Basic Managerial Planning Quiz

Basic Managerial Planning Quiz

University

34 Qs

quiz-placeholder

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Basic Managerial Planning Quiz

Basic Managerial Planning Quiz

Assessment

Quiz

World Languages

University

Practice Problem

Medium

Created by

Khánh Linh Nguyễn Phạm

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34 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in the basic planning process?

evaluating the possible alternatives

implementing a course of action

setting an objective

comparing options

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following is NOT part of the basic managerial planning process?

evaluation of best options

establishment of clear objectives

implementation of the plan

building corporate hierarchies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term indicates the course of action for getting from where you are to where you want to go?

goal

plan

proposition

assessment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A course of action that a firm can pursue to achieve its strategic aims is known as a ___.

vision

goal

strategy

mission

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are steps involved in the strategic management process EXCEPT

evaluating the firm’s internal and external situation

asking, 'Where are we now as a business?'

formulating a new business direction

offshoring low-skill jobs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following provides a summary of a firm’s intended direction and shows, in broad terms, 'what we want to become'?

mission statement

strategic plan

vision statement

marketing plan

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The sales director at WebMD is calculating annual sales revenue targets and the number of new medical-related content providers that the firm needs to maintain a competitive advantage. In which step of the strategic management process is the sales director involved?

evaluating the firm’s internal and external strengths

defining the business and its mission

choosing specific strategies or courses of action

evaluating the strategic plan

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