ABM 001: INDIVIDUAL QUIZ

What type of plans are set by the board of directors and top management to outline resource allocation, priorities, and action steps for achieving strategic goals?

1. Which level of management is responsible for creating operational plans that have a short-term focus and are designed to achieve tactical goals in support of strategic plans?

Who is primarily responsible for developing and implementing tactical plans to achieve specific parts of strategic plans?

What is a crucial function within management that involves creating strategies to achieve organizational goals, and how is it utilized by managers across different organizational levels?

What is the Management level that compose of the following:
Chief Executive Officer, President,

Vice Presidents, General

Manager, Div. Heads

What is the management level that compose of the following:
Functional Managers, Product line Managers, Department Heads

What technique can be used for analyzing the effect on profits of different

pricing strategies or of different alternatives in incurring costs?

What is the Management level that compose of: Unit Managers, First Line, Foreman, Employee

Its a quantitative tool for determining the optimal combination of resources and

activities. It can be used for production scheduling, allocation of marketing, personnel to territories or allocation

of production inputs to produce an item at minimum cost.

The process of developing assumptions

about the future that are relevant to the

predicted level of certain planning

variables, eg. company’s future sales.