MGT400_PLANNING

​Let's test your understanding...

Multiple Choice

Identifying and selecting appropriate goals and courses of action for an organization, is also known as ________.

• Planning

• Organizing

• Leading

• Controling

Multiple Choice

A broad declaration of an organization’s purpose that identifies the organization’s products and customers and distinguishes the organization from its competitors, is also known as ________.

• Company Vission

• Mission Statement

• Objectives

• Standing Plan

Multiple Choice

How many steps are there in the planning process?

• 1

• 3

• 4

• 2

Multiple Choice

Choose the best statement describing the reasons for having a plan.

• Helps coordinate managers of the different functions and divisions of an organization

• A declaration of an organization’s purpose that identifies the organization’s products and customers and distinguishes the organization from its competitors

• A cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals

• Managers need to make every attempt to collect and utilize all available information at their disposal.

Multiple Choice

How many levels of planning?

• 1

• 2

• 3

Multiple Choice

Standing Plans can include policies, rules and SOP.

• True

• False

Multiple Choice

Top management’s decisions pertaining to the organization’s mission, overall strategy, and structure, is called __________.

• Business - level Plan

• Corporate level Plan

• Corporate level Strategy

• Business - level Strategy

Multiple Choice

The generation of multiple forecasts of future conditions followed by an analysis of how to respond effectively to each of those conditions, is also known as _________.

• Standing Plan

• Single-use plan

• Scenario Plan

• Sitting Plan

Multiple Choice

A short - term plan is usually..

• Less than 5 years

• Less than 1 year

• Less than 3 years

Multiple Choice

One of the characteristics of any goal is time bounded. True or false?

• True

• False