multiple choice questions on business plan pdf

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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

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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

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Business Plan Questionnaire

Successful business plans clearly explain a company’s business model, objectives, strategies, and competitive advantages. Use our business plan questionnaire below for a list of the questions you should answer in each section of your business plan to ensure clarity and understanding of your business’s hopes and mission. 

Download our Ultimate Business Plan Template here

What Questions Should Be Asked in a Business Plan?

The business plan questionnaire can help you with how to write your business plan . It will give you a concrete set of directions for the future and allow you to further examine and learn about the market you are entering. Be sure to provide answers to the following questions in each key section of your business plan.

Executive Summary Questions

You may ask yourself:

• What is the issue your business is addressing?
• How are you solving it?
• What are your business’s strengths?
• Why should an investor be interested in your business?

Company Analysis Questions

Ask yourself the following:

• What is your business’ mission?
• What is your history?
• What are some of your past achievements?
• What is your business’ legal structure?
• Where is your business located?
• Why did you start the business?
• How do you measure your business success?

Industry Analysis Questions

Include the answers to the following questions:

• What is the size of the market?
• What are the characteristics of the market: growth trends, units sold, employment? 
• What factors are influencing growth or decline in the market?
• Are there any barriers to entering the market? 
• Are there any government regulations that affect the market? 

    Finish Your Business Plan Today!

Customer analysis questions.

Be sure to include the following in your analysis:

• What is the size of the target customer market?
• Where are these prospective customers located?
• What are their desires and needs, and how will your business meet those needs?
• In descriptive terms, who is your target market? (what motivates them to purchase, what influences their purchasing decisions) 
• Why will your target customers seek out your business?
• What trends/purchasing shifts could occur in the market?
• How will you monitor customer satisfaction? (e.g., surveys, reviews, etc.)

Competitive Analysis Questions

First, simply focus on your competition and what they are up to.

Address the following:

• Who are your direct competitors? (e.g., other businesses in your genre) What percentage of market share do they occupy?
• Who are your indirect competitors? (e.g., other companies that may not be specified in your business’s genre, but provide similar results to that of your business) 
• What are your competitors’ strengths and weaknesses?
• What are their products and pricing like?

Then, look into your business’ competitive advantage to describe how your business will be better.

• Will you offer more or better features?
• Will you ensure better results for your users?
• Will you offer better pricing?
• Will your customer service be more efficient?
• Will you offer a better overall customer experience?

Marketing Plan Questions

A complete plan will include the following marketing plan sections:

• How will you communicate to your target customers about your product or service?
• Why are you choosing these specific avenues (e.g., website, Social Media, etc.)?
• What materials do you have or need, and what will be the cost of this?
• What do you plan to spend on marketing per prospect and per client?
• How will you retain existing customers?
• How will your business attract publicity?
• What media will you target?
• How will your product or service be delivered to the market?
• How might future changes impact your marketing?
• How will you price your product relative to others in the market to be competitive yet profitable?
• What type of payment will you accept?
• Overall, how will your marketing strategy be effective to your target customers?

Operations Plan Questions

Consider the following:

• What equipment is needed, and what is the cost?
• What are your hours of operation and number of shifts?
• How many employees will you have?
• What are the skill sets required when looking to hire new employees?
• What are your practices for scheduling, managing, and hiring personnel?
• What are the processes you will use to produce and sell your product or service?
• What is your purchasing process?
• How will finished goods be distributed?
• How will quality be measured and improved over time?
• What will your procedures to keep track of inventory look like?

Management Team Questions

In this section, answer the following:

• Who are your founding members and what is their background?
• Who are your support team members and what are their responsibilities? (include position title, person’s name, and role)
• Do you offer any ownership options to attract key management?
• Do you have any Board of Directors?
• Do you have any outside consultants that will work with your business as it grows?
• What is your business’ organizational structure? 

Financial Plan Questions

Your financial plan should include:

• Profit & Loss statement 
• Cash flow statement
• Balance sheet
• Sales volume forecast
• Personnel plan
• Break-even analysis

Here, you must gather data and convey just how much money your business will need and how much income you will earn, as well as when your business will be profitable. 

Be sure to consider the following:

• How were your numbers calculated?
• Why are the salaries and office expenses you have calculated reasonable to your business?
• Why are your expense estimates realistic?
• How have you budgeted for unexpected costs?
• Is there any debt the business currently has?
• What is the amount of equity the owners and stockholders have? 
• What is your annual interest expense?
• What is the percentage of sales issued for returns? 
• What is your average daily inventory value?
• Are you using a fixed or variable inventory method?
• What is the limit on your line of credit and the average interest rate?
• What is your minimum checking account balance to have at all times?

Your financial plan should prove that you are informed and knowledgeable on the numbers around your business. It should prove that you are aware of all potential unexpected costs or other out-of-the-blue setbacks. 

Appendix Questions

Appendices may be anywhere from just a few pages to a hundred or more.

Your appendix can include:

• Resumes of key management, blurbs on other management members
• Job descriptions/titles
• Copies of any agreements having bearing on the business plan
• Copies of licenses
• Personal and business tax returns (if applying for a loan)
• Marketing materials 
• Photos or sketches of the building, property, equipment, products 
• Industry studies or other information supporting industry trends
• Summaries of secondary market studies

Business Plan Questionnaire Conclusion

The above sample survey questionnaire for a business plan should be a guide for you to use as an outline and checklist of items that will need to be addressed in your company’s business plan. Growthink’s fill in the blank business plan includes each of these key elements and more to help your business succeed.

How to Finish Your Business Plan in 1 Day!

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Other Helpful Business Plan Articles & Templates

135 Business Plan Questions

Embarking on the business journey of your dreams begins with a robust business plan. This plan is not just a document—it’s the roadmap to your success, painting a clear picture of where you’re headed and how you plan to get there.

Whether you’re a seasoned entrepreneur or a hopeful startup pioneer, the questions I’ve compiled are designed as your compass, guiding you through the intricate landscape of business strategy.

From your executive summary to the details of your financial projections, each question serves to dig deep into the essence of your vision, solidifying your plan with precision and care.

Table of Contents

Executive Summary

• What is the core mission of your business?
• How would you describe your company’s business model in simple terms?
• What unique problem does your business solve for its customers?
• What are the short-term and long-term goals of the company?
• Who are the intended clients or customers of your business?
• What is the vision statement for your business?
• Who are the founders and key team members, and what are their roles?
• How does your company set itself apart from the competition?
• What are the main achievements or milestones of your business to date?
• What key opportunities do you see in the market?
• How much funding are you seeking, and how will it be used?
• What are the main products or services your company offers?
• What is the current stage of your business (concept, start-up, growth)?
• How do you see your company evolving in the next five years?
• Can you summarize the financial outlook and projections for your company?

Company Description Considerations

• What is the legal structure of your business (e.g., sole proprietorship, LLC, corporation)?
• How did the idea for the business originate, and how has it been developed?
• Who are the target customers, and why will they choose your business?
• What are the key elements of your business’s operations?
• What are the specific advantages of your location or facilities, if any?
• How does your company’s history and background set it up for success?
• What business sector or industry does your company fall under?
• How does your company contribute to the economy and community?
• What partnerships or collaborations are essential to your business?
• What are the core values and culture of your company?
• How does your business respond to changes in the market?
• What relevant certifications, licenses, or permits does your business hold?
• What are the main risks and challenges your business faces?
• What role does sustainability play in your company’s operations?
• How does diversity and inclusion manifest in your company?

Market Analysis

• Who is your primary target market, and what are their defining characteristics?
• How large is the target market, and what is its projected growth?
• What are the trends and themes currently shaping your target market?
• Who are your top competitors, and what are their strengths and weaknesses?
• What is your market share, or what market share do you project to capture?
• How do your target customers make their purchasing decisions?
• What factors influence the demand for your products or services?
• What barriers to entry exist in your market, and how can they be overcome?
• How does pricing play a role in your market position?
• What is your value proposition to customers in comparison to competitors?
• How might technology impact your market in the future?
• What are the legal or regulatory factors affecting your market?
• How have external factors like the economy affected your market historically?
• How does geography affect your market and business model?
• What are the risks associated with your target market?

Organization and Management Structure

• Who comprises the leadership team, and what are their backgrounds?
• What is the organizational structure of your business?
• How will your management team help achieve the business’s goals?
• What gaps exist in your current team, and how do you plan to fill them?
• What are the roles and responsibilities of your management team members?
• How does the management structure align with your business strategy?
• How does your team make decisions and communicate internally?
• What systems are in place for performance management and accountability?
• What is your plan for recruiting and retaining skilled employees?
• How do you approach leadership development and training?
• How does the current team’s expertise align with the business goals?
• What are the board of directors’ roles, if applicable?
• How do you plan to create a productive company culture?
• What external advisors or consultants does the business use, and why?
• How have you planned for succession in key management roles?

Service or Product Line Inquiry

• What are the main products or services your business offers?
• How do these products or services fulfill customer needs?
• What is unique about your products or services?
• How does product/service quality compare to competitors?
• What is the lifecycle of your products or services?
• How is your product or service produced or delivered?
• Are there any patents, copyrights, or trademarks involved?
• What research and development activities are you pursuing?
• How do you plan to expand your product or service range?
• What customer feedback have you received about your product or service?
• How does your product or service adapt to changes in the market?
• What is the pricing strategy for your products or services?
• How does your product or service contribute to your brand image?
• What are the future plans for developing your product or service?
• How do warranty or guarantee terms play into your offering?

Marketing and Sales Strategies

• What marketing channels will you use to reach your target audience?
• How will you position your company within the market?
• What promotional strategies will you utilize to attract customers?
• What is your sales forecast for the first year and beyond?
• How will you set sales targets and measure success?
• What sales tactics will you employ to enhance customer acquisition?
• How will your marketing and sales strategies evolve as the business grows?
• What is your approach to online and social media marketing?
• What customer relationship management processes will you put in place?
• How do you plan to establish your brand identity?
• What partnerships or sponsorships will you leverage to enhance marketing?
• What are your strategies for repeat business and customer loyalty?
• What is your process for tracking marketing ROI?
• How do customer service and support fit into your sales strategy?
• How does your marketing strategy cater to different customer segments?

Funding Request Fundamentals

• How much total funding is required to reach your business objectives?
• What specific purposes will the funding be used for?
• What is your proposed timeline for the utilization of funds?
• What types of funding (e.g., equity, loan) are you pursuing?
• How will investors or lenders get a return on their investment?
• What is the current financial position of the business?
• How much equity are you willing to exchange for investment?
• What are the key financial milestones that the funding will help achieve?
• What are the terms you’re seeking for any loans?
• How do you plan to manage cash flow and ensure financial stability?
• What collateral, if any, are you offering to back up your funding request?
• How does the funding impact your business’s financial projections?
• What is the exit strategy for investors?
• How will additional funding influence your strategic business decisions?
• What contingencies do you have in place if you don’t secure the expected funding?

Financial Projections and Feasibility

• What are your financial forecasts for the next three to five years?
• How did you arrive at your revenue and expense estimates?
• What are the key assumptions underlying your financial projections?
• What are the projected cash flow statements for the next few years?
• What is your break-even analysis showing?
• What are your strategies for maintaining a healthy profit margin?
• How do you plan to monitor and manage financial risks?
• What is your approach to pricing and cost control?
• How will you balance reinvestment in the business with profitability?
• What financial metrics will you use to gauge business performance?
• How will you handle unexpected financial shortfalls or emergencies?
• What is your strategy for financial record-keeping and accounting?
• How do customer payment terms and cycles affect your cash flow?
• What financial software or tools do you use for projections?
• How will financial trends and economic conditions potentially impact your projections?

Appendix and Supporting Documents

• What supporting documents will you include in the appendix?
• How will these documents reinforce your business plan’s credibility?
• What resumes or biographies of your team members will you present?
• What legal documents are relevant to include (e.g., licenses, permits)?
• How can we access extensive market studies mentioned in the plan?
• What are your key technical product specifications or service descriptions?
• How do your financial statements and accounting documents get audited?
• What testimonials or case studies from customers can you showcase?
• What press coverage or media mentions has your business received?
• Can you provide industry endorsements or expert opinions?
• How will technology prototypes or demos be made available for review?
• What are your policies and procedures manuals like?
• How do your charts, graphs, and tables support your plan’s data?
• What correspondence or contracts with suppliers/partners are appropriate to include?
• How does your intellectual property documentation reflect on your business’s value?

Frequently Asked Questions

Can i write a business plan myself, or should i hire a professional.

Writing a business plan yourself is possible, especially with the aid of specific questions that cover all business aspects. However, hiring a professional can provide expertise and a polished result, particularly if you seek significant funding.

How often should I update my business plan?

Regular updates are crucial—annually at minimum or more often if your business is rapidly changing. This keeps your business plan relevant and useful as a dynamic, guiding document.

What’s the most critical part of a business plan?

While all sections are important, the Executive Summary is critical as it’s often the first (and sometimes only) part read by potential investors or partners. Clear and compelling financial projections are also vital for potential funders.

Final Thoughts

As your blueprint comes together, remember that the strength of your business plan lies in its details and its ability to represent the vision and practicalities of your enterprise honestly.

The questions outlined will challenge you to think critically, anticipate future hurdles, and prepare for success. With these comprehensive inquiries as your cornerstone, you can turn your business from a dream into an actionable, thriving reality.

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Business Plans - Multiple Choice Quiz

Subject: Business and finance

Age range: 14-16

Resource type: Game/puzzle/quiz

Last updated

18 January 2022

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This resource is the perfect assessment tool that can be used when teaching about the purpose of ‘Business Plans’. There are fifteen multiple choice questions that explore the key features of a business plan.

Easy to use resource and no preparation required. Simply print out the resource that is in a PDF format for students to complete.

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**Great bundle for teaching about business in action!** Included in this bundle are a variety of resources to teach about business in action. Each activity included in this bundle aims to build upon students understanding of marketing, ownership, finance & business plans. There are bell ringer activities and a range of questions included to test students understanding of the topic. **Included:** * Marketing Mix - 4 p's - Escape Room with Answer Sheet * Marketing - Multi-Use Resource * Marketing Mix - 4 p's - Multiple Choice Quiz * Niche and Mass Marketing - Word Search * Niche vs Mass Marketing - Full Lesson * The Marketing Mix - 4 p's Printable Activity * Understand the Role of Marketing in Identifying Customer Needs * Business Planning - Full Lesson * Business Plans - Escape Room * Business Plans - Multiple Choice Quiz * Business Plans and How They Assist * Sources of Finance - Full Lesson * Sources of Finance - Escape Room * Sole Traders - Escape Room * Sole Traders - Full Lesson * Sole Traders - Word Search * Partnerships - Full Lesson * Partnerships - Escape Room **If this bundle was helpful, please leave a review!**

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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? 

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BUSINESS MANAGEMENT MULTIPLE CHOICE QUESTIONS

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Business Management MCQs

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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

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