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PLACE Business Education: Planning as a Management Function Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Which of these describes how often a mission statement should be reviewed?

Question 2 2. A procedure that details how to take an inventory is an example of a(n) _____ plan, while a promotional advertisement is an example of a(n) _____ plan.

Question 3 3. Why is a tactical plan relevant for the functioning of each company?

Question 4 4. Which of the following is true of planning?

Question 5 5. The four types of plans a manager will use include

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Question 6 6. Once the important questions are answered during the SWOT analysis, managers can begin to place the strengths, weaknesses, opportunities, and threats in the appropriate quadrant of the _____.

Question 7 7. Why is it important for companies to evaluate managerial decisions using a SWOT Analysis?

Question 8 8. When assessing an organization's external environment a manager is concerned with

Question 9 9. Which of these describes the purpose of planning?

Question 10 10. This type of plan is designed with the entire organization in mind and begins with an organization's mission.

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Question 11 11. Which group of people are expected to be able to identify with and commit to upholding the mission statement?

Question 12 12. Where does planning fall in the order of managerial functions?

Question 13 13. A full understanding of the mission statement is especially important for this group of people:

Question 14 14. Which of these is considered an advantage of planning?

Question 15 15. Jessica has just conducted a SWOT analysis of her firm. What should her next steps be?

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Question 16 16. When assessing an organization's internal environment a manager is concerned with

Question 17 17. Which of these is identified in a company's mission statement?

Question 18 18. Jennifer is starting a new business and begins by writing her mission statement. Why is it important for Jennifer to write a mission statement?

Question 19 19. Ricky is a new employee with years of experience in planning. He is committed to the processes and creates a plan that looks one week into the future. Which of his characteristics would be considered a barrier to effective planning?

Question 20 20. Managers use operational plans to _____.

PLACE Business Education: Planning as a Management Function Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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