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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 mission and vission
A written description of the nature of the business.
15
2. Competitive advantage is when a business has special capabilities of a company that other don't have.
True
False
15
3. Strategic planning is about
short term and identifies specific goals and activities
Organizing
long term and provides broad goals and direction for the business.
Planning
15
4. Internal Analysis is about the................?
Opportunities and threats
Strengths and weaknesses
Threat
Opportunity
15
A mission is.....................
management styles
short specific statement of the business purpose.
the companies reason for existing.
levels of management
15
Operational plans are based on a businesses .............
How to achieve goals
Never achieving goals.
Strategic planes and are developed after the strategic plan is completed.
Autocratic leader
15
A budget is a written financial plan that
Surplus
Income
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.......................
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.
sequence of steps to be followed for performing a specific task
getting the objective achieved
Goal Setting
15
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