MBA Planning and Controlling — practice questions
22 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice MBA Planning and Controlling in the app →The process by which managers set goals and specify how they will be reached is:Plans are said to have two basic components: action statements and:Planning is described as being mainly what kind of activity?Managers are advised to treat planning as part of their:One stated reason managers plan is to offset:A study cited found absenteeism cost companies each year about:How many steps does the planning process described contain?The first step in that process is developing an awareness of the:The second step in that process is establishing:The third step, forming assumptions about the future environment, is called:In the fourth step, managers develop a statement detailing what needs to be done. That is the:The fifth step involves formulating plans that bolster and explain the basic plan. These are:Rules, policies and procedures, used repeatedly for recurring issues, are:Plans developed for unique situations and usually replaced after one use are:Which is one of the three types of that once-only plan?Controls used before work begins, to prevent deviation from the plan, are:Controls used after the product or service is finished, to examine output, are:Controls applied while the work is under way are called:Planning and controlling are described in effective organisations as being:Effective control systems rest, above all, on good:Plans that are placed on a shelf and never revisited show a failure to value:The push for continuous improvement in processes and products came in part from: