BUS1002 Week 3 Review

__________ is the management function that establishes the platform for further managerial efforts.

• Leading

• Planning

• Organising

• Controlling

• Optimisation

__________ is the process of deciding exactly what one wants to accomplish and how to do it.

• Sales forecasting

• Planning

• Needs analysis

• Demand estimation

• Program development

Setting objectives and determining what should be done to accomplish them is the essence of the management function of

• productivity improvement

• controlling

• leading

• organising

• planning

__________ refer to the specific results or desired outcomes that one intends to achieve.

• Guidelines

• Objectives

• Procedures

• Policies

• Alternatives

Which of the following is NOT correct regarding the importance of planning?

• Planning is central to the management process

• Planning is important for staying ahead of the competition

• Planning helps an organisation become better at what it does

• Planning helps an organisation to be action oriented

• Planning eliminates the need for effective leadership

The role of the planning function in the management process is

• to create structures

• to ensure results

• to set direction

• to inspire effort

• All of the above

Which of the following statements about flexibility is correct?

• An organisation with flexibility is willing and able to change and adapt

• An organisation with flexibility operates with an orientation towards the future

• An individual with flexibility factors into career plans the problems and opportunities posed by new and developing circumstances

• All of the above

• None of the above

Scenario planning facilitates control by defining the objectives and

• identifying the specific courses of action to be taken

• creating specialisation among the workers

• improving organisational structures

• developing the human resources

• motivating the workers

Which of the following statements accurately describes planning time horizons?

• Short-range plans cover one year or less into the future.

• Intermediate-range plans cover a time frame of one to two years into the future.

• Long-range plans cover a time frame of three or more years into the future.

• All of the above

• None of the above

__________ plans set broad, comprehensive, and longer-term action directions for the entire organisation.

• Normal

• Single-use

• Strategic

• Tactical

• Operational