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Questions of Controllership Chapter 7 & 9 About Strategic Planning

The document discusses strategic planning and control. It contains multiple choice questions about the purpose of measuring asset use, definitions of strategic planning terms, and the first step in the strategic planning process. It also includes an essay question about what makes an effective strategic plan.

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Nabilah zhr
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28 views3 pages

Questions of Controllership Chapter 7 & 9 About Strategic Planning

The document discusses strategic planning and control. It contains multiple choice questions about the purpose of measuring asset use, definitions of strategic planning terms, and the first step in the strategic planning process. It also includes an essay question about what makes an effective strategic plan.

Uploaded by

Nabilah zhr
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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QUESTIONS OF CONTROLLERSHIP

CHAPTER 7 & 9 ABOUT STRATEGIC PLANNING


By Group 4 : Nabilah, Nadya C, Nadya T, Selya N.

1. To provide useful information in making good decisions about assets used intend to spur
managers and to measure the performance of a business unit as an economic entity, are
the purpose of ...
a. Structure of Analysis
b. Evaluating the economic performance
c. Functional Development
d. Strategic Control
e. Measuring the use of assets

2. is a financial management system to measure economic profit in a company,


which states that walfare can only be created if the company is able to meet all
operating costs and capital costs.
a. ROI ( Return on Investment )
b. ROE ( Return on Equity )
c. ROA (Return on Asset )
d. EVA ( Economic Value Added )
e. SWOT (Strengths, Weaknesses, Opportunities, and Threats)

3. An organizational management activity that is used to set priorities, focus on energy and
resources, strengthen operations, establish agreement around intended
outcomes/results, assess and a process of developing and maintaining a strategic fit
between the organization’s goals and capabilities and its changing marketing is...
a. Strategic planning
b. Strategic management
c. Strategic control
d. Strategic networking
e. Functional development

4. Which of the following is the one of strategic planning characteristic, except...


a. An analytical process which formulates strategic and operational plans for the
organization.
b. It acts as a guide to the executive to reduce the risk involved in the business and also
to take the best possible advantage of the opportunities.
c. It performs SWOT Analysis, i.e. during the planning process, the firm’s strengths,
weaknesses, opportunities and threats are taken into consideration.
d. It is not a forward-looking activity wherein the future opportunities and threats are
ascertained while considering its profitability, market share, product and
competition.
e. It presupposes that a firm should always be ready to adapt itself according to the
dynamic business environment.

5. For most companies, the first step in the strategic planning process is to...
a. Set company objectives and goals.
b. Design the business portfolio.
c. Define the company mission.
d. Review planning, marketing and other functional strategies
e. Ensure that employees and other stakeholders are working toward common goals

Essay

1. What makes for an effective strategic plan?


Multiple Choice Answers :

1. (e) Measuring the use of assets


2. (d) (EVA) Economic Value Added
3. (a) Strategic planning
4. (d) It is not a forward-looking activity wherein the future opportunities and threats are
ascertained while considering its profitability, market share, product and competition
5. (c) Define the company mission

Essay

1. The short answer: an organization's understanding and response to the future.

A slightly longer answer would be that a strategic plan should include: The purpose of
the organization, flexible enough to take into account various contingencies; The
resources to fulfill the plan and make systematic changes to the organization; The
fulfillment of short-term, intermediate and long-term goals as a means to long-term
survival and growth; A description of the interests and involvement of those have
influence and are influenced by the organization, and a way of obtaining their
agreement; A way to measure the success of the plan, and the success of the
organization as a whole

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