Planning
Question : Case Study: ABC Retail Chain
ABC Retail Chain is a popular brand with multiple stores across the country. They are planning to expand their product range by adding organic and eco-friendly products. Question:
The importance of planning for ABC Retail Chain in expanding their product range includes:
Option 1: Enhancing the decision-making process
Option 2: Limiting financial resources
Option 3: Ignoring external factors
Option 4: Restricting employee autonomy
Correct Answer: Enhancing the decision-making process
Solution : The correct answer is (a) Enhancing the decision-making process
Planning is crucial for making informed and effective decisions. In the context of expanding the product range, planning helps ABC Retail Chain analyze market trends, consumer preferences, and competitive landscapes. It enables them
Question : Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.
Billionaire Mukesh Ambani's telecom venture Reliance Jio Infocom is planning to foray into automobile telematics with the launch of a device that will control vehicle's movement and alert owner about fuel and battery through a mobile app. "Reliance Jio is ready with a car connected device that will have multiple features like immobilize car at the time of theft, alert owner about car movement, locate car and also provide wi-fi within car, The owner needs to use Jio sim in the device to avail benefits." an industry source said. The company is in advance talks with automobile companies to launch it very soon. "There are lots of factors that determine price, but price of the car connected device is estimated to be either equal to or less than its Jio's wifi device which costs around Rs 2,000," the source said. With help of Jio's car management device, the owner will get information about the way his driver is driving the car, the movement of vehicle can be restricted within a geography, switch on AC of car from any remote location, get alert of car break etc. "Jio is working on the modalities on its sales model for the existing cars as well" the source said. The device and application has been internally developed by Jio but the hardware device will be initially imported from China. "Jio has asked its device vendor to start making it in India after initial rollout," the source said. Besides this, the company is also scaling up its fibre to the home project for which it is running pilot in some cities including Delhi and Mumbai. "With Fibre to the home, Jio will focus on automatic entire home from entertainment to home surveillance to utility management, the source said. Jio has touched a customer base 7.24 crore and claims to be adding 1 lakh mobile subscribers per day. The company has set target to cross 10 crore customers by March 31, 2017.
Question: Which of the following is ensured mostly through the use of JIO sim?
Option 1: Security
Option 2: Better models
Option 3: More entertainment
Option 4: More comfort
Correct Answer: Security
Solution : The correct answer is option 1.
Explanation
Reading over all the services that Jio may offer via the Jio sim, it can be deduced that everything will be incredibly safe, from a car's position to its immobility when stolen or managing things in a home.
Question : Comprehension: Read the given passage and answer the questions that follow. With an impressive growth in yields, Telangana now claims to be transforming into the rice bowl of India. The Food Corporation of India (FCl) has procured 52 lakh tonnes of paddy from Telangana alone, which is more than half of the national target of 91 lakh tonnes. The state's harvests have nearly doubled in a year. Paddy production is up 93%, maize 95%, and cotton 74%, according to the Telangana Planning Department.
The state is also making its mark as a producer of paddy seed. "About 85% of our village's paddy is of a fine variety that farmers in MP, Haryana, Bengal, and Bihar use as seed," said a farmer in Anksapur Village in Nizamabad district. The seed crop sells at a premium over the state's minimum support price for paddy.
Question: According to the passage, in one year, the harvests in the state of Telangana have:
Option 1: remained the same
Option 2: almost doubled
Option 3: decreased sharply
Option 4: increased many times
Correct Answer: almost doubled
Solution : The correct option is the second option.
Explanation: The passage mentions that paddy production is up by 93%, maize by 95%, and cotton by 74%, according to the Telangana Planning Department. These significant percentage increases indicate a substantial rise in harvests across various crops,
Question : Case Study 22:
DEF Ltd. is a well-established company planning to expand its global operations through acquisitions.
Question :
DEF Ltd. aims to expand its global operations through acquisitions. Which market activity is related to this objective?
Option 1: Primary market
Option 2: Currency swap
Option 3: Mergers and acquisitions
Option 4: Money market trading
Correct Answer: Mergers and acquisitions
Solution : The correct answer is (c) Mergers and acquisitions
Expanding global operations through acquisitions is related to mergers and acquisitions (M&A). M&A involve the process of combining two or more companies through various financial transactions, such as acquisitions, mergers, consolidations, or purchases of assets,
Question : Assertion-Reason Questions: Chapter - Sources of Business Finance
Questions : Business Finance and Its Meaning
Assertion: Need for business finance arises due to various uncertainties and risks associated with business activities.
Reason: Financial planning eliminates all forms of business risk and uncertainties.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Both assertion and reason are false.
Correct Answer: Assertion is true, but the reason is false.
Solution : The correct answer is (c) Assertion is true, but the reason is false.
The assertion is true. Businesses face uncertainties and risks regularly, such as market fluctuations, economic changes, competition, and other variables. Business finance is needed to
Question : Case Study: XYZ Ltd. - Raising Finance for Expansion
XYZ Ltd. is a growing company that manufactures electronic gadgets. The company has been successful in the market and is planning to expand its operations. To finance this expansion, XYZ Ltd. is considering various sources of business finance.
Questions : Equity Shares and Preference Shares
Preference shareholders of XYZ Ltd. are entitled to:
Option 1: Convert their shares into debentures
Option 2: Voting rights in company decisions
Option 3: A fixed dividend before equity shareholders
Option 4: A share of the company's profits after equity shareholders
Correct Answer: A fixed dividend before equity shareholders
Solution : The correct answer is (c) A fixed dividend before equity shareholders
Preference shareholders are entitled to receive a fixed dividend at a predetermined rate before any dividend is paid to equity shareholders. This characteristic distinguishes them from equity shareholders, who
Question : 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?
Option 1: Planning focuses on achieving objectives
Option 2: Planning is continuous
Option 3: Planning is primary function of management
Option 4: Planning is futuristic
Correct Answer: Planning is futuristic
Solution : Planning always means looking ahead or planning is a futuristic function. Planning is never done for the past. All the manager try to make prediction and assumption for future. In the above case, Sales forecasting is the basis on which a business firm
Question : Case Study: ABC Retailers
ABC Retailers is a chain of stores specializing in fashion apparel. They have a hierarchical management structure with top management, middle-level management, and lower-level management. The company aims to provide a wide range of trendy clothing options and outstanding customer service.
The management function of planning in ABC Retailers involves:
Option 1: Allocating resources to different departments
Option 2: Guiding and motivating employees
Option 3: Setting organizational goals and strategies
Option 4: Monitoring employee performance
Correct Answer: Setting organizational goals and strategies
Solution : The correct answer is (c) Setting organizational goals and strategies
Planning involves defining the organization's goals and objectives, and determining the strategies and actions necessary to achieve them. In the context of a retail business like ABC Retailers, this would include
Question : Case Study: UVW Industries - Sustainable Financing for Green Initiatives
UVW Industries is a company committed to sustainable practices and is undertaking environmentally friendly initiatives. The company is exploring various sources of business finance to support its green projects.
Questions : Business Finance and Sustainability
What is the primary objective of financial planning for UVW Industries in the context of sustainability?
Option 1: Maximizing short-term profits
Option 2: Achieving long-term sustainability goals
Option 3: Minimizing operational expenses
Option 4: Meeting immediate financial obligations
Correct Answer: Achieving long-term sustainability goals
Solution : The correct answer is (b) Achieving long-term sustainability goals
Financial planning with a focus on sustainability aims to ensure that UVW Industries can allocate financial resources strategically to achieve their long-term sustainability objectives. This involves budgeting, forecasting, and managing funds in a
Question : __________________ is defined as the process of planning, organisation, actuating and controlling an organisations operations in order to achieve coordination of the human and material resources essentially in the effective and efficient attainment of objectives.
Option 1: Cooperation
Option 2: Specialisation
Option 3: Management
Option 4: Coordination
Correct Answer: Management
Solution : Management consists of a series of interrelated functions that are performed by all managers.
Hence, Option C is correct.
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