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Preview questions
1. What is the primary purpose of planning in business?
To increase profits · To set objectives · To manage resources · To motivate employees
2. Which of the following is NOT a characteristic of planning?
Goal-oriented · Continuous process · Static in nature · Involves decision-making
3. What type of planning is done to achieve long-term objectives?
Operational planning · Strategic planning · Contingency planning · Tactical planning
4. Which of the following is a step in the planning process?
Implementation · Evaluation · Setting objectives · Controlling
5. What is the first step in the planning process?
Identifying alternatives · Setting objectives · Evaluating alternatives · Implementing plans
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