Loading...
Менеджмент 1 курс. Functions Unit 1 + Unit 2 REVISION
Quiz by Татьяна Титова
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Planning is made to achieve desired objective of business.
Planning identifies the action that would lead to desired goals quickly & economically.
Plans can be described as looked-for results and they offer standards against which work outcomes are measured.
As future can be predicted with 100% accuracy, planning helps management to prepare for risks by necessary provisions to meet unexpected turn of events.
Planning leads to proper utilization of men, money, materials, methods and machines.
Plans that encompass a particular operational area of the organization are called strategic plans.
Plans do not always reflect real situations in spite of the sophisticated techniques of forecasting because future is unpredictable.
According to Henry Fayol, what are the key functions of management?
What does planning involve in an organization?
Why is formal planning important?
What is the primary benefit of planning for managers and non-managers?
How does planning help in reducing uncertainty?
What role does planning play in controlling?
What are the essential elements of planning?
Why is it important for organizations to have multiple goals?
What are strategic plans?
What is the difference between specific and directional plans?
What does the acronym KPI stand for?
What is the primary purpose of a KPI?
Why are KPIs useful for managers?
What is an example of a KPI for a social media team?
Which type of KPI focuses on long-term goals?
What does a leading KPI measure?
What is a benefit of using KPIs?
What is a qualitative KPI?
What does the 'T' in SMART stand for?
What is the primary purpose of using the SMART structure when creating KPIs?
Decision-making is just choosing among several alternatives.
Problem identification is always objective.
Having identified all alternatives a decision maker implements them.
Managers may reassess the environment in case of a long-term decision.
What is the first step in the decision-making process?
Why is it important to identify decision criteria in the decision-making process?
What should a decision maker do if the decision criteria are not equally important?
What is the purpose of analyzing alternatives in the decision-making process?
What is the final step in the decision-making process?
Why is it important to evaluate the effectiveness of a decision?
