1. It is a basic purpose of an organization and the range of its operations;

2. The following pertains to the operational plan, except?

3. Whatis the type of plans that are clearly stated and which have no room forinterpretation, and the language used must be very understandable?

4. GoodwillFoundation helps homeless people with the money raised by selling donated products from their stores. What is the form of organization of Goodwill?

5. Bennyis the Owner of XY Merchandising that buys and sells its product to the customer. He decided to keep all the profit and spend some or all of it on the business itself. What is form of organization does ben have?

6. A business organizational form with a flexible design, where the employees continuously work on projects assigned to them;

7. What is a comprehensive plan for the entire organization covering time frame, specific purpose, frequency of use, and others?

8. The following pertains to the strategic plan, except?

9. What is the form of organizations that exhibit dual reporting relationships in which managers report to two superiors-the functional managers and the divisional manager?

10. What is the 3rd phase of economic development?

11. The following are the impact of the commercial economy on economic development, except?

12. It is the final stage of economic development.

13. What phase of economic development in which farmers have a little surplus of wealth for use in the health and education of their family with an additional crop of production?

14. .__________is an economy that is wholly dependent on the self-provisioning of the community.

15. What is an economy where output is more than needed to consume to survive?

16. Boundarylessbusiness organization is made up of a small group of full-time workers and outside experts who are hired on a temporary basis to work on assigned projects; members usually communicate online.

17. Goals succeed plans because knowing the desired targets is a must before establishing plans for reaching them.

18. Open/flexible business organizations formed to meet today’s changing work environment.

19. Operational plans are plans that are flexible or give general guidelines only; although flexible and general, plans must still be related to the strategic plans

20. In a project business structure, the projects may be short-term or long-term and members unite when the project is completed.

21. Comparativenessrefers to the completeness of planning coverage it may start from plans, that cover the entire organization, called strategic plans, up to operational plans that apply to a particular operational area only.

22. Specification refers to very detailed, clearly defined plans wherein objectives are clearlystated and could easily be understood.

23. Plans are actions or means that the administrators/managers intend to use to achieve organizational goals.

24. Visiona mental image of what the organization will be in the present, as desired by the company management and employees.

25. Economic growth is the continuous, intensive actions of policymakers and communities to advance the standard of living and economic health of a particular area.

26. Plans that cover one year or less; such plans must lead toward the attainment of long-term goals and are the responsibility of the unit/department heads.

27. plans that are ongoing; provide guidance for different activities done repeatedly; refer to the identified activities of operational plans.

28. plans that establish the organization’s overall goals and apply to the entire firm; they are broad in scope and are the responsibility of the organization's president or Chief Operating Officer, and several managers.

29. is a collection of people working together to achieve a common purpose in relation to their organization’s mission, vision, goals, and objectives, sharing a common organizational culture.

30. a nation’s economy that is making headway toward becoming advanced.