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Long-term plans are defined as those with a time frame beyond ______.

A. seven years
B. one year
C. five years
D. three years

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Which of the following is an example of a standing plan?( )

A. a retail chain's plan to counter the entry of a new competitor
B. a plan developed to address a sudden, unanticipated surge in demand
C. a fire escape policy establishing practices to be followed in an emergency
D. a plan to cope with radical changes in the political environment

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In ______, goals set by top managers flow down through the organization and become subgoals for each organizational area.

A. management by objectives
B. management by observation
C. traditional goal setting
D. management by exception

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Retail Planning (Scenario)Mr. Tyler Nall is president and CEO of a retail chain that is about to begin operations in numerous major cities across the United States. The stores will sell home furnishings that are considered moderately priced for the average-income buyer. During the last few months he has been working to lay out directions for the managers of the stores. Mr. Nall and his vice presidents have decided that each store should have sales equal to or greater than $100 per square foot per day. To attract an adequate number of customers, the store should be well maintained both inside and out.The statement that each store should have sales equal to or greater than $100 per square foot per day is an example of ( )__.

A. a strategic plan
B. a directional plan
C. a financial goal
D. a strategic goal

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The statement that all stores should be well maintained both inside and out is an example of a ______.

A. directional plan
B. specific plan
C. financial goal
D. social goal

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Long-term plans are defined as those with a time frame beyond ______.

A. seven years B. one year C. five years D. three years

Which of the following is an example of a standing plan?( )

In ______, goals set by top managers flow down through the organization and become subgoals for each organizational area.

The statement that all stores should be well maintained both inside and out is an example of a ______.

A. seven years
B. one year
C. five years
D. three years