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Chapter 4 - Second Quizz chapter 4
Game Code: 530707
English
10
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1. A business plan is......................?
A goal setting approach
Strategic planning
A written description of the nature of the business.
A written description of the mission and vission
15
2. Competitive advantage is when a business has special capabilities of a company that other don't have.
False
True
15
3. Strategic planning is about
short term and identifies specific goals and activities
Planning
Organizing
long term and provides broad goals and direction for the business.
15
4. Internal Analysis is about the................?
Opportunities and threats
Threat
Opportunity
Strengths and weaknesses
15
A mission is.....................
the companies reason for existing.
levels of management
short specific statement of the business purpose.
management styles
15
Operational plans are based on a businesses .............
Strategic planes and are developed after the strategic plan is completed.
Never achieving goals.
How to achieve goals
Autocratic leader
15
A budget is a written financial plan that
Income
Surplus
Expenses
is set for a specific period of time to see how a business will spend money
15
Is a schedule a time plan for reaching objectives?
False
True
15
A Standard is.......................
open leader
IS a specific saying or slogan
specific measure against something that is judged.
democratic
15
A procedure is a
guideline in making decisions.
Goal Setting
sequence of steps to be followed for performing a specific task
getting the objective achieved
15
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