Business Management - Study Mode

[#491] Operational planning is
Correct Answer

(A) Short term planning

Explanation

Solution: Operational planning is short-term planning which focuses on achieving the company's tactical objectives.

[#492] A decision taken to meet unexpected situations is known as ________.
Correct Answer

(B) crisis decision

Explanation

Solution: A decision taken to meet unexpected situations is known as crisis decision. In a crisis, decisions have the potential to impact the organisation involved.

[#493] The assumptions about future derived from forecasting and used in planning are known as
Correct Answer

(A) planning premises

Explanation

Solution: The assumptions about future derived from forecasting and used in planning are known as planning premises. Planning premises are the anticipated environment in which plans are expected to operate. They include assumptions or forecasts of the future and known conditions that will affect the course of plans such as prevailing policies and existing company plans that controls the basic nature of supporting plans.

[#494] The authority flows from top to bottom through the structure of an organization is _________.
Correct Answer

(B) The formal authority theory

Explanation

Solution: The authority flows from top to bottom through the structure of an organization is the formal authority theory. Formal supervisory authority' is the right to command people, to tell them what they are to do and what they are not to do, and to guide their actions.

[#495] Goals, aims, purposes, missions and target is also known as
Correct Answer

(D) objectives

Explanation

Solution: Goals, aims, purposes, missions and target is also known as objectives.