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Chapter 4 - Second Quizz chapter 4
Game Code: 530707
English
10
Public
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1. A business plan is......................?
A written description of the nature of the business.
Strategic planning
A written description of the mission and vission
A goal setting approach
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
long term and provides broad goals and direction for the business.
Organizing
15
4. Internal Analysis is about the................?
Strengths and weaknesses
Opportunity
Threat
Opportunities and threats
15
A mission is.....................
levels of management
the companies reason for existing.
management styles
short specific statement of the business purpose.
15
Operational plans are based on a businesses .............
Strategic planes and are developed after the strategic plan is completed.
Autocratic leader
How to achieve goals
Never achieving goals.
15
A budget is a written financial plan that
Income
Surplus
is set for a specific period of time to see how a business will spend money
Expenses
15
Is a schedule a time plan for reaching objectives?
True
False
15
A Standard is.......................
IS a specific saying or slogan
open leader
democratic
specific measure against something that is judged.
15
A procedure is a
guideline in making decisions.
getting the objective achieved
Goal Setting
sequence of steps to be followed for performing a specific task
15
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