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The t0P management of Dusk Automobiles Inc. has decided that the company\' objec

ID: 458665 • Letter: T

Question

The t0P management of Dusk Automobiles Inc. has decided that the company' objective for the next two yean will be to expand the overall business internationally. This is an example of. functional planning static planning strategic planning tactical planning, operational planning Short-range plans covering a period of one year or less that are designed to implement the activities and objectives specified in an organization's strategic plan are referred to as referendum protocols static plans operational plans R. tactical plans is an element in planning that deals with potential disasters such as product tampering, oil spills, fire, earthquake, computer viruses, or airplane crash.

Explanation / Answer

17. The top management of dusk automobile Inc has decided that the company's objective for next two years will be to expand overall business internationally. This is an example of

C. Strategic planning

Strategic Planning allows management to plan for the future. Now days it is becoming imperative for management to think strategically (plan for the future). The best managed companies tend to engage in continuous strategic planning. Therefore strategic planning is a way of preparing for the future by attempting to replicate the future.

18. Short range plans covering the period of one year or less that are designed to implement the activities and objectives specified in organization’s plan are referred to as

E. Tactical Plans

Tactical plan are short range plans covering the period of one year or less that are designed to implement the activities and objectives specified in strategic plan or organization’s plan.

19. Option B. Crisis management

Crisis management is the application of strategies designed to help an organization deal with a sudden and significant negative event like fire, earthquake, airplane crash etc. A crisis can occur as a result of an unpredictable event or as an unforeseeable consequence and considered a potential disaster.

20. Option B. Organizing

Task related to management function are planning, organizing, leading and controlling. Where organizing consists of distribution of resources, organize the employees and assigning the task according to the plan.

21. Option D. Controlling

Providing incentive to employees to motivate them towards achieving organizational objectives related to the management function of Controlling. It involves three steps; establishing standards, measuring performance against these standards and correcting deviations from standards.

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