Org. Man

A level of planning that focuses on support functions which are possessed by a business enterprise.

• Strategic Level

• Functional Level

• Corporate Level

• Business Level

Process by which managers establish goal, define methods and think of strategies by which these goals are to be attained

(a)  

It is a social unit of people that is structured and managed to meet a need or to pursue collective goals.

• Employment

• Organization

• Economy

• None of these

True or False: Planning is futuristic in nature.

(a)  

True or False: Economic growth means change in value of goods and services over time normally for a period of one year.

(a)  

A business that is owned by only one individual for the practice of trade or profession.

• Partnership

• Sole proprietorship

• Corporation

• Cooperative

Which role of business organization that improves the economy through job creation?

• Provide Employment

• Through Investment

• Production of Goods and Services

• Increase in Government’s Revenue

High-level overview of the entire business, its vision, mission, corporate objectives, and values.

• Strategic Plan

• Tactical Plan

• Functional Plan

• Operational Plan

The operational plan describes the day to day running of the company.

• Contigency Plan

• Operational Plan

• Tactical Plan

• Strategic Plan

An organization’s overall strategic direction is normally planned at the __________________.

• Business Level

• Strategic Level

• Functional Level

• Corporate level