Business Planning Process Quiz
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Questions and Answers

Which one of the following is NOT a step in the planning process?

  • Evaluating results
  • Identifying alternatives
  • Implementing the plan (correct)
  • Setting objectives

    • Which of the following is an example of a strategic plan?

  • A plan to improve customer service in the next month
  • A plan to hire new employees for the upcoming project
  • A plan to increase sales by 10% in the next quarter (correct)
  • A plan to purchase new equipment for the production line

    • What is the purpose of a contingency plan?

  • To identify potential risks and develop strategies to mitigate them (correct)
  • To outline the steps for implementing a new strategy
  • To allocate resources for different projects
  • To evaluate the performance of employees

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