Planning 01

Why is planning considered a crucial part of management?

• It focuses solely on financial outcomes.
• It eliminates the need for employee training.
• It allows for spontaneous decision-making.
• It helps in reducing uncertainty and minimizing waste.

What is the primary purpose of planning in an organization?

• To determine objectives and organizational goals
• To create a budget for operational expenses
• To evaluate employee performance
• To establish a hierarchy of management roles

What is a key benefit of establishing goals during the planning process?

• They reduce the need for strategic planning.
• They eliminate the need for operational plans.
• They ensure that all employees are satisfied.
• They provide a standard for controlling and assessing work efforts.

What is the relationship between planning and controlling in management?

• Planning and controlling are unrelated processes.
• Controlling is more important than planning.
• Without planning, controlling cannot be effectively implemented.
• Planning is optional, while controlling is mandatory.

How do goals differ from plans in an organizational context?

• Goals are short-term achievements, while plans are long-term strategies.
• Goals are targets to reach, while plans are the steps to achieve those targets.
• Goals are only set by upper management, while plans can be created by any employee.
• Goals are actions taken to achieve objectives, while plans are the desired outcomes.

How do short-term plans differ from long-term plans?

• Short-term plans are always more expensive to implement.
• Short-term plans are only created by top management.
• Short-term plans focus on immediate objectives, while long-term plans focus on broader goals.
• Short-term plans are less detailed than long-term plans.

What is the characteristic of comprehensive planning?

• It is limited to financial planning.
• It focuses only on short-term objectives.
• It covers the entire organization.
• It is only applicable to operational areas.

Which of the following best describes strategic plans?

• They are created by mid-level managers.
• They establish the organization’s overall goals.
• They are narrow in scope and apply to specific areas.
• They are only relevant for short-term objectives.

Which type of plan is designed to apply to a specific unit or area within an organization?

• Comprehensive plans
• Strategic plans
• Operational plans
• Single-use plans

What distinguishes single-use plans from other types of plans?

• They are always long-term in nature.
• They are only stated once and apply to specific situations.
• They are used repeatedly over time.
• They are created by lower-level management only.