Exam 4: Environment, Innovation, and Sustainability

Which of the following refers to the process of developing alternative plans in anticipation of having problems with implementing the existing plan?

__________ is the process that attempts to predict the future.

The purpose of strategic plans is to support tactical plans.

Allocating and arranging resources in order to accomplish tasks is called __________.

Clara has been working as a waitress in a local cafe for 3 years. She had always dreamt of opening up her own cafe. On the death of her grandmother, she finds out that her grandmother has left her a fortune of $15,000. She plans to open a new cafe with the money and hires a professional team to design her cafe's layout. Clara is currently engaged in the developing the ________ for the cafe.

A plan that commits resources to projects or activities is called a(n) __________.

Stretch goals are __________.

A budget that compares sales or revenues to expenses is called a(n) __________ budget.

A ________ budget allows resource allocations to vary with the level of activity.

A planning technique that utilizes external comparisons to better evaluate current internal processes is called __________.

Plans that cover a year or less are called __________ plans.

Which of the following terms precisely describes actions to take in specific situations?

Plans that usually cover three years or more are called __________ plans.

Define the terms policy and procedure.

__________ are specific results that one wishes to achieve.

What are the four functions of management? Describe each of them.

__________ are developed to implement strategic plans.

In order to get the best performance out of your organization, you should use __________ goals to encourage extra effort.

Which of the following terms can be best described as identifying possible future situations and plans for dealing with them?

Distinguish between strategic plans and operational plans.