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