Management Planning and Decision Making Quiz

What is the primary function of planning in management?

• Conducting market research

• Setting goals and strategies

• Hiring new staff

• Evaluating employee performance

Which of the following is NOT a benefit of planning?

• Establishes goals

• Increases redundancy

• Reduces uncertainty

• Provides direction

What type of plan applies to the entire organization?

• Operational plan

• Single-use plan

• Strategic plan

• Standing plan

What is the time frame for long-term plans?

• Less than one year

• One to three years

• More than three years

• Indefinite

What is a characteristic of specific plans?

• They provide general guidelines

• They are flexible and adaptable

• They are used for ongoing activities

• They have clearly defined objectives

What is the first step in the decision-making process?

• Evaluate decision effectiveness

• Analyze alternatives

• Identify a problem

• Select an alternative

In decision-making, what are decision criteria?

• The outcomes of a decision

• The alternatives considered

• The final choice made

• Factors important to resolving a problem

What is a programmed decision?

• A decision made under uncertainty

• A unique and nonrecurring decision

• A repetitive decision handled by routine

• A decision requiring extensive analysis

What is the purpose of Management by Objectives (MBO)?

• To set mutually agreed-upon goals

• To evaluate market trends

• To increase employee turnover

• To reduce operational costs

What type of problem is characterized as straightforward and familiar?

• Unstructured problem

• Structured problem

• Complex problem

• Ambiguous problem