Importance of Planning in Goal Achievement

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What is the timeframe typically associated with long-term planning?

3-5 years

5-10 years (correct)

1-2 years

15-20 years

Which of the following is NOT a focus area of long-term planning according to the text?

Detailed investment

Financial strategy

Yearly budgeting (correct)

Commercial policies

What is one of the key purposes of long-term planning as mentioned in the text?

Allocating resources for immediate actions

Setting yearly budget targets

Anticipating future problems and evolutions (correct)

Identifying short-term goals only

In what way does medium-term planning differ from long-term planning?

Covers strategies for 3-5 years Signup and view all the answers

Which of the following does long-term planning NOT typically address?

Yearly budget allocations Signup and view all the answers

What should be consistent among the various levels of planning according to the text?

Goals and measures Signup and view all the answers

What is the main purpose of a Master Plan?

To guide future evolutions based on certain assumptions Signup and view all the answers

What differentiates a Master Plan from a Business Plan?

Clear answers to who pays for new investments Signup and view all the answers

Why should a Master Plan be updated regularly?

To reflect the evolving economy and transport market Signup and view all the answers

What should a rail Business Plan include according to the text?

Analysis of socio-economic environment and transport market tendencies Signup and view all the answers

Why do rail Business Plans vary considerably from one country to another?

Influence of diverse economic factors Signup and view all the answers

What aspect should be clearly addressed whenever a new investment or expense is suggested in planning?

'Who pays the bill?' Signup and view all the answers

What may be a consequence of a decision to lower tariffs and increase traffic without availability of rolling stock?

Short-term benefits and long-term negatives Signup and view all the answers

In the context of railway planning, what is emphasized in Business Plans?

Organizational, economic, and financial aspects Signup and view all the answers

What does successful planning in the railway sector need to be characterized by?

Flexibility and adaptability Signup and view all the answers

How are Master Plans different from Business Plans in railway activity planning?

Master Plans contain analysis of investment, technical equipment, organization, and finance Signup and view all the answers

What is the main purpose of a Master or Business Plan in railway system development?

To suggest evolution and development of various components with higher efficiency Signup and view all the answers

Why may failure to respond timely to external changes in the railways sector be disastrous?

Because it may result in negative consequences Signup and view all the answers

Importance of Planning in Goal Achievement

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