MGT 100- Chapter 8, Foundations of
Planning fully solved
Short term plans are____. - correct answer ✔✔covering one year or less.
Strategic plans ____. - correct answer ✔✔cover five years or more.
________ identify general guidelines. They provide focus but do not lock management into
specific objectives or specific courses of action. - correct answer ✔✔Directional plans.
In traditional objective setting, ________. - correct answer ✔✔objectives are set at the top and
then broken down into subgoals for each level of an organization.
Competitive intelligence refers to ________. - correct answer ✔✔gathering information about
competitors that allows managers to anticipate competitors' actions rather than merely react to
them.
________ are desired outcomes or targets. - correct answer ✔✔Objectives
Standing plans _______. - correct answer ✔✔provide guidance for activities performed
repeatedly.
A ________ is specifically designed to meet the needs of a unique situation. - correct answer
✔✔single-use plan
________ includes specific objectives that are formulated covering a period of years. - correct
answer ✔✔Formal planning
Planning fully solved
Short term plans are____. - correct answer ✔✔covering one year or less.
Strategic plans ____. - correct answer ✔✔cover five years or more.
________ identify general guidelines. They provide focus but do not lock management into
specific objectives or specific courses of action. - correct answer ✔✔Directional plans.
In traditional objective setting, ________. - correct answer ✔✔objectives are set at the top and
then broken down into subgoals for each level of an organization.
Competitive intelligence refers to ________. - correct answer ✔✔gathering information about
competitors that allows managers to anticipate competitors' actions rather than merely react to
them.
________ are desired outcomes or targets. - correct answer ✔✔Objectives
Standing plans _______. - correct answer ✔✔provide guidance for activities performed
repeatedly.
A ________ is specifically designed to meet the needs of a unique situation. - correct answer
✔✔single-use plan
________ includes specific objectives that are formulated covering a period of years. - correct
answer ✔✔Formal planning
