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Management Chapter III and IV Quiz

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Questions and Answers

What is the main purpose of planning in an organization?

To establish goals and standards for controlling (correct)

To increase uncertainty

To discourage managers from looking ahead

To create unnecessary redundancy

Which type of plan describes the day-to-day running of the company?

Strategic plan

Tactical plan

Operational plan (correct)

Contingency plan

What are single use plans in the context of planning?

Plans designed for ongoing activities

Plans without a specific timeline

Plans created for events with a single occurrence (correct)

Plans that are constantly revised and updated

What is the purpose of ongoing plans in an organization?

To include policies for approaching problems Signup and view all the answers

What is the significance of developing appropriate strategies in planning?

To provide direction to managers and non-managers alike Signup and view all the answers

What is the characteristic of operational plans (OP)?

They are created for events with a single occurrence Signup and view all the answers

What is the primary focus of strategic planning?

Defining a mission and casting a vision Signup and view all the answers

What is the main difference between tactical planning and operational planning?

Tactical plans ask 'how', operational plans ask 'what' Signup and view all the answers

When is contingency planning essential?

When unexpected changes occur Signup and view all the answers

What are the important components of a strategic plan?

Mission, vision, and values Signup and view all the answers

Which step comes after 'Determining alternative course of Action' in the planning process?

Evaluating the alternatives Signup and view all the answers

What is the primary focus of tactical planning?

Breaking down the strategic plan into actionable chunks Signup and view all the answers

What does the foundation of planning consist of?

Desired outcomes and the difference between goals & objectives Signup and view all the answers

What scope does tactical planning typically cover?

One year Signup and view all the answers

What type of plans are made when something unexpected happens or when something needs to be changed?

Contingency planning Signup and view all the answers

What is the primary purpose of operational plans?

To support strategic planning Signup and view all the answers