Financial Planning 1.01-1.02

Julie, a newly promoted manager, lacks the time to properly prepare employee work schedules and assigns this duty to the assistant manager. Which time management technique is Julie using?

• delegating activities

• standardizing tasks

• setting objectives

• procrastinating

Beau is stressed out because he agreed to take on three new clients when his calendar is already full. Which time-management principle does he need to learn?

• get enough sleep

• focus on goals, not on tasks

• divide large projects into smaller parts

• be realistic in accepting responsibility for work

What effect does the demand of time have on the supply of time available?

• The supply of time increases.

• The supply of time decreases.

• The supply of time stays the same.

• The supply of time matches time demanded.

The concept of time management refers to the process of how to:

• use a calendar.

• keep a time log.

• organize belongings.

• efficiently use a 24-hour day.

Natalia is upset because she was supposed to work on a certain account today, but her boss switched her to another account at the last minute. Which time-management principle would benefit Natalia?

• be flexible

• get enough sleep

• plan meetings wisely

• know when and how you work best

When an employee always works a full day, but never seems to complete any tasks, that employee needs to focus on:

• time management.

• worrying more about the job.

• how to delegate all work responsibilities.

• how to delegate all work responsibilities.

When scheduling daily activities, one should always keep in mind that plans may need to change, creating the need for:

• activities.

• appointments.

• assignments.

• flexibility.

Which activities should be excluded from a daily to-do list?

• new activities that must be completed the next day

• required activities from the master calendar

• activities previously planned for the day

• activities that must be done next month

When Alana prepares a report so that all financial data is clearly disclosed, she is ensuring that the information is:

• flexible.

• relevant.

• timely.

• transparent.

A manager is most likely to use financial information when:

• establishing lines of authority within an organization.

• researching the demographics of a new target market.

• determining resources available to fund a new project.

• calculating the number of on-the-job injuries in the past year.