Bus Mgt Chapter 4: Planning and Organizing ASSESSMENT

Front

In order to be effective, a business plan should always be in writing

Back

True

Front

Top managers (executive and middle managers) in a business are involved in planning, but supervisors are not.

Back

False

Front

Operational planning is short-term planning that identifies specific activities for each area of a business.

Back

True

Front

The results of strategic planning are goals and strategies that guide the entire business.

Back

True

Front

SWOT analysis involves both internal and external investigation.

Back

True

Front

Goals should be stated in broad, nonspecific language to make them easier to reach.

Back

False

Front

Schedules are valuable in planning for the most effective use of capital.

Back

False

Front

Once standards are set in a department, they should not be revised.

Back

False

Front

Procedures can be developed to describe how a policy should be implemented.

Back

True

Front

An organizational chart is a visual device that lists the policies and procedures of a business.

Back

False