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CGAP International - Domain III - Government Auditing Skills and Techniques | Questions with 100% Correct Answers | Verified

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What are the two types of management? What are their definitions? - Autocratic Management: - Managers make decisions themselves - Issue orders without seeking input/no regard for feelings Participative Management: - Managers use democratic approach - Seek out and incorporate input when making decisions - Workers help set goals/objectives What does strategic planning mean in government? - Strategic planning is the process of making decisions about how to achieve an entity's mandates and goals and determining the resources required to accomplish those goals What are the four steps in the strategic planning process? - Step 1: Develop one or more general statements that address what the entity aims to achieve, in the form of mission, goals, and objectives Step 2: Develop specific plans, a method for achieving those plans, and resource allocations. Plans should be SMART

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