Planning

One of the behavioral time-wasters is _______________

________ is the central function of management.

Planning and ____________ are two complementary processes and functions of management.

__________ advantage enables a company to outperform its rivals in the industry.

Planning is considered as the function of management that sets the direction of the other managerial functions.

• True

• False

Long-range plans are less detailed, cover shorter time horizons, and are used by lower managerial levels in the organization.

• True

• False

Senior executives belong to top management and they make use of strategic plans that are long-term in nature.

• True

• False

Forecasting involves predicting future outcomes and can be done either quantitatively or qualitatively.

• True

• False

Scenario planning means looking at how other organizations perform and identifying their best practices for performance.

• True

• False

Decision-making and planning are complementary processes and are both important managerial functions.

• True

• False