NCERT MCQ ON Planning:
Question1: State true or false:
Managers when plan, organise, lead and control are called decision makers.
a. True
b. False
Answer: A
Question2: Which of the following is an assumption of rationality to rationale decision making?
a. Preferences are clear
b. Final choice will maximize pay off
c. The problem is clear and unambiguous
d. All of the above
Answer: D
Question3: Is accepting solutions that are “good enough”.
a. Bounded rationality
b. Satisfying
c. Escalation of commitment
d. None of the above
Answer: B
Question4: Making decisions on the basis of experience, feelings and accumulated judgement is called as
a. Decision making
b. Structured problems
c. Intuitive decision making
d. None of the above
Answer: C
Question5: Which software provides key performance indicators to help managers monitor efficiency of projects and employees?
a. Management Information System
b. Business Performance Management
c. Enterprise Application Software
d. Online analytical Processing
Answer: B
Question6: Is a rule of thumb that managers use to simplify decision making.
a. Sunk costs
b. Framing
c. Heuristics
d. None of the above
Answer: C
Question7: State true or false.
Availability bias is when decisions makers tend to remember events that are most recent.
a. True
b. False
Answer: A
Question8: Which of the following quality a manager must possess to succeed in planning?
a. Reflective Thinking
b. Imagination
c. Farsightedness
d. All of these
Answer: D
Question9: Plan which is firstly discussed in business plan is mostly
a. Marketing plan
b. Financial planning
c. Personnel plan
d. Production plan
Answer: A
Question10: First step in planning process is to
a. Setting an objectives
b. Evaluate alternative
c. Determine strength and weakness
d. None of the above.
Answer : A