Exam 8: Planning Processes and Techniques

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___ is a management function that guides the efforts of human resources to ensure high levels of task accomplishment.

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Which of the following is true of planning?

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Which of the following statements best distinguishes between procedures and policies?

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When job performance is difficult to quantify, performance objectives can be stated as ___.

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___ is the process of setting objectives and determining how to accomplish them.

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Nimble Industries operates as a labelling and packaging supplier within the consumer package good industry. Nimble has observed that a lot of its growth is going to come from overseas customers. It recognized that hosting locations throughout the world to ease workflow processes for its customers would be integral to its international success. Nimble will need to hire ___ to make this growth to happen.

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In which phase of the planning process would one choose the alternative to accomplish one's objectives and describe what must be done to follow the best course of action?

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Forecasting is a process of making quantitative or qualitative predictions about what will happen in the future; yet in the final analysis, forecasting is subject to error because it always relies on human judgment and interpretation.

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A fixed budget is defined as one that allocates a fixed amount of resources for a specific purpose.

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___ identifies alternative courses of action to take when things go wrong.

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In business, tactical plans often take the form of operational plans that indicate how different components of the enterprise will contribute to the overall strategy.

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Operational plans define what needs to be done in specific functions or work units to implement strategic plans and achieve strategic objectives.

(True/False)
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Morrison Associates, a law firm, encourages its lawyers to learn from each other about how they can handle their cases better. It encourages the lawyers to share their best practices and collectively work toward meeting the objectives of the firm. This is an example of ___.

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Company FUN, a toy manufacturer, has discovered that one of its suppliers has used lead based paint on one of its products. It is Thanksgiving week. The executive committee has assembled a team to devise a plan to mitigate the issue. FUN is using ___.

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Which of the following types of budgets plot anticipated sales or revenues against expenses?

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Identify and briefly describe each of the five major planning tools and techniques that managers use.

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Which of the following statements about focus is correct?

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Which level of management spends more time with long-range planning?

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Which of the following is true about the use of staff planners?

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In the planning process, ___ are the specific results or desired outcomes that one intends to achieve.

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