1. A renowned tech mogul declared that the vision statement of his company is to be the top information technology provider in the Philippines by the year 2022. What does the company's vision statement represent?
a. A goal
b. An action plan
C. A strategy
d. A plan
2. During the midyear planning of The Good Spot Corporation, the top management fo und out that purchase requests take too long to fulfill, and that its root cause is the d elayed release of the budget from the finance department. According to the finance head, the delay is caused by requests coming from multiple individuals outside the p rocurement department. These need to be verified before they are processed. Which significance of planning should be prioritized to solve this problem?
a. Ensures better coordination
b. Facilitates control
c. Encourage innovation and creativity
d. Provides guideline in decision making
3. Ms. Winag, a store supervisor, always monitors the financial records of the business on a daily basis. She always makes sure that 15% of the profits are allocated as a depreciation allowance so that she can have an on-hand budget for repairing any store equipment that may malfunction. Ms. Winag uses planning to:
a. Reduce uncertainties and risk
b. Facilitate control
C. Ensure better coordination
d. Encourage innovation and creativity​