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CAIB 4 Exam Questions with Correct Answers
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What are the two approaches to planning? Explain each - Answer-1) Top Down Planning - Management provides the mission, strategies, and objectives for the brokerage 2) Bottom Up Planning - Management provides the mission and broad strategies. Leaves the objectives, goals and activities to business units. What are the advantages and disadvantages of top down planning? - AnswerAdvantages: Management feels in control and in charge of decision making. Disadvantages: hard to get buy-in from employees What are the advantages and disadvantages of bottom up planning? - AnswerAdvantages: busines
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