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Chapter 4 - Second Quizz chapter 4

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