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WorksheetsLesson 5 Planning Quiz
Total questions: 20
Worksheet time: 11mins
Which is not true about planning?
Planning is a continuous process
Planning is an intellectual exercise
Planning hinders other management functions
Planning is a key function in management
This means the vision is achievable and realistic
Desirable
Easy to communicate
Feasible
Focused
This refers to the purpose of existence of a business entity. It answers the question why the company exist?
Goals
Mission
Vision
Objectives
This refers to a long term structured plan that has an intangible and non-measurable characteristics
Goals
Objectives
Vision
Mission
This type of plan comes from the company CEO or President and usually a broad plan related with the company Vision, Mission and Values?
Contingency Plan
Strategic Plan
Operational Plan
Tactical Plan
A type of plan which is created by frontline or lower-level managers were strategic procedures and processes are implemented to achieve a certain objective
Strategic Plan
Contingency Plan
Tactical Plan
Operational Plan
State the company want to achieve and where it want to go in the future. This challenges the people and the management of the company to work hard.
Goals
Vision
Mission
Objectives
"To achieve an average daily sales of 250,000 for the month of December 2020 ". This is an example of ________?
Vision
Mission
Goals
Objectives
This is a type of plan that focus more on budget and resources allocation and goals with specific deadlines
Contingency Planning
Strategic Planning
Tactical Planning
Operational Planning
A special plan created for unexpected scenarios or change.
Contingency Plan
Operational Plan
Strategic Plan
Operational Plan
Which statement is not true about Mission statement?
A good mission statement identifies the company’s products and service’s
Mission emphasize target market that it wants to serve
Mission identifies the customers needs that the company seeks to satisfy
Mission is easy to understand , articulated and can be simplified into a powerful slogan.
All except one are characteristics of a Vision Statement
Focused
Feasible
Graphic
Satisfy customer needs
A plan prepared for crisis like fire and natural disasters like earthquakes and typhoons.
Contingency Plan
Crisis Management Plan
Scenario Planning
Special Rescue Operation Plan
The company formulates plans for both positive and negative scenarios that may arise from the implementation of plans.
Special Events Operational Plan
Contingency Planning
Scenario Planning
Crisis Management Plan
This refers to a comprehensive and detailed plan that is formulated since it will be the backbone of subsequent plans.
functional strategy
Corporate Strategy
Lower level Management Plan
operational strategy
Mr. Garcia the Assistant Restaurant manager proposed the promotion of selective staff to supervisory level during the Annual Planning. This activity refers to what ?
Operational Strategy
Physical Resources
Human Resources
Financial Resources
This strategy is a narrower and more focused strategy formulated by low-level managers or frontline supervisors
Corporate strategy
functional strategy
Operational Strategy
general business strategy
This is concerned with building a competitive advantage for a single business unit of a diversified company
Corporate strategy
functional strategy
Operational Strategy
general business strategy
All are member of the Top level management except?
Vice President for Marketing
President
Chief Operating Officer
Group Manager
Which statement is not true regarding a diversified company with multiple businesses?
Corporate Strategy is made by the CEO and other members of the top management
Diversified company usually creates similar corporate strategy for all its business units.
Corporate strategy create general business strategy that will create the business units competitive advantage
A diversified company is composed of multiple business unit.
