1.03 QUIZ: Management Planning

First step in planning is

• setting standards

• setting goals

• writing a mission statement

• organizing staff

What does the acronym SMART stand for?

• Specific, Measurable, Attainable, Relevant and Timebound

• Specific, Meaningful, Attainable, Reality and Timebound

• Special, Measurable, Attractive, Reality and Treasured

Planning gives an organization a sense of

• direction and focus

• finances and staff

• results

• where profits will come from

Goals should NOT be linked to rewards

• True

• false

Goals should always challenge but never be unreasonable.

• false

• true

Planning serves as a prerequisite to employing all other management functions.

• True

• False

Anticipating problems and coping with change is one of the positives of

• directing

• staffing

• planning

• organizing

A company's mission statement

• is the basis for all directing

• is the basis for all financing

• is the basis for all planning

• is a statement used to talk to customers

Plans that are concerned with shorter time frames and lower level units are called

• practical

• tactical

• contingency

• strategic

Planning that involves a longer time frame and the entire organizations goals is called

• tactical

• contingency

• strategic

• organized