Deck 12: Comprehensive Planning and Accountability Documentation

Question 1

A SWOT analysis is associated with _______________________.

A) budgeting for long range plans
B) due diligence reports
C) project proposals
D) strategic plan

Answer 1

D

Question 2

Articles of incorporation and the related bylaws for an independent business would typically include all of the following, EXCEPT:

A) the legal name of the corporation
B) annual budget projection for the current year
C) provision for distribution of assets when the business is dissolved
D) frequency of required meetings of the executive board

Answer 2

B

Question 3

The __________ is/are the foundational document(s) detailing the purpose of the business, its product or service, its clients, and its revenue.

A) strategic plan
B) articles of incorporation
C) DDR
D) business plan

Answer 3

D

Question 4

The __________ is a condensed version of the detailed annual report. In this abridged version, major topics are highlighted for rapid perusal.

A) executive summary
B) major project proposal
C) business plan
D) milestone summary

Question 5

A strategic plan usually lays out the desired outcomes for a long period of time (e.g., several years).

Question 6

The initial strategic plan is usually completed after the organization has moved out of the youth stage of the life cycle and well into the middle-age phase of the life cycle.

Question 7

Licensure and accrediting agencies are given access to the annual reports if they request these documents.

Question 8

When a full-time employee plans to open his own private practice on weekends while continuing as a weekday employee with his regular employer, he is free to do so without consulting the full-time employer.

Question 9

A due diligence report is carried out on an annual basis.

Question 10

Once it has been approved by the governing board, a due diligence report is generally distributed to all employees.