Business Studies Planning: Multiple Choice Questions
Business Studies Planning: Multiple Choice Questions
PLANNING
Multiple Choice Questions
1. This function of management decides what to do and how to do:
(a) organising (b) planning (c) directing (d) controlling
12. Every employee has to sign in the attendance register as soon he/she reaches office.
This is an example of
(a) Procedure (b) method (c) rule (d) policy
2. Human Care Ltd. deals in medical equipment business. They import goods Korea and sell
in domestic market. Recently the Korean company increased prices making good expensive.
Indian being price sensitive market will not accept the increased price. The Director of the
company is thinking of options of importing goods from other countries like Thailand and
China. He is also thinking of purchasing goods from the existing supplier in Korea but without
packing so that it is cheaper. He will save freight charges. All this will reduce that total cost
and will enable him to make profits as before.
a) Identify the concept of management involved in the above case.
b) State what is the director of Human Care planning to do?
c) Mention what steps must be followed by Human Care to make sure that their
objectives of profit maximization is achieved.