Planning Function

A Vision Statement is?

• Short term

• Long term

• Informal plan

• Step by step plan

A planning tool that helps a business to not over spend.

• Schedule

• Budget

• Policy

• Procedure

A business plan is used to

• To think through your business ideas

• To find investors in your business

• To develop a marketing strategy

• To do market research

Which planning tool helps a business to define the behaviors of employees?

• Budget

• Schedule

• Procedure

• Standards

The planning acronym DECIDE helps in the __________ processes.

• Decision

• Schedule

• Training

• Hiring

Strategic planning is meant for _________ goals

• Long-term

• Short-term

• Immediate

• part-time

An objective is a ___________ goal

• Short-term

• Strategic

• Long-term

• Distant

The I in the DECIDE acronym stands for

• Identify pros & cons

• Increase options

• Involve stakeholder

• Include budget

A mission statement is used to express a companies

• policies & procedures

• aims & values

• budget & finances

• hiring & training

Operational planning is for ____________ goals.

• Long-term

• Short-term

• Future

• Distant