Which one of the following planning dominates managers’ planning efforts at lower levels of the organization?

• A) Corporate
• B) Strategic
• C) Tactical
• D) Operational

The task of getting all activities done on time, within budget, and according to specifications is:

• A) None of the given
• B) Project scheduling
• C) Project planning
• D) Project management

Which one of the following is the future end results that usually set by middle management for specific department or unit?

• A) Strategic goals
• B) All of the given options
• C) Operational goals
• D) Tactical goals

A well-designed goal should be:

• A) Identifiable to even the first-line supervisors
• B) Written in terms of outcomes rather than actions
• C) Short and very specific about expected outcomes
• D) Specific and within a manageable time frame

A technique to find that total revenue will be sufficient to cover total cost is called:

• A) Sales force composite
• B) Breakeven analysis
• C) Revenue budget
• D) Scenario analysis

The aspect of a strategy that specifies the range of markets in which an organization will compete is known as:

• A) Resource deployment
• B) Effective strategy
• C) Distinctive Competency
• D) Scope

An organization with outdated technology is experiencing what type of internal factor?

• A) Threat
• B) Strength
• C) Weakness
• D) Opportunity

What does distinctive competence refer to in SWOT analysis?

• A) The general efficiency of an organization
• B) The ability to copy competitors' strategies
• C) Unique strengths that allow an organization to outperform its rivals
• D) The ability to maintain the status quo in a competitive market

__________ are large scale action plans of an organization for interacting with environment in order to achieve long term goals.

• A) Strategic goals
• B) Actions
• C) Strategies
• D) Objectives

All of the following are the examples of the actions that can be taken in strategy implementation stage EXCEPT:

• A) Taking corrective action when needed
• B) Changing organization's pricing strategy
• C) Transferring managers among divisions
• D) Developing new employee benefits

Which of the following is a general statement or understanding that guide or channelize thinking in decision making?

• A) Project
• B) Rule
• C) Policy
• D) Procedure

The set of strengths, characteristics and qualities including skills, technologies, or resources that distinguish a firm from its competitors is called:

• A) Scope
• B) Resource deployment
• C) Distinctive Competency
• D) Effective strategy

A plan developed to carry out a course of action that is not likely to be repeated in the future is called:

• A) Directional plan
• B) Reaction plan
• C) Specific plan
• D) Single-use plan

ABC Company has been offering the same quality beauty products for the last 10 years, with no plans for change. Which type of strategy is the company using?

• A) Combination
• B) Growth
• C) Retrenchment
• D) Stability

Which of the following identifies the order of activities to be performed in order to achieve a particular goal?

• A) Break-even analysis
• B) Budgeting
• C) Linear programming
• D) Scheduling

Which of the following statement describes a Procedure?

• A) A specific goal that, once reached, will most likely not recur in the future
• B) Is a general guideline
• C) A prescribed series of related steps to be taken under certain recurring circumstance
• D) All of the given

Which one of the following technique is a quantitative tool for planning that can be used to solve resource allocation problems?

• A) Breakeven analysis
• B) Budgeting
• C) Project management
• D) Linear programming

Which one of the following is a prescribed series of related steps to be taken under certain recurring circumstances?

• A) Project
• B) Policy
• C) Procedure
• D) Rule

Goals are often called which of the following?

• A) A lot of other names by various organizations
• B) Managements’ do or die objectives
• C) The foundation of planning
• D) The basis for all the other functions

A skill and capability held by numerous competing firms is called:

• A) Distinctive competencies
• B) Competitive edge
• C) Common strength
• D) Competitive parity