) Policy (b) Procedure (c) Programme (d) Rule

Answer: c Explanation: (c) Programmes are specific and can be implemented only one time.

20. Which of the following is not a single use plan? (a) Budget (b) Programme (c) Method (d) All of the above

Answer: c Explanation: (c) Methods can be used repetitively to perform routine jobs.

21. Micromax was India’s largest seller of mobile handsets. It launched low-cost Chinese manufacturing with some smart packaging and features like long-lasting batteries and dual-sim functionality to garner 20% market share in India’s value-conscious mobile handset market. Identify the two types of plans being described in the above lines. (a) Strategy and objective (b) Rule and Programme (c) Programme and objective (d) Method and objective

Answer: a Explanation: (a) Strategy and objective

22. According to a survey, these days the young children have more power in purchasing decisions than ever before. The parents seek their kids’ opinions about all kinds of once-adult decisions, including where to go for dinner, what kind of car to buy, even what to wear,”. Therefore, the retailers are adapting to this by enhancing their kids’ sections. If the children want to shop in the store for their clothes, then there’s a greater chance the parent will also see something they want to buy as well. Identify the type of plan being described in the above lines. (a) Programme b) Method (c) Strategy (d) Rule

23. According to a survey of 250 consumer packaged goods (CPG) companies by a reputed firm, 75% of brand owners say they’re going to spend significantly more on packaging as it is critical to their brand’s success. Identify the type of plan being described in the above lines. (a) Rule (b) Programme (c) Strategy (d) Method

24. According to the World Health Organization, 39% of adults are overweight. Consequently in the U.K., a sugar tax was introduced in 2018 on beverages containing more than 5% sugar to curb sugar intake. Identify the type of plan being described in the above lines. (a) Programme (b) Method (c) Strategy (d) Rule

25. According to the Economic Survey, insights from behavioural economics can be strategically utilised to create an aspirational agenda for social change – from BBBP (Beti Bachao Beti Padhao) to BADLAVL (Beti Aapki Dhan Lakshmi Aur Vijay Lakshmi); from Swachh Bharat to Sundar Bharat; from ‘Give It Up’ for the LPG subsidy to ‘Think about the Subsidy’ and from tax evasion to tax compliance. Identify the type of plan being described in the above lines. (a) Programme (b) Method (c) Strategy (d) Rule

26. Shubham wants to increase the sale of his business by 15% in the next quarter. Identify the type of plan being described in the above lines. (a) Method (b) Objective (c) Strategy (d) Programme

27. Packaging is said to have the unique capacity to make products stand out in a crowded marketplace. Therefore, convenience of the consumer is at the top of mind of the marketers as they are focussing on developing packaging that’s easier to open, to protect against breakage, maintain freshness during delivery and keep a consistent look and feel across multiple channels. Identify the type of plan being described in the above lines. (a) Programme (b) Method (c) Strategy (d) Rule

28. Based on National Common Mobility Card standards, India’s first indigenously developed inter-operable transport card was launched in March 2019 to make travel across various modes convenient. Identify the type of plan being described in the above lines. (a) Strategy (b) Programme (c) Method (d) Rule

29. India is world’s third largest domestic aviation market. The government plans to make India a hub for financing aircraft purchases and leasing of planes. In order to promote this, the government has announced tax incentives, like tax deductions, for companies setting up business in IFSC for fifteen years. Identify the type of plan being described in the above lines. (a) Method (b) Strategy (c) Programme (d) Rule

30. The government has been doubling down on its efforts to switch to 100% electric vehicles by 2030. Many companies such as Tata Motors, Kinetic Motors, Maruti Suzuki and Hyundai Motors are all readying their EV models for a 2020 launch in order to support the plan. Identify the type of plan being described in the above lines. (a) Method (b) Strategy (c) Programme (d) Objective

31. In order to encourage technologies like artificial intelligence (AI), the internet of things (iot) and virtual reality (VR), the government is planning to launch a scheme to invite foreign companies through a transparent bidding process, to set up plants for manufacturing semi-conductors, solar photo voltaic cells, lithium cell batteries, solar electric charging vehicles, computer servers, and laptops in India. Identify the type of plan being described in the above lines. (a) Method (b) Strategy (c) Programme (d) Objective

32. Ketan Enterprises adopts different ways to provide training to employees, like Job . Rotation, Coaching, Vestibule Training, Conference, Lecture Method and Role Playing. Identify the type of plan being described in the above lines. (a) Method (b) Strategy (c) Programme (d) Procedure

33. Swatch Ltd. plans to earn a 20% return on its investment in a new project. Identify the type of plan being described in the above lines. (a) Method (b) Strategy (c) Programme (d) Objective

34. Deepak is striving to earn a profit of 30% in the current financial year. Identify the type of plan being described in the above lines. (a) Method (b) Objective (c) Strategy (d) Programme

35. Name the type of budget which is prepared to determine the net cash position. (a) Purchase budget (b) Sales budget (c) Cash budget (d) Production budget

36. In 2019 alone, Swiggy has launched operations in 300 towns and cities. Swiggy follows a two-step sequence while expanding to a small town. First, it provides more laborious training to restaurants and delivery partners compared to their counterparts in the city. Second, it focuses on building scale in operations and increase the restaurant’s reach to a larger base of consumers, including optimizing kitchens, resource planning among others. Identify the type of plan being described in the above lines. (a) Method (b) Strategy (c) Programme (d) Procedure

We hope the given Business Studies MCQs for Class 12 with Answers Chapter 4 Planning will help you. If you have any query regarding CBSE Class 12 Business Studies Planning MCQs Pdf, drop a comment below and we will get back to you at the earliest.

Free Resources

NCERT Solutions

Quick Resources

Business Plan MCQ

Products that are returned make up what is called the __________..

Note: This Question is unanswered, help us to find answer for this one

Production creates _______ utility.

Product design and process selection are examples of _______ decisions., process choice is _________ driven., what financial information is in a balance sheet, what is the purpose of a business plan, an investor can determine ______ from the profit-and-loss statement., a(n) ______ is a two-sentence summary that explains your business quickly., what makes a business pitch compelling, what critical information does the break-even analysis provide, who is the executive summary directed towards, a business model identifies ______., what impression does an investor get from a business plan that is overly optimistic, an investor can determine ______ from the cash flow statement., which statement best describes why entrepreneurs conduct a feasibility analysis, what statement best describes the lean start-up approach to starting a business, when an investor reviews a management team, what are they typically looking for, what is the purpose of the business model canvas, in the business model canvas, a value proposition identifies ______., sources and uses of funds is a _____ used by start-up businesses that shows where capital comes from and what it will be used for., profit-and-loss statement is a financial document that shows , _____ is a financial document that shows sales revenues, expenses, and net profit or loss., feasibility study is a tool for assessing parts of the business plan and determining if the idea will work., executive summary is a condensed abstract of a business plan used to , _____ is a financial document that shows the amount of money a business has on hand at the beginning of a time period., cash flow statement is a financial document that shows :, business plan is a document describing a business that is used to test the feasibility of a business idea _____ as a road map for future operations., business plan is a document describing a business that is used to test the _____ of a business idea, to raise capital, and to serve as a road map for future operations., balance sheet is a financial document that shows the _____ for a business..

Have an account?

Suggestions for you See more

Sectors of Economy

Cash flow forecast, quality management, marketing mix, market segmentation & market research, 9th -  11th  , french animals, 26.6k plays, zero and first conditionals, professional development  .

Business planning mcq

15 questions

Introducing new   Paper mode

No student devices needed.   Know more

Which of the following is an advantage to a new business start-up of producing a business

It will guarantee survival

It will help test financial viability

It will ensure sales targets are met

It will not need to be referred to again by the business owner

In which section of the business plan would you expect to find details about market size

and market research?

Objectives and key targets

Cash flow forecast

Market overview

Forecast revenue, costs and profit

Which of the following best describes a business plan? A written document that describes:

The business, its objectives, strategies, financial forecasts and market

The marketing plan of the business

The objectives and key targets of the business

How the business will produce its products

Which of the following is the formula for total costs?

Total costs minus total variable costs

Total fixed costs plus total variable costs

Total costs plus total variable costs

Total fixed costs minus total variable costs 5

Which of the following is a drawback of business planning?

Reduces risk by providing a guide for the business

The plan will need to be constantly updated

It will help to secure any finance required

Allows the business to review its progress

Which of the following best defines the term variable cost? A cost which:

Stays the same regardless of output

Changes according to output

Changes with time

Changes according to revenue

An existing business may use a business plan to:

Focus on the business idea before start-up

Present to shareholders at the AGM

Secure external finance for business expansion

To share with employees in the business 5

A business makes a profit when:

Total revenue is greater than total costs

Total revenue is less than total fixed costs

Total revenue is greater than total variable costs

Total revenue is less than total costs

Which of the following is a functional area of a business?

Outsourcing

Selling price x quantity is the formula for which of the following?

Total costs

Variable costs

A business sells 12,000 units per year. Fixed costs per year are £50,000 and variable costs

are £2.50 per unit. The business’s total costs are:

Which of the following is a major problem that an entrepreneur might encounter when

writing a business plan for the first time?

To explain the business idea and where it came from

Forecasting product sales accurately

To include details about the owners

To find an appropriate format to present the plan

Which of the following defines the term revenue?

The money the business makes after total costs are deducted

The money the business makes after variable costs are deducted

The money the business makes from selling its goods or services

The money the business makes after fixed costs are deducted

Details regarding how many staff the business will need to employ, their pay rates and job

descriptions would be found in which section of a business plan?

Human resources

The fixed costs of a business are £300,000 per year and variable costs are £2.00 per unit.

The business sells 200,000 units per year at a selling price of £5.00. The profit made per

Explore all questions with a free account

Continue with email

Continue with phone

Studyresearch

End to your search for good notes!!

• MCQs – Nature & Significance of Management
• MCQs- Principles of Management
• MCQs – Chapter – Business Environment
• MCQs – Chapter Planning
• MCQs – Chapter – Organizing
• MCQs – Chapter Staffing
• MCQs – Chapter – Directing PART-1
• MCQs – Chapter – Directing – Part-2
• MCQs- Chapter Controlling
• MCQs- Chapter – Financial Management
• MCQs – Chapter – Marketing Management Part-1
• MCQs- Chapter- Marketing Management -Part-2
• MCQs – Chapter- Marketing Management – Part-3
• Case Studies- Principles of Management
• Case Study – Business Environment
• Case Study-Planning
• Case Study-Organizing
• Case Study- Staffing
• Case Study-Directing
• Case Study – Chapter Controlling
• MCQs – Ch-2 – An Entrepreneur – Part-1
• MCQs – Ch-2 – An Entrepreneur – Part-2
• Ch-3 MCQs for ENTREPRENEURIAL JOURNEY
• MCQs – Ch-4 Entrepreneurship As Innovation And Problem Solving
• Ch-5 MCQs Analysis of Market Env & Market Research
• CH-6 MCQs Unit of sale – Unit cost – Gross Profit
• Unit-2 Entrepreneurial Planning
• Download PDF| Unit-3 Marketing Strategies
• Download PDF | UNIT-4 Enterprise Growth Strategies
• Download PDF | UNIT-6 Resource Mobilization
• Download PDF |Unit 1 ENTREPRENEURSHIP
• Download PDF | Unit-3 Marketing Strategies
• Download PDF| UNIT-4 | Enterprise Growth Strategies

MCQs – Chapter Planning

Multiple choice questions – chapter planning.

Presenting the Business Studies Class 12 Objective type questions with answers for CBSE 10+2 students for gaining quick marks. These handpicked 25 questions are carefully chosen by our experienced team. Practice these questions here and test your concept learning here.

Q1- What is the essence of planning?

Q2- _____________ seeks to bridge the gap between where we are and where we want to reach?

(a) Organizing             (c) Planning

(b) Staffing                  (d) Directing

Q3- __________ function of management is concerned with both ends and means.

Q4- If ______________ is not taken into consideration, conditions in the environment may change and all business plans may go waste.

(a) Objective               (c) Resources

(b) time frame            (d) Alternatives

Q5- Define Planning.

Q6- Departments and individuals in the organization are able to work in coordination. Which importance of planning is highlighted in the above statement?

a) Planning provides direction.

b) Planning reduces overlapping and wasteful activities.

c) Planning reduces the risk of uncertainty.

d) Planning facilitates decision making.

Q7- Changes and events cannot be eliminated but they can be anticipated and managerial response to them can be developed. Which importance of planning is highlighted in the above statement?

c) Planning reduces the risk of uncertainty. 

Q8- Planning ensures clarity in thought and action, work is carried out smoothly without interruptions. Which importance of planning is highlighted in the above statement?

a) Planning provides direction. 

b) Planning reduces the risk of uncertainty. 

Q9- Planning involves setting targets and predicting future conditions, thus helping in making a choice. Which importance of planning is highlighted in the above statement?

Q10- With the help of planning managers can know whether they have actually been able to attain the goals. Which importance of planning is highlighted in the above statement?

b) Planning establishes standards for controlling.

Q11-________ concept of Planning throws light on its nature and scope also.

(a) Importance                                    (c) Process

(b) limitations                                     (d) Features

Q12- All other managerial functions are performed within the framework of Planning.

Q13- Which feature of planning is highlighted in the above case?

a) Planning focuses on achieving objectives.

b) Planning is continuous.

c) Planning is the primary function of management.                 

d) Planning is pervasive.

Q14- A Plan is framed, it is implemented and is followed by another plan and so on.

Which feature of planning is highlighted in the above case?

c) Planning is the primary function of management.

Q15- Sales  Forecasting is the basis on which a business firm prepares its annual plan for production and sales. Which feature of planning is highlighted in the above case?

d) Planning is futuristic.

Q16- Planning requires logical and systematic thinking rather than guesswork or wishful thinking.

b) Planning is a mental exercise.

Q17- What do you mean by premises?

Q18- While planning Forecasts regarding the demand for a particular good, policy changes, interest rates, prices of capital goods, tax rates are known as-

a) Objectives. c) Premises.

b) The course of action. d) alternatives.

Q19- What are the qualities of an ideal plan?

Q20-  Identify the type of plan which provides broad contours of an organization’s business.

a) Objective    b) Policy c) Strategy                 d) Procedure

Q21-  How many suppliers should a company make a purchase from? What are the criteria for choosing suppliers? All these questions can be answered by making one type of plan . Identify the type of plan?

(a) Objective               (c) Policy

(b) Strategy                 (d) Procedure

Q22- ______________ and __________  type of plan are interlinked with each other.

(a) Policy and procedure.                    (c) Objective and policy.

(b) Policy and Rule.                              (d) Objective and Method.

Q23- Which type of plan includes the entire gamut of activities as well as the organization’s policy.

Q24- Identify the type of plan which quantifies future facts and figures?

Q25- Which of the following type of plan do not allow for any flexibility or discretion.

(a) Rule                       b) Policy c) Strategy                 (d) Procedure

We have disabled - Right- Click - How about stay to read :)

50+ Unit 2 Solved MCQs

Done Reading?

• Question and answers in Unit 2,
• Unit 2 multiple choice questions and answers,
• Unit 2 Important MCQs,
• Solved MCQs for Unit 2,
• Unit 2 MCQs with answers PDF download

Business Management MCQs

Business management mcqs topics.

General MCQs

Strategic Management and Planning MCQs

Leadership in Management MCQs

Business Plan MCQs

Principles of Management MCQs

Try to answer these 900+ Business Management MCQs and check your understanding of the Business Management subject. Scroll down and let's begin!

1: Which of the following is not a function of management?

A.   planning

B.   staffing

C.   co-operation

D.   controlling

2: Management is

A.   an art

B.   a science

C.   both art and science

D.   neither

3: Policy formulation is the function of

A.   top level management

B.   middle level management

C.   operational management

D.   All of the above

4: Find the odd one out

A.   board of directors

B.   chief executive

C.   foremen

D.   shareholders

5: How are principles of management formed

A.   In a laboratory

B.   By experiences of management

C.   By experiences of customers

D.   By propagation of social scientists

6: Henry Fayol was a

A.   Social scientists

B.   Mining engineer

C.   Accountant

D.   Production engineer

7: Which of the following statement best described the principle of 'Division of work '

A.   work should be divided into small tasks

B.   labour should be divided

C.   resource should be divided among jobs

D.   it leads to specialisation

8: Which of the following is Not a principle of management given by Taylor

A.   Science, not rule of Thumb

B.   Functional foremanship

C.   Maximum ,not restricted output

D.   Harmony not discord

9: The principals of management are significant because of

A.   increase in efficiency

B.   Initiative

C.   optimum utilisation of resources

D.   Adaptation of changing technology

10: Management should find ' One best way ' to perform a task. Which technique of Scientific management is defined in this sentence

A.   Time study

B.   Motion study

C.   Fatigue study

D.   Method study

11: Which among the following is not a subsidiary function of management?

A.   Decision making

B.   Innovation

C.   Communication

D.   Motivation

12: Who is known as the father of scientific management?

A.   F.W. Taylor

B.   Max Weber

C.   Henry Fayol

D.   S.George

13: management is need at ..............

A.   Top level

B.   Middle level

C.   lower level

D.   all levels

14: Top management is concerned with ...................

A.   carrying suggestions upwards

B.   maintaining liaison with the outside world

C.   transmitting orders downwards

D.   none of these

15: management is called a process because .............

A.   it is applicable to the manufacturing process

B.   it is relevant for social organisation

C.   it involves a series of action

D.   All of above

16: Administration is.............

A.   policy making

B.   Active direction to get things done

C.   executing the policy

D.   None of these

17: management is...............

A.   tangible

B.   intangible

C.   fictitious

18: middle management ...........

A.   consists of departmental managers

B.   motivates lower management

C.   Both a&b

19: Top management consists of .......

A.   financial managers

B.   sales manager

C.   personnel manager

D.   Board of Directors and chief executives

20: co-ordination means.............

A.   organising activities

B.   Directing activities

C.   synchronizing activities

D.   both a&b

21: unity of command implies

A.   A subordinate should receive orders from all the superiors

B.   individuals must sacrifice in the larger interest

C.   be accountable to one and only one superior

22: purpose of time study is.............

A.   to remove wastage of time

B.   to give timely assistance

C.   to determine fair days work

D.   watching time

23: The scientific technique of task setting is known as........................

A.   work study

B.   motion study

C.   time study

D.   method study

24: scientific analysis of work under scientific management requires.......

A.   ime study

D.   work study

25: Authority refers to....................

A.   Getting work done

B.   right to get work done

C.   being in a managerial position

D.   scalar chain

26: Which among the following involves in planning process?

A.   Selection of objective

B.   determine the way to achieve objective

C.   both A and B

D.   None of the above

27: Which among the following is a single use plan?

A.   Objectives

B.   Policies

C.   Rules

D.   Budget

28: _______________ is a time table of work ?

A.   Budget

B.   Project

C.   Programmes

D.   Schedules

29: Which among the following is not an element of co-ordination

A.   integration

B.   balancing

C.   proper timing

D.   directing

30: Find the odd one out

A.   goals

B.   objective

C.   polices

D.   motivation

31: planning involves.................

A.   future course of action

B.   review of past performance

C.   analysis of policies

D.   All of these

32: planning provides...............

A.   information to outsiders

B.   basis for recruitment and selections

C.   purpose and direction of all persons

33: operational planning is undertaken at ..................

B.   lower level

34: ....................... are guides to action

A.   strategy

B.   planning

C.   policies

D.   procedure

35: ................ as a special type of plan prepared for meeting the challenges of competitors and other environmental forces

A.   policies

B.   objectives

C.   strategy

36: ................. are goals established to guide the efforts of the company and each of its components

A.   objectives

B.   strategy

37: ................ is also known as management by result

A.   management by subordinate

B.   management by objectives

C.   management by art

D.   management by planning

38: ............. co-ordination refers to the description of the behaviour and relationships of the organisation

A.   vertical

B.   Horizontal

C.   procedural

D.   substantive

39: ................ is a systematic way of handling regular events

A.   procedure

B.   rules

D.   strategy

40: Which among the following is not the principles of organisation?

A.   Unity of objectives

B.   Specialisation

C.   Span of control

D.   Initiative

41: organising is.....................

A.   A remedy for all types of problems

B.   ensure accurate forecasting

C.   None of these

42: Organising process involves.........

A.   division of work

B.   grouping of identical work

C.   All of these

43: Formal organisation is..................

A.   created by management

B.   A result of social interaction

C.   To satisfy cultural needs

44: organising deals with ...............

B.   decentralising activities

C.   centralisation activities

45: The process of organising consists of...........................

A.   division of work into job

B.   establishing authority relationships

46: Getting work done

C.   being in a management position

47: principles of specialisation requires................

A.   Division of labour

B.   centralisation of work

C.   decentralisation of work

48: Delegation is................

A.   Getting things done by others

B.   fixing of responsibility

C.   Assigning the task

D.   unity of command

49: Accountability means..........

A.   Delegation

B.   responsibility

C.   Authority

D.   Answerability

50: Which of the following is not an element of delegation

A.   accountability

B.   authority

C.   responsibility

D.   responsibility

List of Business Management MC...

Related business management mcqs:.

Business Economics MCQs

Financial Services MCQs

Investment Management MCQs

Management Fundamentals MCQs

Economics MCQs

Available in:

Latest mcqs:.

Public Economics MCQs

Agricultural Economics MCQs

Principles of Economics MCQs

Strategic Management MCQs

Popular MCQs:

Privacy Policy | Terms and Conditions | Contact Us

© copyright 2024 by mcqss.com

Helping our customers through the CrowdStrike outage

Jul 20, 2024 | David Weston - Vice President, Enterprise and OS Security

• Share on Facebook (opens new window)
• Share on Twitter (opens new window)
• Share on LinkedIn (opens new window)

On July 18, CrowdStrike, an independent cybersecurity company, released a software update that began impacting IT systems globally. Although this was not a Microsoft incident, given it impacts our ecosystem, we want to provide an update on the steps we’ve taken with CrowdStrike and others to remediate and support our customers.  

Since this event began, we’ve maintained ongoing communication with our customers, CrowdStrike and external developers to collect information and expedite solutions. We recognize the disruption this problem has caused for businesses and in the daily routines of many individuals. Our focus is providing customers with technical guidance and support to safely bring disrupted systems back online. Steps taken have included:  

• Engaging with CrowdStrike to automate their work on developing a solution.   CrowdStrike has recommended a workaround to address this issue and has also issued a public statement. Instructions to remedy the situation on Windows endpoints were posted on the Windows Message Center .   
• Deploying hundreds of Microsoft engineers and experts to work directly with customers to restore services.   
• Collaborating with other cloud providers and stakeholders, including Google Cloud Platform (GCP) and Amazon Web Services (AWS), to share awareness on the state of impact we are each seeing across the industry and inform ongoing conversations with CrowdStrike and customers.  
• Quickly posting manual remediation documentation and scripts found here .
• Keeping customers informed of the latest status on the incident through the Azure Status Dashboard here .  

We’re working around the clock and providing ongoing updates and support. Additionally, CrowdStrike has helped us develop a scalable solution that will help Microsoft’s Azure infrastructure accelerate a fix for CrowdStrike’s faulty update. We have also worked with both AWS and GCP to collaborate on the most effective approaches.    

While software updates may occasionally cause disturbances, significant incidents like the CrowdStrike event are infrequent. We currently estimate that CrowdStrike’s update affected 8.5 million Windows devices, or less than one percent of all Windows machines. While the percentage was small, the broad economic and societal impacts reflect the use of CrowdStrike by enterprises that run many critical services.  

This incident demonstrates the interconnected nature of our broad ecosystem — global cloud providers, software platforms, security vendors and other software vendors, and customers. It’s also a reminder of how important it is for all of us across the tech ecosystem to prioritize operating with safe deployment and disaster recovery using the mechanisms that exist. As we’ve seen over the last two days, we learn, recover and move forward most effectively when we collaborate and work together. We appreciate the cooperation and collaboration of our entire sector, and we will continue to update with learnings and next steps.  

• Check us out on RSS