Question 1

Planning offers all of the following advantages EXCEPT:
A) a guarantee of success.
B) Helping us to sharpen our focus.
C) Increasing our flexibility.
D) avoiding complacency.

Accepted Answer

Planning does not guarantee success as there are external factors that can impact the outcome. However, planning can increase the likelihood of success by preparing for potential obstacles and opportunities. The other options are advantages of planning.

Question 2

A(n) __________ is a statement of intended means for accomplishing objectives.
A) plan
B) schedule
C) objective
D) idea

Accepted Answer

A plan is a statement of intended means for accomplishing objectives. A schedule is a more specific plan that outlines specific times for completing tasks, while an objective is a specific goal to be achieved. An idea is a general concept or thought that does not necessarily include intended means for accomplishing objectives.

Question 3

Most people are comfortable with a time horizon of:*
A) one week.
B) three months.
C) one year.
D) five years.

Accepted Answer

B

Question 4

Objectives should be measurable and __________.
A) specific
B) share a loftier goal
C) a well-kept secret
D) easily accomplishable

Accepted Answer

Objectives should be specific so that progress towards them can be measured and evaluated. They should also be realistic and achievable, but not so easily accomplishable that they are not a challenge. Additionally, objectives should be known and communicated to all relevant parties, rather than being kept as a secret. While objectives may align with a larger, overarching goal, they should still be distinct and measurable in their own right.

Question 5

Stretch goals are __________.
A) impossible to meet
B) good exercises
C) only for the very best employees
D) difficult and challenging, but achievable

Accepted Answer

Stretch goals are meant to be challenging and require effort to achieve, but they are still possible and achievable with hard work and dedication. They are often used to push individuals or teams to reach their full potential and strive for excellence.

Question 6

A process by which one establishes lower-level objectives in order to meet higher-level objectives is called _____________.*
A) objective analysis
B) strategic analysis
C) a hierarchy of objectives
D) a chain of command

Accepted Answer

This process is known as creating a hierarchy of objectives, where the higher-level objectives are broken down into smaller, more specific lower-level objectives. This allows for a clear strategic plan to be developed and for each objective to be achieved in a step-by-step manner. Options A, B, and D are not accurate descriptions of this process.

Question 7

The process of monitoring task accomplishments and taking corrective action is called __________.
A) controlling
B) planning
C) leading
D) organizing

Accepted Answer

Controlling is the process of monitoring task accomplishments and taking corrective action to stay on track towards achieving the goals and objectives. Planning is the process of setting goals and objectives, leading is the process of providing guidance and support to achieve those goals, and organizing is the process of arranging resources to accomplish the goals.

Question 8

Specific results that one wishes to achieve are called _________.
A) measurements
B) plans
C) objectives
D) end points

Accepted Answer

The specific results that one wishes to achieve are called objectives. Measurements refer to the data used to calculate progress towards achieving objectives. Plans are the strategies used to achieve objectives, and end points refer to the final outcomes of achieving objectives.

Question 9

Which of the following is NOT one of the four functions of management?
A) Planning
B) Controlling
C) Organizing
D) All of the above are functions of management.

Accepted Answer

The question presents four options, all of which are functions of management. Therefore, the correct answer is D, which states that all of the above options are functions of management.

Question 10

Which of the following is the fourth step in the planning process?
A) Implementing the plan
B) Making the plan
C) Defining objectives
D) Developing premises regarding future conditions

Accepted Answer

The fourth step in the planning process, after defining objectives, developing premises regarding future conditions, and decision making, is making the plan. This involves formulating the strategies, policies, programs, procedures, and budgets necessary to achieve the objectives.

Question 11

Allocating and arranging resources in order to accomplish a task is called __________.
A) controlling
B) planning
C) leading
D) organizing

Accepted Answer

Allocating and arranging resources is a key function of organizing in a management context. Planning involves setting goals and formulating strategies, leading involves inspiring and directing individuals to achieve those goals, and controlling involves monitoring progress and making adjustments as necessary.

Question 12

Plans that identify the long-term direction for the organization, including a vision of what and where the organization wants to be in the longer-term, are called __________ plans.
A) extended
B) operational
C) strategic
D) lofty

Accepted Answer

Strategic plans are long-term plans that provide direction to the organization, including a vision of where the organization wants to be in the future. Extended is not a commonly used term for planning, operational plans are shorter term plans that focus on day-to-day operations, and lofty is not a technical term for planning.

Question 13

When setting goals, step one of the planning process should include:*
A) getting the mundane, trivial things planned first.
B) focusing on easy goals to build momentum.
C) keeping your eye on the past in order to know what you have accomplished.
D) defining your objectives, so that you know where you want to go.

Accepted Answer

Defining your objectives is an essential first step in goal setting as it helps you clarify what you want to achieve and sets the direction for your plan. Without clear objectives, it can be difficult to create a meaningful plan and measure progress towards achieving your goals. Getting mundane or trivial things planned first or focusing on easy goals may lead to a lack of direction and purpose. Keeping your eye on the past may be useful for reflection and learning, but it is not as valuable as establishing clear objectives when setting goals.

Question 14

A statement that clarifies the purpose of the organization and expresses what it hopes to be in the future is called a(n) __________.*
A) operational plan
B) vision statement
C) strategic plan
D) tactical plan

Accepted Answer

A vision statement is a clear and inspiring statement that outlines the desired future state or goal of an organization. It helps to guide decision-making and motivates employees to work towards a common goal.

Question 15

The last of the four management functions, control, actually begins with:
A) a good organization.
B) a well-developed plan to measure against.
C) inspired leadership to develop commitment.
D) inspired direction.

Accepted Answer

Control is the process of measuring actual performance against the developed plan in order to ensure that goals are being achieved. Therefore, a well-developed plan to measure against is essential for effective control.

Question 16

The process of setting goals and objectives and determining how to accomplish them is called __________.
A) organizing
B) planning
C) leading
D) controlling

Accepted Answer

The process of setting goals and objectives and determining how to accomplish them is known as planning. The other choices (organizing, leading, controlling) are all parts of the management process that come after the planning stage.

Question 17

The management function of planning involves:*
A) allocating and arranging resources.
B) guiding the efforts of human resources.
C) setting goals and objectives.
D) monitoring task accomplishments.

Accepted Answer

The planning function involves setting goals and objectives, determining the resources needed to achieve them, and developing strategies to accomplish them. Allocating and arranging resources, guiding human resources, and monitoring task accomplishments are all important management functions, but they are not specifically involved in the planning function.

Question 18

Plans that cover a year or less are called __________ plans.
A) medium
B) strategic
C) short-range
D) long-term

Accepted Answer

A plan that covers a year or less is generally considered short-term or short-range. Medium plans typically cover two to three years, while strategic plans often cover three to five years. Long-term plans cover five years or more.

Question 19

Plans that usually cover three years or more are called __________.
A) medium
B) operational
C) short-range
D) long-range

Accepted Answer

Plans that usually cover three years or more are called long-range plans, as they focus on achieving larger, more strategic goals over an extended period of time. Medium plans generally cover 1-3 years, whereas short-range plans usually cover up to a year and are more focused on immediate goals and actions. Operational plans are more specific and detailed plans that outline the processes and activities required to achieve short-term objectives.

Question 20

Guiding and motivating others to achieve high levels of performance is called __________.
A) planning
B) organizing
C) leading
D) controlling

Accepted Answer

Leading refers to the process of guiding and motivating others to achieve high levels of performance. Planning involves setting goals and objectives, organizing involves arranging and allocating resources, and controlling involves evaluating performance and taking corrective action.

Quiz 5: Plans and Planning Techniques: Get There Faster With Objectives

Planning offers all of the following advantages EXCEPT:

A(n) __________ is a statement of intended means for accomplishing objectives.

Most people are comfortable with a time horizon of:*

Objectives should be measurable and __________.

Stretch goals are __________.

A process by which one establishes lower-level objectives in order to meet higher-level objectives is called _____________.*

The process of monitoring task accomplishments and taking corrective action is called __________.

Specific results that one wishes to achieve are called _________.

Which of the following is NOT one of the four functions of management?

Which of the following is the fourth step in the planning process?

Allocating and arranging resources in order to accomplish a task is called __________.

Plans that identify the long-term direction for the organization, including a vision of what and where the organization wants to be in the longer-term, are called __________ plans.

When setting goals, step one of the planning process should include:*

A statement that clarifies the purpose of the organization and expresses what it hopes to be in the future is called a(n) __________.*

The last of the four management functions, control, actually begins with:

The process of setting goals and objectives and determining how to accomplish them is called __________.

The management function of planning involves:*

Plans that cover a year or less are called __________ plans.

Plans that usually cover three years or more are called __________.

Guiding and motivating others to achieve high levels of performance is called __________.