Business Management - Chapter 4 Test
Questions with Correct Answers 2025
BusinessEPlanE-ECORRECTEANSWERE-
AEwrittenEdescriptionEofEtheEnatureEofEtheEbusiness,EitsEgoalsEandEobjectives,EandEhowEtheyEwillEbeEachieve
d.
StrategicEPlanningE-ECORRECTEANSWERE-Long-
termEandEprovidesEbroadEgoalsEandEdirectionEforEtheEentireEbusiness.
OperationalEPlanningE-ECORRECTEANSWERE-Short-
termEandEidentifiesEspecificEgoalsEandEactivitiesEforEeachEpartEofEtheEbusiness.
SWOTEanalysisE-ECORRECTEANSWERE-
ExaminationEofEtheEorganization'sEinternalEStrengthEandEWeaknessesEasEwellEasEtheEexternalEOpportunitie
sEandEThreats.
MissionE-ECORRECTEANSWERE-AEshort,EspecificEstatementEofEtheEbusiness'sEpurposeEandEdirection.
VisionE-ECORRECTEANSWERE-TheEcompany'sEreasonEforEexisting
GoalE-ECORRECTEANSWERE-AEspecificEstatementEofEaEresultEtheEbusinessEexpectsEtoEachieve.
BudgetE-ECORRECTEANSWERE-
AEwrittenEfinancialEplanEforEbusinessEoperationsEdevelopedEforEaEspecificEperiodEofEtime.
ScheduleE-ECORRECTEANSWERE-AEtimeEplanEforEreachingEobjectives
StandardE-ECORRECTEANSWERE-AEspecificEmeasureEagainstEwhichEsomethingEisEjudged
PoliciesE-ECORRECTEANSWERE-GuidelinesEusedEinEmakingEdecisionsEregardingEspecific,ErecurringEsituations.
Questions with Correct Answers 2025
BusinessEPlanE-ECORRECTEANSWERE-
AEwrittenEdescriptionEofEtheEnatureEofEtheEbusiness,EitsEgoalsEandEobjectives,EandEhowEtheyEwillEbeEachieve
d.
StrategicEPlanningE-ECORRECTEANSWERE-Long-
termEandEprovidesEbroadEgoalsEandEdirectionEforEtheEentireEbusiness.
OperationalEPlanningE-ECORRECTEANSWERE-Short-
termEandEidentifiesEspecificEgoalsEandEactivitiesEforEeachEpartEofEtheEbusiness.
SWOTEanalysisE-ECORRECTEANSWERE-
ExaminationEofEtheEorganization'sEinternalEStrengthEandEWeaknessesEasEwellEasEtheEexternalEOpportunitie
sEandEThreats.
MissionE-ECORRECTEANSWERE-AEshort,EspecificEstatementEofEtheEbusiness'sEpurposeEandEdirection.
VisionE-ECORRECTEANSWERE-TheEcompany'sEreasonEforEexisting
GoalE-ECORRECTEANSWERE-AEspecificEstatementEofEaEresultEtheEbusinessEexpectsEtoEachieve.
BudgetE-ECORRECTEANSWERE-
AEwrittenEfinancialEplanEforEbusinessEoperationsEdevelopedEforEaEspecificEperiodEofEtime.
ScheduleE-ECORRECTEANSWERE-AEtimeEplanEforEreachingEobjectives
StandardE-ECORRECTEANSWERE-AEspecificEmeasureEagainstEwhichEsomethingEisEjudged
PoliciesE-ECORRECTEANSWERE-GuidelinesEusedEinEmakingEdecisionsEregardingEspecific,ErecurringEsituations.