ORGMA QUIZ Lesson 3

What is the primary purpose of planning?

• To create confusion

• To provide direction to managers & staff

• To eliminate all risks

• To increase uncertainty

Answer explanation

Which type of plan is considered long-term?

• Operational plans

• Strategic plans

• Short-term plans

• Single-use plans

What is a characteristic of a standing plan?

• It is a one-time plan

• It is used repeatedly

• It is only for short-term use

• It is not defined

What does environmental scanning involve?

• Ignoring market trends

• Focusing solely on internal factors

• Examining information to predict changes

• Eliminating competition

What is the first step in the decision-making process?

• Analyzing alternatives

• Selecting an alternative

• Defining the problem

• Implementing the alternative

Answer explanation

applies a set of mathematical rules to a series of past data to predict outcomes.

• Quantitative forecasting

• Descriptive forecasting

• Random forecasting

• Static forecasting

What is the purpose of benchmarking?

• To eliminate planning

• To reduce employee workload

• To find best practices among competitors

• To ignore competitors

Answer explanation

What type of plan is defined as a one-time plan?

• Strategic plan

• Operational plan

• Single-use plan

• Standing plan

What is the focus of competitor intelligence?

• To classify business competitors

• To ignore market competition

• To enhance internal processes

• To reduce employee engagement

Which of the following is NOT a type of planning?

• Strategic plans

• Operational plans

• Tactical plans

• Single-use plans