1.7 Organisational Planning Tools

 Objectives are 

• The major goals of an organization
• What a business wants to achieve
• The purpose for a firm's existence 
• Qualitative statements of a firm's strategic direction

What is the term used to describe what an organization exists for and what it intends to achieve?

• Business plan

• Business objectives

• Mission statement

• Vision statement

• Yoonisms

What are the opposing forces indicated by Force-Field analysis?

• For and Against

• Refinement and Daring

• Driving and Restraining

• Pluses and Minuses

• Haruka and Yazuka

An example of a restraining force is

• wider market (spreads operational risk)

• improved profitability

• access to new expertise

• cost of convincing shareholders to approve

A disadvantage of Decision Trees is they are...

• Easier interpretation of the decision to prevent misunderstandings or confusion.

• Easy and straightforward calculations to aid decision-making

• Easy accessibility for all users to make rational/scientific decisions

• Provides a quantitative tool in decision-making.

• Based on estimated figures only and the actual outcomes may well be very different.

Ishikawa's Cause and Effect diagram is also known as

• Force Field analysis

• Fish-Bone Analysis

• Force-Bone Analysis

• SWOT Analysis

The image is an example of

• A tabel.

• A figurine

• A Gantt chart

• A Gant chart

• A checklist

What command term is the most likely for a Decision Tree question?

• Construct

• Explain

• Indicate

• Suggest

• Complete

Identify the advantages of doing this?

• It is a Visual model

• It can help to identify the shortest time to complete a project

• It encourages managers to consider all the tasks before undertaking a project

• It is a simplistic and easily comprehensible table that is easy to show many stakeholders

• All of the above

Why would this answer for a Decision Tree only get 5 out of 6?

• Calculation error

• The Decision Nodes and Choice Nodes are in the wrong place.

• The probability figures do not add up to 100%

• There is no key or legend.

• Because the marking scheme is too difficult to get all 6 marks.