400 CHAPTER 2 REVIEW

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Questions and Answers

One of the first things that must be done in the planning process is to determine the __________ of the organization.

  • Performance history
  • Current status (correct)
  • Long-term vision
  • Organizational chart

The resources required for the organization's operational plans in monetary terms are referred to as the __________.

  • Operational plan
  • Financial strategy
  • Budget (correct)
  • Capital requirements

A process of determining how an organization accomplishes its goals and objectives is________________.

  • Organizing
  • Planning (correct)
  • Controlling
  • Implementing

Measurable specifics that must be accomplished in total, or in some combination, to achieve the goals in the plan are___________________.

<p>Objectives (A)</p> Signup and view all the answers

The purpose of planning is to:

<p>All of the above (D)</p> Signup and view all the answers

A well-thought-out __________ is focused on the reasons for the organization's existence. It should be clear, concise, and realistic.

<p>Mission statement (B)</p> Signup and view all the answers

Short-range plans (usually 1 year or less) are also referred to as __________.

<p>Operational plans (C)</p> Signup and view all the answers

Charts that show jobs to be done on the vertical axis and time allocations on the horizontal axis are known as __________ charts.

<p>Gantt charts (B)</p> Signup and view all the answers

A __________ sequences significant events, incorporating yes or no decisions, but without a time dimension.

<p>Flowchart (A)</p> Signup and view all the answers

Staff costs account for approximately 80-85% of the budget for most jurisdictions.

<p>80-85% (C)</p> Signup and view all the answers

The __________budget focuses on how much is spent and for what purpose, rather than the activity affected.

<p>Line-Item (D)</p> Signup and view all the answers

When making a budget presentation, good ______ will keep you and your audience on track, hold interest, and make key points more memorable.

<p>Visual aids (D)</p> Signup and view all the answers

You are required to determine the number of residential appraisers needed to physically inspect 29,900 single-family residential properties in 1 year to equalize neighborhoods in your area. Each appraiser can inspect 13 properties per day. The typical workweek is 5 days, and annually there are 11 holidays, 10 vacation days, 4 sick leave days, and 5 days of training. How many appraisers are required?

<p>10 (C)</p> Signup and view all the answers

Area B of your jurisdiction has 3,200 commercial properties that must be reviewed within the next 6 months. During this time, there are 5 scheduled holidays. Typical vacation days for the year are 10, annual sick leave is 5 days, and training is 4 days. The typical workweek is 5 days. The assessor will hire 4 appraisers, each capable of reviewing 8 properties per day. What is your time estimation to complete the review, and will the assessor complete the job in the time available?

<p>100 days; Yes (B)</p> Signup and view all the answers

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