Planning Quiz

The first step in planning is:

• Developing Premises

• Setting Objectives

• Identifying Alternatives

• Follow-up

SMART objectives are used in planning. “M” stands for:

• Manageable

• Measurable

• Meaningful

• Motivational

Which of the following is an example of a planning premise?

• Sales target

• Government policies

• Production schedule

• Training program

Identifying multiple courses of action refers to:

• Formulating derivative plans

• Selecting alternatives

• Identifying alternatives

• Evaluating alternatives

Cost-benefit analysis is mainly used in which step of planning?

• Implementing plan

• Setting objectives

• Evaluating alternatives

• Developing premises

A plan chosen should be:

• Flexible and economical

• Only cost effective

• Temporary

• Unrelated to objectives

Which of the following is a derivative plan?

• Strategic plan

• Finance plan

• Long-term plan

• Expansion plan

Follow-up in planning is essential to:

• Prepare policies

• Compare actual with planned results

• Identify objectives

• Select alternatives

Strategic plans are generally prepared by:

• Middle-level managers

• Top-level managers

• Lower-level managers

• Employees

Time frame of tactical plans is usually:

• 5–10 years

• 1–3 years

• Less than 1 year

• 20 years