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A Level: 9 - Corporate Planning

Authored by Niall Clark

Business

12th Grade

A Level: 9 - Corporate Planning
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of corporate planning?

Hiring new employees
Meeting short-term targets
Setting long-term objectives and strategies
Increasing prices

Answer explanation

Corporate planning sets long-term goals and strategic direction.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a good corporate plan include?

Only financial goals
Clear objectives, strategies, departmental goals, and performance review
Weekly task lists
Daily sales reports

Answer explanation

A comprehensive corporate plan includes objectives, strategies, and review processes.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a benefit of corporate planning?

Creates shared direction and purpose
Removes the need for innovation
Ensures products never fail
Avoids the need for feedback

Answer explanation

It aligns employees around common goals.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a drawback of corporate planning?

Too easy to change
Can become outdated due to sudden changes
Doesn’t require forecasting
It guarantees success

Answer explanation

Plans can become irrelevant if the external environment shifts quickly.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a component of a corporate plan?

Holiday rota
Departmental objectives
Break times
Job advertisements

Answer explanation

Corporate plans break down goals into departmental objectives.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are financial objectives important in corporate planning?

They make investors leave
They provide measurable targets for success
They replace qualitative goals
They increase competition

Answer explanation

Financial targets help evaluate performance.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business culture involves quick decisions made by one central figure?

Task Culture
Power Culture
Role Culture
Person Culture

Answer explanation

Power cultures centralize decision-making.

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