Exam 8: Foundations of Planning

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The conflict in stated goals exists because organisations respond to a variety of ________.

(Multiple Choice)
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Informal planning is only ever undertaken at the lowest levels in an organisation.

(True/False)
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Because planning cannot eliminate change and uncertainty, it is often a waste of time.

(True/False)
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What should a person do to understand what the real objectives of the organisation are?

(Multiple Choice)
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Objectives are goals.

(True/False)
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Long-term planning involves planning for a period that is above seven years.

(True/False)
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All organisations define short-term planning as planning for one year or less.

(True/False)
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When management has sufficient hard data, it prefers what type of forecasting technique?

(Multiple Choice)
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Buying a competitor's product for evaluation is a form of environmental scanning.

(True/False)
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Managers have ________ success in forecasting trends and outcomes accurately.

(Multiple Choice)
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In the Management by Objectives (MBO)system ________.

(Multiple Choice)
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The ________ of the planning process contributes more to high performance than does the ________ of planning.

(Multiple Choice)
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According to the textbook, ________ plans provide focus but do not lock managers into specific goals or courses of action.

(Multiple Choice)
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Directional plans have clearly defined objectives.

(True/False)
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An organisation that states, 'People are our most valuable asset,' and then proceeds to lay off 20 per cent of its workforce, has revealed its ________ objective.

(Multiple Choice)
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The ________ concept states that plans should extend far enough to see through current commitments.

(Multiple Choice)
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In order to be successful, an organisation should follow what advice concerning objectives?

(Multiple Choice)
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Three contingency factors cited by your textbook that affect planning are level in the organisation, length of future commitments and ________.

(Multiple Choice)
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Qualitative forecasting uses the judgment and opinions of knowledgeable individuals.

(True/False)
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The three identified differences between strategic and operational plans are ________.

(Multiple Choice)
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