MGT111 Final Term MCQs by VU Academic Consultant

Lesson 19

Q1. Program is a composite of goals, policies, rules, tasks, procedures, resources to be employed.

True

False

Q2. Budget for an organization is a clear expression of income and expenditures.

True

False

Q3. The illogical sequential process of setting goals and choosing on best goals is termed as ‘rational process’.

True

False

Lesson 19

Q1. In the planning process, on which factors future is forecasted?

Answer: Markets, prices, what services need to be provided, what technological change there will be, what population changes will be there. These are general factors which are considered while forecasting the future in the planning process.

Q2. What do you understand by ‘evaluating the alternatives’?

Answer: In planning process different alternatives are considered and these are evaluated or examined on the basis of cost and benefits and finally on the basis of this type of analysis the decision is taken.

Q3. The selection of one best alternative among all is done on the basis of cost-benefit analysis.

True

False

Lesson 20

Q1. Project is a distinct activity which requires investment and has beginning and end.

True

False

Q2. Project cycle is not a sequential process of project identification, feasibility, preparation, appraisal, approval, implementation and evaluation.

True

False

Q3. Chairman is the head of Planning & Development Board of Pakistan.

True

False

Q4. Planning organizations of Pakistan have responsibility of overall development of the country.

True

False