Management Functions Quiz
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Questions and Answers

What is the primary purpose of management planning?

  • To set goals and determine how to achieve them (correct)
  • To manage financial resources
  • To create a company culture
  • To assign tasks to employees
  • A tactical plan focuses on long-term goals, typically set for 3-5 years.

    False

    What are the two types of plans mentioned in management functions?

    Strategic Plan and Tactical Plan

    A ________ plan is defined by long-term goals, typically covering a period of 3 to 5 years.

    <p>strategic</p> Signup and view all the answers

    Match the following types of plans with their respective timeframes:

    <p>Strategic Plan = Long-term goals (3-5 years) Tactical Plan = Mid-term goals (1-2 years) Operational Plan = Short-term goals (less than 1 year) Contingency Plan = Plans for unexpected events</p> Signup and view all the answers

    Study Notes

    Management Functions

    • Planning: Establishing targets and outlining strategies to attain them.
    • Strategic Plan: Long-term objectives (3-5 years).
    • Tactical Plan: Medium-term objectives.

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    Description

    Test your understanding of key management functions, including planning, strategic planning, and tactical planning. Evaluate your knowledge of how to set objectives and develop strategies to achieve them. This quiz will cover essential concepts that every manager should know.

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