Quiz on Planning and Management

What is the most basic of all managerial functions?

• Planning

• Leading

• Controlling

• Organizing

According to Weihrich and Koontz, what does planning involve?

• Evaluating outcomes

• Selecting missions and objectives

• Monitoring performance

• Implementing strategies

What is a characteristic of planning?

• It is always rigid

• It is goal oriented

• It is a random process

• It is only for top management

At which level is an organization’s overall strategic direction planned?

• Operational Level

• Functional Level

• Business Level

• Corporate Level

What does a strategic plan outline?

• Daily operations

• Short-term objectives

• Vision, mission, objectives, and values

• Contingency measures

What type of plan describes the tactics to achieve ambitions outlined in the strategic plan?

• Contingency Plan

• Tactical Plan

• Operational Plan

• Single Use Plan

What is the focus of an operational plan?

• Long-term strategies

• Daily operations

• Corporate governance

• Market analysis

What are ongoing plans?

• Plans for future predictions

• Plans that are never modified

• Plans that can be continuously used

• Plans for single events

What is the role of top-level managers in planning?

• Set goals and lead the company

• Supervise daily activities

• Implement group work

• Define lower management tasks

What do contingency plans prepare for?

• Routine operations

• Long-term strategies

• Unforeseen events

• Daily management