MGMT 3013 QUESTIONS AND ANSWERS | 2025/2026
Terms in this set (76)
The document that details D: plan
how a company's goals are to
be met is called a(n) _.
A: mission
B:
investment
C: vision
D: plan
A document that outlines a C: Business Plan
proposed firm's goals, its strategy
for achieving those goals, and the
standards for measuring success
is known as a _.
A: vision
statement B:
mission
statement C:
business plan
D: SMART goal
,A firm's business should A: Model
include a
description of the need the firm
will fill, the operations of the
business, its components and
functions, and the expected
revenues and expenses.
A: model
B:
statement
C:
strategy
D: plan
A____sets the long-term goals and C: Strategy
direction for an organization.
A:
model
B:
mission
C:
strategy
D:
policy
Strategic__is a process that involves B: Management
managers from all levels of the
organization in the formulation
and the implementation of
strategies and strategic goals.
A: analysis
B:
managemen
t C:
governance
D:
evaluation
The purpose of__is to set goals and C: Planning
decide on the courses of action that
will be used to achieve them.
A: leading
B:
organizing
C:
, planning
D:
controlling
A business plan is a document that D: a proposed firm's goals, strategy for achieving them, and
outlines standards for measuring success
______.
A: the need the firm will fill, the
operations of the business, and
its expected revenues and
expenses
B: the organization's long-term
goals and direction
C: a firm's resources or
capabilities along with their
competitive strategic potential
D: a proposed firm's goals,
strategy for achieving them,
and standards for measuring
success
Terms in this set (76)
The document that details D: plan
how a company's goals are to
be met is called a(n) _.
A: mission
B:
investment
C: vision
D: plan
A document that outlines a C: Business Plan
proposed firm's goals, its strategy
for achieving those goals, and the
standards for measuring success
is known as a _.
A: vision
statement B:
mission
statement C:
business plan
D: SMART goal
,A firm's business should A: Model
include a
description of the need the firm
will fill, the operations of the
business, its components and
functions, and the expected
revenues and expenses.
A: model
B:
statement
C:
strategy
D: plan
A____sets the long-term goals and C: Strategy
direction for an organization.
A:
model
B:
mission
C:
strategy
D:
policy
Strategic__is a process that involves B: Management
managers from all levels of the
organization in the formulation
and the implementation of
strategies and strategic goals.
A: analysis
B:
managemen
t C:
governance
D:
evaluation
The purpose of__is to set goals and C: Planning
decide on the courses of action that
will be used to achieve them.
A: leading
B:
organizing
C:
, planning
D:
controlling
A business plan is a document that D: a proposed firm's goals, strategy for achieving them, and
outlines standards for measuring success
______.
A: the need the firm will fill, the
operations of the business, and
its expected revenues and
expenses
B: the organization's long-term
goals and direction
C: a firm's resources or
capabilities along with their
competitive strategic potential
D: a proposed firm's goals,
strategy for achieving them,
and standards for measuring
success
