Exam 2: Fundamentals of Planning

Of the various managerial functions, planning is probably most closely related to controlling.

Anticipating alternative future situations and developing courses of action for each alternative is ____ planning.

As part of the planning process, future contingencies must be considered.

How do organizational objectives permit unified planning?

Contingency planning means:

A ____ outlines the steps to be performed when a particular course of action is taken.

Objectives should be as vague as possible.

____ are what you want to accomplish-the focus toward which plans are aimed.

A policy is a guide to decision making.

What is the importance of setting objectives?

Top-level managers plan for a longer time frame than supervisory-level managers do.

Contingency planning means doing what you have to as problems arise.