1.The Board of Directors of a global bank has charged the CEO and her senior leadership team with assessing the impact of expanding into several new countries over the next five years.

What kind of planning is required by this type of project?

a. Mission planning

b. Strategic planning

c. Vision boarding

d. Objectives planning

2.

Harry heads the actuarial department in an insurance company. In an effort to increase his team's efficiency, Harry has given two of his direct reports 60 days to research, source, and recommend a new time management software program.

This project requires what level of planning?

a. Time saving planning

b. Operational planning

c. Mission planning

d. Strategic planning

3 .Bob and Ted have been tasked with planning their team's retreat. They plan to survey last year's attendees to determine how they liked the venue. Additionally, they will need to determine the attendees, the date and time, the location, the menu, and the venue, as well as establish a budget to be approved by senior management.

Which basic planning step is described by Bob and Ted's deliverables?

a. Setting an objective or goal.

b. Implementing a plan.

c. Developing a systematic approach to achieving the objective.

d. Identifying and assessing present and future conditions affecting the objectives.

4.Carol is department supervisor of a major retail store chain. Sales are down 10 percent from last year and are projected to be down another 5 percent next year due to the poor economy and an increase in online shopping websites.

Carol's proactive action in response to market trends is considered what?

a. Objective setting

b. The critical path method

c. Contingency planning

d. Strategic planning

5.Beth is a member of a nonprofit board where she has volunteered to chair the fundraising committee. Each year the nonprofit sponsors one premier fundraising event. Beth calls the first meeting of the fundraising committee to discuss the event.

What should be the committee's first task?

a. Choosing a logo for the event t-shirt

b. Naming the fundraising event

c. Choosing a day for the event

d. Determining the objectives of the event

Answer rating: 100% (QA)

Q1 b Strategic planning Strategic planning is the process of developing a longterm vision for the company and setting goals and objectives to achieve ... View the full answer