Planning

Question 1

planning, according to ——————–, refers to the management function that involves anticipating future trends and determining the best strategies and tactics to achieve organizational objectives.

Answer 1

nickels and others

Question 2

according to ———————, planning is define as the selection and sequential ordering of tasks required to achieve an organizational goal.

Answer 2

aldag and stearns.

Question 3

according to —————-, planning provides a better guide on how to effectively perform this vital activity.

Answer 3

cole and hamilton

Question 4

planning according to them is deciding what will be done, who will do it, where, when, and how it will be done, and the standards to which it will be done.

Answer 4

cole and hamilton

Question 5

is define as selecting the best course of action so that the desired result may be achieved.

Answer 5

planning

Question 6

refers to the process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals.

Answer 6

strategic planning

Question 7

refers to the process of determining the contributions that subunits can make with allocated resources

Answer 7

intermediate planning

Question 8

is designed to support strategic planning

Answer 8

intermediate planning

Question 9

refers to the process of determining how specific task can best be accomplished on time with available resources.

Answer 9

operational planning

Question 10

top management

Answer 10

-chief
-executive officer
-president
-vice presidents
-general managers
-division heads

Question 11

strategic planning horizon

Answer 11

1-10 yrs

Question 12

middle management

Answer 12

-functional managers
-product line managers
-department heads

Question 13

intermediate planning horizon

Answer 13

6 months to 2 yrs

Question 14

lower management

Answer 14

-unit managers
-first line supervisors

Question 15

operational planning horizon

Answer 15

1 week to 1 yr

Question 16

defined as a quantitative or qualitative measuring device designed to monitor the performances of people, capital goods, or processes.

Answer 16

standard

Question 17

is the minimum number of units that must be produced by a worker per day in a given work situation.

Answer 17

standard

Question 18

functional area plans (4)

Answer 18

-marketing plan
-production plan
-financial plan
-human resource management plan

Question 19

is the written document or blueprint for implementing and controlling an organization’s marketing activities related to particular marketing strategy.

Answer 19

marketing plan

Question 20

is a written document that states the quantity of output a company must produce in broad terms and by product family.

Answer 20

production plan

Question 21

is a document that summarizes the current financial situation of the firm.

Answer 21

financial plan

Question 22

is a document that indicates the human needs of a company detailed in terms of quality and quantity and ased on the requirements of the company’s strategic plan.

Answer 22

human resource management plan

Question 23

plans with time horizon (2)

Answer 23

-short-range plans
-long-range plans

Question 24

plans intended to cover a period of less than one year.

Answer 24

short-range plans

Question 25

plans covering a time span of more than one year.

Answer 25

long-range plans

Question 26

these are mostly undertaken by middle and top management

Answer 26

long-range plans

Question 27

plan according to frequency of use: (2)

Answer 27

-standing plans -single-use plans

Question 28

plans that are used again and again, and they focus on managerial situations.

Answer 28

standing plans

Question 29

standing plans (3)

Answer 29

-policies -procedures -rules

Question 30

are broad guidelines to aid managers at every level in making decisions about recurring situations and function.

Answer 30

policies

Question 31

plans that describe the exact series of actions to be taken in a given situation.

Answer 31

procedures

Question 32

are statements that either require or forbid a crtain action.

Answer 32

rules

Question 33

plans are specifically develop to implement courses of action that are relatively unique and are unlikely to be repeated.

Answer 33

single-use plans

Question 34

single-use plans (3)

Answer 34

-budgets -programs -projects

Question 35

according to ---------------, budget is a plan which sets forth the projected expenditure for a certain activity and explains where the required funds will come from.

Answer 35

weston and brigham

Question 36

single-use plan designed to coordinate a large set of activities.

Answer 36

program

Question 37

single-use plan that is usually more limited in scope than a program and is sometimes prepared to support a program.

Answer 37

project

Question 38

is done so that some results may be achieved.

Answer 38

planning

Question 39

is a methodological way of achieving results.

Answer 39

plan

Question 40

in this type of planning, the whole company is considered, specifically its objectives and current resources.

Answer 40

strategic planning

Question 41

4 planning process

Answer 41

1. setting organizational, divisional, or unit goals 2. devoloping strategies or tactics to reach those goals 3. determining resources needed 4. setting standards

Question 42

defined as the precise statement of results sought, quantified in time and magnitude, where possible.

Answer 42

goals

Question 43

the ways to realize the goals are called?

Answer 43

strategies

Question 44

defined as a course of action aimed at ensuring that the organization will achieve its objectives.

Answer 44

strategy

Question 45

a short term action taken by management to adjust to negative internal or external influences.

Answer 45

tactic

Question 46

the decision about short term goals and the courses of action are indicated in what type of plan?

Answer 46

tactical plan

Question 47

the decision about long range goals and the course of action to achieve these goals.

Answer 47

strategic plan

Question 48

3 types of standing plan

Answer 48

-policies -procedures rules

Question 49

3 types of single-use plans

Answer 49

-budgets -programs -projects

Question 50

2 types of plans with time horizon

Answer 50

-short-range plans -long-range plans

Question 51

4 functional area plans

Answer 51

-marketing plan -production plan -financial plan -human resource management plan

Question 52

2 types of plans according to frequency of use

Answer 52

-standing plans -single-use plans

Question 53

3 parts of the strategic plan

Answer 53

1. company or corporate mission 2. objectives or goals 3. strategies