MGT1001-2 Planning

The followings describe importance of planning, except

• set direction

• eliminate wastage

• using planning for controlling at a later stage

• to develop a vision for the company

Mission statement involves the following, except

• organising and forming structure

• organisation purpose

• core values and principles of organisation

The setting of this plan involves a lot of uncertainties due to the long duration. This plan is ___

• Strategic plan

• Tactical plan

• Operational plan

• Single-used plan

The followings are standing plan, except

• policy

• budget

• rules

• procedures

The followings describe the nature of contingency plan, except

• it is used when the original plan is affected

• it is also known as back-up plan

• it is important to assignment resources in the crucial areas

• it is important to respond to dynamic environment