1. Which of the following is a characteristic of strategic planning? a) Focuses on long-term goals and objectives b) Focuses on day-to-day operations c) Involves detailed budgeting and resource allocation d) Involves setting short-term goals and objectives

Answer: a) Focuses on long-term goals and objectives

1. Middle-level planning is primarily concerned with: a) Setting overall organizational goals b) Allocating resources and budgeting c) Translating strategic plans into specific actions d) Monitoring day-to-day operations

Answer: c) Translating strategic plans into specific actions

1. Short-term planning typically covers a time frame of: a) 1-3 years b) 3-5 years c) 5-10 years d) 10+ years

Answer: a) 1-3 years

1. Which of the following is an example of a strategic planning tool? a) SWOT analysis b) Gantt chart c) Budget spreadsheet d) Performance dashboard

Answer: a) SWOT analysis

1. Middle-level planning is often carried out by: a) Top-level executives b) Frontline employees c) Middle managers d) External consultants

Answer: c) Middle managers

1. Short-term planning is focused on: a) Achieving immediate goals and objectives b) Developing long-term strategies c) Allocating resources for the next fiscal year d) Evaluating the performance of the organization

Answer: a) Achieving immediate goals and objectives

1. Which of the following is a key component of strategic planning? a) Identifying short-term tactics b) Conducting market research c) Developing a detailed budget d) Monitoring daily operations

Answer: b) Conducting market research

1. Middle-level planning involves: a) Setting organizational vision and mission statements b) Developing detailed action plans c) Allocating financial resources d) Implementing performance measurement systems

Answer: b) Developing detailed action plans

1. Short-term planning is often focused on: a) Expanding market share b) Developing new products c) Increasing employee morale d) Meeting quarterly sales targets

Answer: d) Meeting quarterly sales targets

1. Which of the following is a benefit of strategic planning? a) Increased operational efficiency b) Short-term financial gains c) Reduced need for middle-level planning d) Elimination of day-to-day decision-making

Answer: a) Increased operational efficiency