Business Management - Study Mode
[#171] Medium term planning is
Correct Answer
(C) 2 to 5 years
Explanation
Solution: Medium term planning is 2 to 5 years. A medium-term plan is a planned sequence of work for a subject (or for more than one subject) for a period of weeks, such as a half-term or term, or for a number of lessons.
[#172] Placing purchase order is an example of ________.
Correct Answer
(A) programmed decision
Explanation
Solution: Placing purchase order is an example of programmed decision. Programmed decisions are those you've encountered many times before and so know how to handle with ease.
[#173] Short term planning is
Correct Answer
(B) 1 year
Explanation
Solution: Short term planning is 1 year. Short-term usually involves processes that show results within a year. Companies aim medium-term plans at results that take several years to achieve.
[#174] The decision deal with novel and non-repetitive problems is___________.
Correct Answer
(B) non-programmed decision
Explanation
Solution: The decision deal with novel and non-repetitive problems is non-programmed decision. These decisions are taken in unstructured situations which reflect novel, ill-defined and complex problems. The problems are non-recurring or exceptional in nature. Since they have not occurred before, they require extensive brainstorming.
[#175] Planning lays down the overall objective, strategies and polices for the total enterprise is
Correct Answer
(A) corporate planning
Explanation
Solution: Planning lays down the overall objective, strategies and polices for the total enterprise is corporate planning. Corporate planning is the act of creating a long-term plan to improve your business. A corporate plan examines a business's internal capabilities and lays out strategies for how to use those capabilities to improve the company and meet goals.