Planning Techniques and Tools and Decision Making

Multiple Choice

The vision statement expresses their reason for existence.

• True

• False

Multiple Choice

Objectives are action plans that involve longer periods and more measurable outputs.

• True

• False

Multiple Choice

Tactical plans translate broader plans into functional goals for each area or department.

• True

• False

Multiple Choice

The board of directors formulates the general business strategy which builds a competitive advantage for a business.

• True

• False

Multiple Choice

Human capital is the capital or investment that a company needs to start and sustain the business.

• True

• False