QUESTIONS WITH SOLUTIONS GRADED A+
●● Identify a benefit of strategic planning.
a. Provides steps to increase the effective capacity of the operation to
meet the requirements
b. Provides developed steps to identify inefficiencies in the operation
and production sector of an organization
c. Provides control mechanisms to assure effective implementation of
the actions at the middle or lower level of management
d. Provides a framework and a clearly defined direction to guide
decision making at all levels throughout the organization.
Answer: d. Provides a framework and a clearly defined direction to
guide decision making at all levels throughout the organization
●● _____ improves communication among management and the board
of directors, shareholders, and other interested parties in an organization.
a. Tactical planning
b. Strategic planning
c. Operational planning
d. Contingency planning.
Answer: b. Strategic planning
,●● Identify the type of planning used to develop multiple-year plans
based on a situational analysis, competitive assessments, and external
factors of the organization.
a. Operational planning
b. Functional planning
c. Strategic planning
d. Contingency planning.
Answer: c. Strategic planning
●● The _____ of an organization makes long-term decisions and has an
ultimate responsibility for strategic planning.
a. chief executive officer (CEO)
b. chief information officer (CIO)
c. chief financial officer (CFO)
d. chief technical officer (CTO).
Answer: a. chief executive officer (CEO)
●● . _____ strategic planning begins by identifying and analyzing key
problems that face the organization, setting strategies to address those
problems, and identifying projects and initiatives that are consistent with
those strategies.
a. Organic
b. Issues-based
, c. Goals-based
d. Contingency.
Answer: b. Issues-based
●● What is the key function of organic strategic planning?
a. To define an organization's vision and values
b. To identify and analyze key issues faced by an organization
c. To perform SWOT (strengths, weaknesses, opportunities, and threats)
analysis of an organization
d. To prepare a historical perspective that summarizes an organization's
development.
Answer: a. To define an organization's vision and values
●● Which strategic planning begins by performing a situation analysis to
identify an organization's strengths, weaknesses, opportunities, and
threats?
a. Issues-based strategic planning
b. Goals-based strategic planning
c. Organic strategic planning
d. Contingency strategic planning.
Answer: b. Goals-based strategic planning