The major functions of management are A. strategic management and long-range planning B. planning and decision making C. identifying threats and opportunities for the firm D. all of the above
Q: Opportunities and threats are: a) identified as part of the firm's tactical planning process. b)…
A: A business organization is surrounded by macro and micro-environment that affect the business…
Q: (Strategic Management) a) Mike and Henry both work in the same company, while Mike holds a much…
A: There are various types of industries and organizations that are active these days. This is possible…
Q: In creating business plan, which is the more important– form ir substance?
A: In order to fund their new firms, founders frequently max up their credit cards or seek out second…
Q: illustrate how the nine (9) elements interact in ascertaining how a business can sustainably…
A: There are mainly four area covering business model canvas that is Customers Financial viability…
Q: You are asked to write a company strategic plan of your choice. The strategic plan should the the…
A: Vital planning represents an efficient, adaptable and persistent interaction to characterize or…
Q: Background: Mr. John Francois, the owner of John Francois Stores has been operating a successful…
A: Management refers to the set of principles associated with the functions of organizing, planning,…
Q: Fast changing environment has forced management to do strategic planning on regular basis. However,…
A: There are many factors acting on the firm which it needs to understand. These are the micro and…
Q: 10. A Properly constructed Balanced Scorecard tells the story of a business unit’s strategy. 11.…
A: Balanced Scorecard : Strategy of organisation: Vision and Mission of general direction:
Q: Which of the following activities is part of strategy implementation? a. Drafting an appropriate…
A: Strategic management is the process of planning, organizing, monitoring, analyzing, and controlling…
Q: Which section of a business plan outlines a management summary of the projected business?Choose one…
A: Meaning of Business Plan A business plan is a written document in which all the basic ideas on which…
Q: Multiple Choic: A.. . is a document that outlines a proposed firm's goals, the strategy for…
A: Dear student as per our guideline we can answer only one question in case of multiple questions…
Q: First-line managers focus on planning, applying plans to daily, weekly, and monthly operations. a)…
A: A business organization is an artificial entity and it has different goals and objectives in an…
Q: A) How is IKEA organized and how can we understand this in the light of the context in which the…
A: IKEA is claimed and worked by a complicated exhibit of not-for-benefit and revenue driven…
Q: prove or disapprove the statement planning is everyone's job in the organization including those in…
A: Planning is the process by which the objectives are determined and the methods and resources to…
Q: This is a proposal used to explain where a business wants to go and how it expects to get there O…
A: A business proposition is sent from a provider to a likely client to win a particular project. It is…
Q: Subject: Strategic management MCQ's Which of the following is NOT true of vision statements? a) A…
A: A vision statement is an associate aspirational statement created by an organization that…
Q: 1.The description of how different levels and employees in the organization must perform for the…
A: Dear student as per our guidelines we can answer only 1 question in case of multiple questions…
Q: Management's handling of the strategy implementation/execution process can be considered successful…
A: Strategy implementation refers to a process of applying various activities within an organization to…
Q: they planned for a year. Identify the most suitable option for the type of plan. O a. Contingency…
A: The correct option is c, that is operational plan. Operational plan defines every task and methods…
Q: A well defined strategy is Select one: O a. the pattern of shared values, behavioral norms, systems,…
A: A well-defined strategy is: that helps the organizations in optimizing the use of resources.…
Q: A test of a good mission statement is its ability to pass the “person on a bus test.” In other…
A: Mission Statement reflect about the company their goal, what they want to do for the society,…
Q: In a SWOT analysis, strengths and weaknesses are factors to the firm, while opportunities and to the…
A: SWOT represents Strengths, Weaknesses, Opportunities, and Threats. Qualities and shortcomings are…
Q: The a description of an organization's values, definition of its responsibilities to stakeholders,…
A: The a description of an organization's values, definition of its responsibilities to stakeholders,…
Q: PLEASE EXPLAIN THIS BRIEFLY.
A: Note: Please submit the second question under the Finance/Accounting subject. The fast-food giant…
Q: Which of the following is true regarding the organizational life cycle? a. Companies pass…
A: ANSWER: OPTION (c) IS THE CORRECT ANSWER.
Q: Which of the following best describes vision? a. visions can help create competitive advantage if…
A: Vision - It is a type of vivid mental image of what the business want to be at a particular period…
Q: _________________ is a systematic way to analyze the products and services that make up an…
A: THE ANSWER IS AS BELOW:
Q: Which of the following is NOT a major element of the strategic management process? Select one: O a.…
A: The strategic management process deals with the development and determination of plans and policies…
Q: Final Business Model and Strategic PlanWrite a 700- to 1,050-word section for your business model…
A: Here, the business model is for Non-emergency taxi service that cater those people who are elderly…
Q: Who is responsible for the overall management and performance of the Company? a. Lower level manager…
A: Management in simple terms means to make things done with the help of people.There are different…
Q: jectives or goals of an organization are derived from its a. strategic plan. b. tactical…
A: Talking about strategic planning then, strategic planning will help the organization in the…
Q: What broad functions do the management of an organization perform? Select one: a. Directing,…
A: Management refers to the process of administrating and coordinating the tasks to achieve a goal.…
Q: 1. sets out the purpose and general direction for the organization? A. Vision B. Purpose statement…
A: Note- We are authorized to answer one question at a time, since you have not mentioned which…
Q: What are the differences between Business Proposals and Executive Summary?
A: Business is аn eсоnоmiс асtivity thаt results in eаrning рrоfit. The асtivities inсlude…
Q: a. Management decides to increase sales growth by 20% next year. b. Management analyzes the impact…
A: First all of let me give you a small explanation of Planning, Directing and Controlling . Planning…
Q: The basic objectives or goals of an organization are derived from its a. standard operating…
A: Goals are the expected results of the business's actions. Objectives manage to be specific, measured…
Q: “The X company is to inspire and nurture the human spirit-one person, one cup and one neighbourhood…
A: Mission statement is not just a statement it is a short statement specifying why an organisation…
Q: 1.Which of the following statements is incorrect about risk and risk management? a.Risk can be…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Middle level managers are responsible to prepare: O a. Strategic plan O b. Intermediate term plan O.…
A: An organization involves three levels of manager middle, lower, and top-level who are responsible to…
Q: 4.1 With the aid of appropriate examples, explain the importance of planning to management.
A: Disclaimer- "Since you have asked multiple questions, we will solve the first question for you. If…
Q: Based on what is ideal such as from books, literatures, published articles, and from the principles…
A: Management Principles Management principles are the overall rules that should be utilized for direct…
Q: As a manager, you are planning to write an annual report on various activities of your organization,…
A: Annual report is a comprehensive and in-depth overview of the financial statement and business…
Q: Executive summary :1-2 paragraph of summary of your plan Situation analysis This section presents…
A: Situational analysis is a strategic action taken where the evaluation of the internal and the…
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- 21) It is the core executive team, CEO, COO, and CTO, that makes decisions on strategy. True or False? True False1. Which of the following statements is incorrect? Facility planning has a short-range component that determines whether more capacity is needed or less. At the aggregate planning level, expected workforce levels and corresponding production output levels are determined based on existing capacity. Scheduling consists of short-term decisions that allocates available capacity by assigning it to specific activities. Scheduling decisions often indicate a need for revised aggregate planning, and aggregate planning may uncover facility needs. Two types of common capacity measures are number of units produced and tons produced. 2. Which of the following statements is incorrect? Two types of common capacity measures are number of customers served over a specified period and physical asset availability. Utilization is the relationship between actual output and input. Utilization = (actual output/capacity) x 100% Utilization is a useful measure for estimating how busy a…In an IMS, an advantage is Select one: a. External audits should be performed only. b. Internal audits should be performed only. c. Identifies objectives and priorities to be met.
- Multiple choice: 6. Scope change control MUST be integrated with all of the following control processes EXCEPT ( ).A. ScheduleB. CostC. ProcurementD. Quality7. In the PDCA cycle of quality management, the function of "D" is ( ).A. transforms quality target values into actual values through input-output activitiesB. take corrective actions to correct the problems or failures in quality inspectionC. determine quality objectives and develop action plans to achieve quality objectivesD. examines the implementation and results of the plan8. As the project enters the execution phase, the project manager learns that the team members are workingovertime doing unanticipated work without a change in scope. What is the most likely reason for thissituation? ( )A. Unclear communications management planB. Insufficient work breakdown structureC. Incorrect estimation in activity durationD. Poor resource planning9. Large and medium-sized engineering projects are composed of several ( ) .A. single…Absenteeism, unmet targets, are signs of poor operational and strategic decisions Select one: True False1) Which of the following translates business plan into productionplanningAPPMPSMRPNone of the Above2) Master production schedule is a medium-range planning and it isused for quantity and timing ofcomponents and raw materialFinished goodsBoth A & B3) The manufacturing strategy which deploys hiring and laying ofworkers in order to match its production rate to demand is calledLevel Production StrategyChase Production StartegyHybrid StrategyNone of the above4) "In a level production strategy, if the firm makes annual 120,00units per annum, the permonth production can be estimatted by""120,00 /12""120,00 / 365"The information is not complete5) The Bill of material is an engineering documments that showsinclusive listing and sub-components to be used for end productTRUEFALSE6) A lead capacity usually increases or decreases its capacity in anticipation of demand, this is known as "Match strategyLead Capacity StrategyLag capacity strategy7) The most important output of MRP isBOMPlanned…
- The senior management team at ABC Corp. are assessing where a recent project went wrong. There were issues at all areas of management but the item that most strongly suggests that there may have been planning failures is ________. Question 14 options: A) the controlling issues the project experienced were commonly experienced by other project leaders in this industry B) suppliers of components for the project had to produce at maximum capacity which turned out to be impossible C) even if planning had been effective, the project would have failed due to management style D) there was a failure to monitor production output E) two employees who were assigned to the project couldn't stand each other33 The business function is defined as "planning, organization, execution, coordination and control activities in order to bring together the materials, machinery and human resources in the hands of the enterprise in a way that will ensure that a certain amount of goods or services are produced at the desired quality, at the desired time and at the lowest possible cost". which one? a) Production B) Financing NS) Human Resources D) Marketing TO) management14 Uncommitted inventory that is physically on-hand is called ______. a ready-to-buy b ready-to-sell c made-to-stock d available-to-promise 15 Which system calculates materials, subassemblies, and components required for end item production? a production planner b master production schedule c capacity requirements planning d materials requirements planning 16 What is the process that identifies which parent item has generated requirements for a component called? a where-used analysis b splitting c pegging d netting
- “MRP just prepares shopping lists. It does not do the shopping or cook dinner.” Comment.Many automobiles can be ordered in one of two engine sizes (examples are theLincoln LS, the Lexus Coupe, and the Jaguar S Type) but are virtually identical inevery other way. How might these automakers use the concept of postponement intheir production planning?Part I. True/False Questions. (1) ______ A linear PMLC model consists of a number of dependent phases that are executed in a sequential order with no feedback loops. (2) _____ The purpose of the planning process group is to develop and gain approval of a general statement of the goal and business value of the project. (3) ______ Estimating the total cost of the work belongs to the launching process group. (4)_______Excellent time management in project management requires the planning, scheduling, monitoring and controlling of all project activities. (5) _______Databases belong to the electronic communications management. (6) _______A requirement is a desired end-state whose successful integration into the solution meets more than one needs and delivers specific, measurable, and incremental business value to the organization. (7) _______Functional requirements specify what the product or service must do. (8) _____The work breakdown structure is a hierarchical description…