CHAPTER 3-5

Question 1

Provides a methodological way of achieving desired results.

Answer 1

Plan

Question 2

According to Nickels and others, this refers to “the management function that involves anticipating future trends and determining the best strategies and tactics to achieve organizational objectives”.

Answer 2

Planning

Question 3

TOP MANAGEMENT LEVEL

Answer 3

STRATEGIC PLANNING

Question 4

INTERMEDIATE PLANNING

Answer 4

MIDDLE MANAGEMENT LEVEL

Question 5

LOWER MANAGEMENT LEVEL

Answer 5

OPERATIONAL PLANNING

Question 6

Refers to the process of determining the major goals of the organization and the policies and strategies for obtaining using resources to achieve those goals.

Answer 6

STRATEGIC PLANNING

Question 7

Refers to “the process of determining the contributions that submits can make with allocated resources.”

Answer 7

INTERMEDIATE PLANNING

Question 8

Refers to “the process of determining how specific tasks ca best be accomplished on time with available resources.”

Answer 8

OPERATIONAL PLANNING

Question 9

Defined as “the precise statement of results sought, quantified in time and magnitude, where possible.”

Answer 9

GOALS

Question 10

Defined as “a course of action aimed at ensuring that the organization will achieve its objectives. It is also the ways to realize the goals.

Answer 10

Strategies

Question 11

Is a short term action taken by management to adjust to negative internal or external influences.

Answer 11

Tactic

Question 12

defined as “a quantitive or qualitative measuring device designed to help monitor the performances of people, capital goods, or processes.”

Answer 12

standard

Question 13

Type of Plans

Answer 13

Marketing Plan, Production plan, Financial Plan, and Human Resource Management Plan

Question 14

This is the written document or blueprint for an organization’s marketing activities

Answer 14

Marketing Plan

Question 15

this is a written document that states the quantity of output a company must produce in broad terms and by product family.

Answer 15

Production Plan

Question 16

it is a document that summarizes the current financial situation of the firm, analyzes financial needs, and recommends a direction for financial activities.

Answer 16

Financial Plan

Question 17

It is a document that indicates the human resource needs of a company detailed in terms of quantity and quality requirements.

Answer 17

Human Resource Management Plan

Question 18

Plans intended to cover period of less than one year

Answer 18

SHORT RANGE PLANS

Question 19

plans covering a time span of more than one year

Answer 19

LONG RANGE PLANS

Question 20

used again and again, they focus on managerial situations.

Answer 20

STANDING PLANS

Question 21

Refers to the “strategic statement that identifies why and organization exists”

Answer 21

Company or Corporate Mission

Question 22

2 Effective Planning

Answer 22

recognize the planning barriers and use aids to planning