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WorksheetsChapter 4 Quiz Review
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
Should a business plan include a detailed financial analysis showing the potential profitability of the firm?
a)
Yes
b)
No
2.
Are all business managers involved in planning in some way?
a)
Yes
b)
No
3.
Do plans serve as guides for decision making?
a)
Yes
b)
No
4.
Does planning usually result in more communication and coordination problems in business?
a)
Yes
b)
No
5.
Is long term planning that provides broad goals and directions for the entire business known as operational planning?
a)
Yes
b)
No
6.
Is external analysis the first step in strategic planning?
a)
Yes
b)
No
7.
Is the development of a business plan an example of strategic planning?
a)
Yes
b)
No
8.
Is a policy more specific than a procedure?
a)
Yes
b)
No
9.
In general, is the span of control larger at the lower levels of an organization than at the higher levels?
a)
Yes
b)
No
10.
In an effective organization, do most employees have more than one supervisor from who they receive job assignments?
a)
Yes
b)
No
11.
Which of the following would not be a part of strategic planning?
a)
mission
b)
goals
c)
strategies
d)
department work assignments
12.
To be effective, goals should be
a)
general rather than specific
b)
slightly higher than can be achieved
c)
independent from others
d)
meaningful
13.
One type of a financial planning tool is a
a)
goal
b)
budget
c)
standard
d)
schedule
14.
Guidelines used in making decisions regarding specific, recurring situations are known as
a)
policies
b)
procedures
c)
goals
d)
standards
15.
The management function responsible for arranging resources and relationships among departments and employees is
a)
planning
b)
organizing
c)
implementing
d)
controlling
16.
An illustration that shows the structure of an organization and the relationships among workers and the divisions of work is
a)
a schedule
b)
a strategic plan
c)
an organization chart
d)
an operational plan
17.
Companies that have started using work teams and that involve employees in planning have found that span of control...
a)
must be decreased
b)
can be increased
c)
is not needed
d)
is not effective
18.
The organization in which all authority and responsibility can be traced directly from the top executive to the lowest employee is known as...
a)
line organization
b)
line and staff organization
c)
matrix organization
d)
decentralized organization
19.
Specialists are available to give advice in which of the following organizations?
a)
Line organization
b)
Line and staff organization
c)
Group organization
d)
Matrix organization
20.
A few top managers do all major planning and decision making in a
a)
line organization
b)
line and staff organization
c)
centralized organization
d)
decentralized organization
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