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Planning Function Flashcards | StudBud
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Planning Function
Planning Function
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Questions
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Answers
1
The strategy that means the company will somehowbe cutting back is:
Combination
Growth
Stability
Retrenchment
2
The two main factors
outside
the organization include:
Strengths and Weaknesses
Opportunities and Weaknesses
Strengths and Opportunities
Opportunities and Threats
3
The two main factors
inside
an organization include:
Opportunities and Weaknesses
Opportunities and Threats
Strengths and Opportunities
Strengths and Weaknesses
4
The S in SWOT analysis stands for:
Sucessful
Strong
Sustaniable
Strengths
5
""Better" could be defines as what? (HINT when discussing a competitive advantage)
All of the above
Cheaper
Stronger
Faster
6
Select the best description/definition for the Planning Function.
create a detailed action aimed at an organizational goal
Evaluating results comparing with the goals
Is the first in the process of all managerial functions
Distributing resources according to goals
7
Within this Management Skill, it is described as the ability to work well with others.
Technical
Human
Conceptual
8
Employees are stakeholders for an organization...considered inside/outside the organization?
Inside
Outside
9
Planning is a cycle and a process and never should have to be revisited on the same goal.
False
True
10
SWOT Analysis: A company notices their competition does not have the capability to meet demand
Strength
Threat
Opportunity
Weakness
11
With this Management Skill, someone is able to see the "big picture" and create a vision.
Human
Conceptual
Technical
12
This allows an organization to outline what it is and what it does - defines them.
Mission Statement
Slogan
Vision Statement
Promotion
13
An example of this business sector would be Red Cross who is not in business to just make money
Blood Transfusion
Not for Profit
Medical Supplies
14
The T in the SWOT analysis stands for what word?
Training
Technology
Threat
The big decision
15
Examples of this term within a corporation is investors, employees, customers and suppliers.
Stakeholders
Steakholders
Sockholders
Stockholders
16
According to your reading, a descriptor of an organizations company is a:
Mission Statement
Motto
Slogan
Vision Statement
17
The W in the strategic SWOT analysis stands for:
Weahtly
Weary
Wonderful
Weakness
18
Does the left hand side of the column (customers, suppliers, etc.) fall with inside or outside
Outside
Inside
19
SWOT - XYZ company identifies there is an increase in demand forecasted for their product.
Strength
Weakness
Threat
Opportunity
20
SWOT - Economic slowdown could reduce demand for a specific product.
Stength
Threat
Opportunity
Weakness
21
SWOT Analysis: This company has a strong force in developing new products.
Threats
Opportunities
Weaknesses
Strengths
22
The strategy that means the company is going tomaintain the status quo is:
Growth
Stablity
Combination
Retrenchment
23
The O in the SWOT Analysis stands for:
Occupation
Opportunity
Organization
Outside Stakeholders
24
SWOT Analysis: The company does not have a strong advertising ability.
Strengths
Opportunities
Threats
Weakness