Exam 8: Foundations of Planning

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When we categorise plans as being single use versus standing, we categorise them by ________.

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C

Informal planning is ________.

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B

Which of the following techniques is typically used when precise data is limited or hard to obtain?

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B

Which of the following is another term for an integrated network of objectives?

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The effect of planning on managers is that it forces them to do which of the following?

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Competitor intelligence allows managers to do which of the following?

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If a manager wanted to predict next quarter's sales on the basis of four years of previous sales data, she would probably use ________.

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In a short essay, describe the various criteria on which organisations' plans can differ.Next, provide a brief analysis of each criterion as it applies to organisational planning.

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What type of forecasting technique relies on the judgment and opinion of knowledgeable individuals?

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An organisational plan that has a six-year time frame would be considered what type of plan?

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Developing an acquisition plan after a recent takeover is an example of a single-use plan.

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Forecasting techniques fall into what two categories?

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According to the textbook, organisations need at least ________ years of systematic formal planning before performance is impacted.

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A top-down chain is an integrated network of objectives.

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Official statements of what an organisation says and what it wants its various stakeholders to believe are referred to as ________.

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In a short essay, list and discuss the five steps in the goal-setting process.

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What type of plan covers less than one year?

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Strategic plans tend to include a time period of usually ________.

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The commitment concept means that plans should extend far enough to meet those commitments made today.

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Plans that are flexible and set out general guidelines are of little use in a modern organisation.

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