Question 1

Objectives should be set such that they can be met through average effort.

Accepted Answer

A) True 
 B)False

Question 2

A _____ is a forecast of expected financial performance over time.

Accepted Answer

A)  budget 
B)  project 
C)  schedule 
D)  program

Question 3

A budget is considered to be a type of standing plan.

Accepted Answer

A) True 
 B)False

Question 4

Supervisors normally do not establish policies, even within their own departments.

Accepted Answer

A) True 
 B)False

Question 5

Discuss important guidelines in setting performance objectives.

Accepted Answer

The answer of Discuss important guidelines in setting performance objectives....

Question 6

What are the three steps in the planning process?

Accepted Answer

The answer of What are the three steps in the...

Question 7

The _____ is used on highly complex, one-time projects.

Accepted Answer

A)  PERT network chart 
B)  Gantt chart 
C)  contingency method 
D)  critical path method

Question 8

Unified planning means that all departments help decide what the plans of the entire organization should be.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following management levels is involved with short-range plans of 1 day, 1 week, or 1 to 6 months?

Accepted Answer

A)  Chief executive officers 
B)  Top managers 
C)  Presidents 
D)  Supervisory managers

Question 10

Which of the following is a planning step that immediately follows the establishment of a goal by a manager?

Accepted Answer

A)  Developing a systematic approach, or plan, to achieve the objective 
B)  Implementing the plan and monitoring its implementation 
C)  Setting an alternative objective as a backup strategy 
D)  Identifying and assessing present and future conditions affecting the objective

Question 11

Because objectives focus attention and effort, it is better to have as many objectives as possible that cover not only the important areas but areas which are less important too.

Accepted Answer

A) True 
 B)False

Question 12

In a hierarchy of objectives, top managers establish goals that reflect the goals of the middle and supervisory management levels.

Accepted Answer

A) True 
 B)False

Question 13

Operational planning:

Accepted Answer

A)  involves the establishment of the organization's mission. 
B)  facilitates the achievement of strategic planning. 
C)  is planning for more than five years into the future. 
D)  is done by the top-managers.

Question 14

Which of the following is the first step in planning?

Accepted Answer

A)  Developing a systematic approach to achieve the objective 
B)  Implementing the plan 
C)  Setting an objective or goal 
D)  Monitoring the plan's implementation

Question 15

Explain hierarchy of objectives.

Accepted Answer

The answer of Explain hierarchy of objectives....

Question 16

Discuss two techniques used for scheduling.

Accepted Answer

The answer of Discuss two techniques used for scheduling....

Question 17

Strategic planning has longer time horizons.

Accepted Answer

A) True 
 B)False

Question 18

Describe the difference/s between standing plans and single-use plans, and give an example of each type of plan.

Accepted Answer

The answer of Describe the difference/s between standing plans and...

Question 19

In any organization, objectives are first needed at the top management level.

Accepted Answer

A) True 
 B)False

Question 20

The _____ identifies work stages on a vertical axis and schedule completion dates horizontally.

Accepted Answer

A)  PERT chart 
B)  Gantt Chart 
C)  pie chart 
D)  flow chart

Exam 2: Fundamentals of Planning

Objectives should be set such that they can be met through average effort.

A _____ is a forecast of expected financial performance over time.

A budget is considered to be a type of standing plan.

Supervisors normally do not establish policies, even within their own departments.

Discuss important guidelines in setting performance objectives.

What are the three steps in the planning process?

The _____ is used on highly complex, one-time projects.

Unified planning means that all departments help decide what the plans of the entire organization should be.

Which of the following management levels is involved with short-range plans of 1 day, 1 week, or 1 to 6 months?

Which of the following is a planning step that immediately follows the establishment of a goal by a manager?

Because objectives focus attention and effort, it is better to have as many objectives as possible that cover not only the important areas but areas which are less important too.

In a hierarchy of objectives, top managers establish goals that reflect the goals of the middle and supervisory management levels.

Operational planning:

Which of the following is the first step in planning?

Explain hierarchy of objectives.

Discuss two techniques used for scheduling.

Strategic planning has longer time horizons.

Describe the difference/s between standing plans and single-use plans, and give an example of each type of plan.

In any organization, objectives are first needed at the top management level.

The _____ identifies work stages on a vertical axis and schedule completion dates horizontally.