1. Is planning always performed by top-level mangement? 2. Does strategic planning focus on setting short-term or long-term objectives? 3. What is planning? 4. What requirements must objectives meet to be effective?

1. No, planning is not always performed by top-level management. While top-level management is responsible for strategic planning, lower-level management may be involved in tactical and operational planning.<br />2. Strategic planning focuses on setting long-term objectives.<br />3. Planning is the process of setting goals and determining the best way to achieve them.<br />4. Objectives must be specific, measurable, achievable, relevant, and time-bound (SMART) to be effective.