Planning

Which of the following is not a function of management?

• Forecasting

• Planning

• Marketing

• Controlling

What is the main purpose of planning in an organization?

• To eliminate uncertainty completely

• To create detailed financial statements

• To define goals and strategies for achieving them

• To hire more employees

What is the key difference between strategic and operational plans?

• Strategic plans focus on day-to-day operations, while operational plans focus on long-term goals

• Strategic plans apply to the entire organization, while operational plans focus on specific areas

• Operational plans deal with financial performance, while strategic plans deal with employee management

• Operational plans are developed by top management, while strategic plans are created by employees

How does planning help managers?

• By reducing uncertainty and ensuring efficiency

• By eliminating the need for decision-making

• By making employees work harder

• By increasing the number of company meetings

What does planning help to minimize in an organization?

• Employee retention

• Waste and redundancy

• Competition

• Product development

What are the two primary categories of organizational goals?

• Operational and personal goals

• Strategic and financial goals

• Production and efficiency goals

• Short-term and employee goals

Which of the following is a characteristic of standing plans?

• They are used once for a specific project

• They are discarded after completion

• They provide long-term guidance and consistency

• They cannot be modified once established

What is an example of a single-use plan?

• A company’s long-term vision statement

• A marketing strategy for a seasonal product launch

• Employee dress code policies

• Guidelines for employee promotions

What do means-ends chains help organizations achieve?

• A clear separation between different levels of management

• A network where lower-level goals help accomplish higher-level goals

• An increase in external hiring

• A reduction in financial risks

What is the difference between stated goals and real goals?

• Stated goals are always achieved, while real goals are rarely achieved

• Stated goals are official statements, while real goals are the actual priorities reflected in actions

• Real goals are publicized in company reports, while stated goals remain private

• Real goals are only financial, while stated goals are strategic