Planning and organizing Quiz

What is a business plan?

• A written description of the nature of the business, its goals and objectives, and how they will be achieved.

• A financial plan for business operations.

• A time plan for reaching objectives.

• A specific measure against which something is judged.

What is competitive advantage?

• The examination of the organization's internal strengths and weaknesses.

• The special capabilities of a company that allow it to create a product or service that is measurably better than any competing company.

• A short and specific statement of the business's purpose and direction.

• The company's reason for existing.

What is SWOT analysis?

• The examination of an organization's internal strengths and weaknesses.

• The special capabilities of a company that allow it to create a product or service that is measurably better than any competing company.

• A time plan for reaching objectives.

• The specific measure against which something is judged.

What is a mission statement?

• A written description of the nature of the business, its goals and objectives, and how they will be achieved.

• The examination of the organization's internal strengths and weaknesses.

• A short and specific statement of the business's purpose and direction.

• The company's reason for existing.

What is a budget?

• A written description of the nature of the business, its goals and objectives, and how they will be achieved.

• A financial plan for business operations developed for a specific period of time.

• A time plan for reaching objectives.

• A specific measure against which something is judged.

What is a schedule?

• A written description of the nature of the business, its goals and objectives, and how they will be achieved.

• The examination of the organization's internal strengths and weaknesses.

• A time plan for reaching objectives.

• A specific measure against which something is judged.

What is a standard?

• The examination of an organization's internal strengths and weaknesses.

• The special capabilities of a company that allow it to create a product or service that is measurably better than any competing company.

• A specific measure against which something is judged.

• Guidelines used in making decisions regarding specific, recurring situations.

What is a procedure?

• The examination of the organization's internal strengths and weaknesses.

• A sequence of steps to be followed for performing a specific task.

• A time plan for reaching objectives.

• The specific measure against which something is judged.

What is an organization chart?

• A written description of the nature of the business, its goals and objectives, and how they will be achieved.

• The examination of the organization's internal strengths and weaknesses.

• An illustration of the structure of an organization, major job classifications, and the reporting relationships among the organization's personnel.

• The company's reason for existing.

What is responsibility?

• The obligation to do an assigned task.

• The examination of the organization's internal strengths and weaknesses.

• The right to make decisions about work assignments and to require other employees to perform assigned tasks.

• The authority given to individual employees to make decisions and solve problems they encounter on their jobs.