FA 5 T or F Flashcards
Stakeholders must always be involved in all decisions.
False
A project is a unique endeavor designed to produce a specific result
True
Policies are considered standing plans.
True
Effective planning eliminates the risk of failure in all organizational activities.
False
SWOT analysis is used to identify internal and external factors affecting the organization.
True
Flexibility in planning allows the organization to adapt to changes.
True
The evaluation of alternatives in planning involves analyzing their feasibility and impact.
True
Budgeting is an example of an operational plan.
True
Operations plans address day-to-day production and operational activities.
True
Project plans do not require the approval of stakeholders.
False
In the absence of planning, an organization can still operate effectively.
False
Planning helps in decision-making by providing a structured approach.
True
Resource allocation is not part of the implementation phase of planning.
False
Planning is the foundation of all other management functions.
True
Strategic planning focuses on long-term objectives and overall organizational goals.
True
Clear and measurable goals are essential for successful projects.
True
Projects are always collaborative and require team members to work together.
True
Operational planning ensures that day-to-day tasks are aligned with broader organizational goals.
True
Planning is a one-time activity that does not require revision.
False
Developing contingency plans is not a component of planning.
False
