Planning

What is the main purpose of planning?

• To create confusion

• To avoid decision making

• To waste resources

• To achieve a desired goal

Which of the following is NOT a reason why managers plan?

• Goal Setting

• Risk Assessment

• Creating chaos

• Resource Allocation

What does SMART stand for in goal setting?

• Strategic, Manageable, Achievable, Realistic, Timely

• Simple, Measurable, Achievable, Relevant, Time-bound

• Specific, Manageable, Actionable, Relevant, Timely

• Specific, Measurable, Achievable, Relevant, Time-bound

What type of plan focuses on day-to-day operations?

• Contingency Plans

• Operational Plans

• Tactical Plans

• Strategic Plans

Which type of goal is achieved within a year?

• Personal Goals

• Long-term Goals

• Financial Goals

• Short-term Goals

What is a characteristic of effective goals?

• Unmeasurable

• Specific

• Ambiguous

• Vague

What does the Bottom-Up Approach in goal setting involve?

• Goals set by higher management

• Goals developed by lower-level employees

• Goals set by external consultants

• Goals set by a single individual

What is the purpose of environmental scanning?

• To create confusion

• To monitor external factors

• To ignore external factors

• To identify internal weaknesses

Which of the following is an example of a contingency plan?

• Marketing campaigns

• Daily work schedules

• Product development projects

• Emergency response plans

What is the first step in developing a plan?

• Analyze the situation

• Define the objectives

• Implement the plan

• Review and revise