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Chapter 7 Strat Mgmt - Chapter7 TRUE/FALSE.Write'T''F' 1...

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Chapter 7   TRUE/FALSE.  Write 'T' if the statement is true and 'F' if the statement is false.  1
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Planning  is  concerned  with how  objectives  are to be  accomplis hed, not  what is to  be  accomplis hed. 
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1) 
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Planning  provides  direction  to  managers  and  nonmanag ers alike. 
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2) 
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Goals are  the  foundatio n of  organizati onal  planning. 
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3) 
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Most  businesses  have only  one  objective:  to make a  profit. 
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4) 
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Strategic  plans can  be  categorize d as long  term,  directiona l, and  single use 
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Operation al plans  encompas s a  particular  operationa l area of  the  organizati on. 
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6) 
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When  uncertaint y is high  and  managers  must be  flexible in  order to  respond to  unexpecte d changes,  directiona l plans are  preferable
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