1. If, when selecting a site for a new plant, you were interested in what competitive situation exists at the site, you would most likely be concerned with which of the following areas:
a. operating costs
b. investment cost
c. profit
d. human resources
e. community relations
2. Which of the following is NOT a standing plan?
a. rule
b. policy
c. budget
d. procedure
e. guideline
3. Standing plans are plans used over and over again because they focus on organizational situations that occur frequently.
True or False
4. A policy is a single-use plan that furnishes broad operating guidelines.
True or False
5. The concept of forecasting can be traced at least as far back as Fayol.
True or False