22 Questions
What is the primary focus of planning, as described in the text?
Looking into the future
Which of the following is NOT a general characteristic of planning according to the text?
Fostering competition
How does planning contribute to organization effectiveness based on the text?
By establishing a basis for all management functions
What should plans in an organization be, according to the text?
Clear, well defined, and easily understood
How does planning in business relate to determining company objectives?
It is concerned with setting company objectives
What is a major planning problem highlighted in the text?
Frequent and unpredictable changes in Nigeria environments
Which issue related to corporate planning is addressed in the text?
Lack of integration of corporate planning into the management system
What contributes to the basis of planning according to the text?
Inadequate data used frequently
Which issue is stated as a challenge in the planning process?
Gap between planner formulation and employee plan implementation
What is a common problem faced in using available data for planning?
Serious thinking and extensive paperwork
What is the main purpose of planning as described in the text?
To ensure goals are specific and action programs exist to achieve them
What distinguishes informal planning from formal planning according to the text?
Formal planning is written and defines specific goals
Which of the following is NOT one of the aspects that planning defines according to the text?
How many
What is a key function of planning described in the text?
Setting control within the organization
Based on the text, why should managers engage in planning?
To adapt to rapid socio-economic changes
In relation to planning, what does formal planning involve according to the text?
Defining specific goals and having action programs to achieve them
What is the primary focus of strategic plans?
Positioning the organization in its environment
What distinguishes long-term plans from short-term plans?
Time frame
Which type of plan allows for flexibility and general guidelines?
Directional plans
What do single-use plans refer to?
One-time plans for unique situations
In the hierarchy of organizations, who is primarily responsible for operational planning?
Middle-Level Managers
As a planner, what is the primary role of Chief Executives according to the text?
Establishing overall goals of the organization
Explore the formulation of policies, programs, and procedures in management, along with the designation of performance and cost standards. Learn about different types of plans based on breadth (strategic plans and operational plans) and time (long-term plans).
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