Question

17. Kiki strongly believes that college students need credit counseling, so she begins a pot- for-profit organization devoted to this need. Kiki is exhibiting A) strategic planning B) the organizing function of managemest C) vision D) strategic management 18. planning guides the current and near-terta activities required to implement overall strategies A) Tactical B) Strategic C) Contingency D) Operational 19. When Jobn sets deadlines for an upcoening project, he is using planning A) operational B) tactical C) strategic D) contingency 20. A bome fumishing store issued a recall nodice about a vase that easily cracks. Befare the notice was.publicly issued, the ccempsny hzd assembled a crisis management team to enact a(n) A) tactica B) contingency C strategic D) operational plan. 21. A written eplanatiom of an organizatioa's business intentions and aims is called a(n) A) SWOT analysis B) strategy for competitive differentiation C) objective D) mission statement 22. Guldeposts hy which imanagers define the organization's desired performance are called A) objectives B) missions oppcrtunities D) standards

Answer 1

Q-17

Answer is option (C) Vision

Kiki identified a problem and first conceptualized a solution, thought through it and then started a not for profit organization. She displayed foresight. She anticipated a situation and worked out a solution. This activity fits into the definition of vision.

Q - 18

Answer is option (A) Tactical

Tactical plan is a short term plan focused on immediate and near future activities and eventually aggregate in to long term strategic plan.

Q - 19

Answer is option (A) Operational

Operational plan breaks a bigger objective into smaller executable, operational plans. Such operational plans are then executed in a synchronized manner to achieve the bigger strategic plan.

Q - 20

Answer is option (B) Contingency

The plan is to take care of a situation that has gone wrong. It's plan enacted suddenly, spontaneously to come out of a specific situation. It's therefore a contingency plan.