Business Management I (Objective 1.03)

Middle-level administrators work to take broad goals and make them

more specific to their unit(s). What are these goals called?

• Tactical Plans

• Strategic Plans

• Operational Plans

• Management Plans

Which is the first step of effective managerial planning?

• Establish criteria to evaluate strategies.

• Evaluate the quality of various processes.

• Develop procedures for activity implementation.

• Use a systematic approach to establish objectives.

Goals established by a company should be:

• Linked to punishments.

• Specific and measurable.

• Difficult and generally unattainable.

• Set for every single aspect of the business.

What type of plan should a business implement when the original plan

fails to produce the desired results?

• Communications

• Contingency

• Production

• Strategic

Which question should effective managerial planning answer?

• "Who will do the work?"

• What do we want to do?""

• "Did we accomplish our goals?"

• "How will we monitor the workforce?"

What are characteristics of tactical planning?

• Long-term and vague

• Long-term and specific

• Short-range and vague

• Short-range and specific