PLANNING AND DECISION MAKING

Which of the following BEST describes PLANNING as a management function?

• Planning is the process of organizing resources.
• Planning is the process of controlling and monitoring activities.
• Planning is the process of evaluating performance and providing feedback.
• Planning is the process of setting goals, defining objectives, and determining the best course of action to achieve them.

Which of the following is NOT TRUE about planning?

• Planning helps in decision-making.
• Planning is a spontaneous and unplanned activity.

• Planning is a time-consuming process.
• Planning involves setting goals and objectives.

Which of the following is TRUE?

• Planning is a single-phased activity.

• Planning is independent from the other management function.

• Planning is a continuous process.

• Planning is a secondary management function.

Which of the following is an example of an objective?

• to increase sales

• to increase profit by 10% at the end of the fiscal year

• to promote using digital and traditional marketing strategies

• to purchase equipment for the operations department

All of the following are characteristics of organizational goals, EXCEPT:

• measurable

• broad

• comprehensive

• non-concrete

Which of the following is an example of a mission statement?

• To be the leading supermarket in the area

• To create value and make a difference to young people

• To put personal computers in every home

• To be the best food cart in the whole region

Which of the following is NOT a characteristic of an effectively-worded vision statement?

• Focused

• Ambiguous

• Directional

• Feasible

These are single-used plans usually done by frontline or low-level managers?

• contingency plans

• tactical plans
• operational plans
• strategic plans

These are long term plans usually crafted by the top management.

• strategic plans
• contingency plans

• operational plans
• tactical plans

This type of contingency plan is made in preparation for any kind of calamities or disasters such as earthquake or flood.

• crisis management plan

• scenario contingency plan

• natural disaster contingency plan
• emergency contingency plan