Question 1

One of the disadvantages of management by objectives (MBO)is that ________.

Accepted Answer

A) the program is very quick and informal 
B) the process has no effect on worker commitment 
C) the program only emphasizes what should be done in an organization 
D) the process is time-consuming and requires an increase in paperwork 
E) the process is a mere duplication of other management practices 
A) the program is very quick and informal 
B) the process has no effect on worker commitment 
C) the program only emphasizes what should be done in an organization 
D) the process is time-consuming and requires an increase in paperwork 
E) the process is a mere duplication of other management practices

Question 2

A study of failed planning showed that preventing a failure in planning must ensure that ________.

Accepted Answer

A) corporate planning is not integrated into the total management process of the organization 
B) management implements and operates according to the plan 
C) management at different levels of the firm are not included in plan development 
D) management attempts to complete all objectives at the same time 
E) financial projections are confused with planning 
A) corporate planning is not integrated into the total management process of the organization 
B) management implements and operates according to the plan 
C) management at different levels of the firm are not included in plan development 
D) management attempts to complete all objectives at the same time 
E) financial projections are confused with planning

Question 3

Which one of the following is an advantage of planning?

Accepted Answer

A) It eliminates all risks. 
B) It enhances decision coordination. 
C) It emphasizes immediate goals. 
D) It suboptimizes the use of resources. 
E) It promotes individual performance. 
A) It eliminates all risks. 
B) It enhances decision coordination. 
C) It emphasizes immediate goals. 
D) It suboptimizes the use of resources. 
E) It promotes individual performance.

Question 4

Which one of the following is the first step in the management by objectives (MBO)process?

Accepted Answer

A) set worker objectives 
B) review organizational objectives 
C) develop performance evaluation criteria 
D) evaluate past performance 
E) establish rewards 
A) set worker objectives 
B) review organizational objectives 
C) develop performance evaluation criteria 
D) evaluate past performance 
E) establish rewards

Question 5

When determining goals to increase profitability,the assumption that a company can gain a larger share of its market is an example of a(an)________.

Accepted Answer

A) premise 
B) objective 
C) contingency 
D) affirmation 
E) standing plan 
A) premise 
B) objective 
C) contingency 
D) affirmation 
E) standing plan

Question 6

The ________ method utilizes historical data to predict future sales levels.

Accepted Answer

A) resource allocator 
B) disturbance handler 
C) salesforce estimation 
D) regression 
E) moving average 
A) resource allocator 
B) disturbance handler 
C) salesforce estimation 
D) regression 
E) moving average

Question 7

Plans fail when management fails to grasp the overall planning process.

Accepted Answer

A) True 
 B)False

Question 8

The sales force estimation method is a sales forecasting technique that tracks sales by estimating the perceptions of salespeople as a group.

Accepted Answer

A) True 
 B)False

Question 9

A disadvantage of planning is that it ________.

Accepted Answer

A) causes managers to focus on the future 
B) reduces organizational flexibility once plans are set 
C) requires organizational resources 
D) can take up too much managerial time 
E) involves planning for situations that may not occur 
A) causes managers to focus on the future 
B) reduces organizational flexibility once plans are set 
C) requires organizational resources 
D) can take up too much managerial time 
E) involves planning for situations that may not occur

Question 10

Which one of the following is NOT one of the key areas in which Drucker advised managers to set management system objectives?

Accepted Answer

A) market standing 
B) profitability 
C) government regulation 
D) innovation 
E) public responsibility 
A) market standing 
B) profitability 
C) government regulation 
D) innovation 
E) public responsibility

Question 11

The Planning function is directly connected to which of these other managerial functions?

Accepted Answer

A) leading 
B) organizing 
C) controlling 
D) directing 
E) moderating 
A) leading 
B) organizing 
C) controlling 
D) directing 
E) moderating

Question 12

________ is a standing plan that designates specific required action.

Accepted Answer

A) A resource 
B) A rule 
C) A budget 
D) A strategy 
E) A responsibility 
A) A resource 
B) A rule 
C) A budget 
D) A strategy 
E) A responsibility

Question 13

Walt is a sales manager charged with allocating funds,resources,and labor costs for the coming year.In doing so he is preparing a ________.

Accepted Answer

A) budget 
B) standing plan 
C) procedure 
D) tactic 
E) rule 
A) budget 
B) standing plan 
C) procedure 
D) tactic 
E) rule

Question 14

Introduction,growth,maturity,saturation,and decline are stages of ________.

Accepted Answer

A) product allocation 
B) product history 
C) product life cycle 
D) service methods 
E) resource allocation 
A) product allocation 
B) product history 
C) product life cycle 
D) service methods 
E) resource allocation

Question 15

Which one of the following is an accurate statement in reference to management by objectives (MBO)?

Accepted Answer

A) Rewards are given to workers independent from their objective attainment. 
B) Managers and workers meet to agree on worker objectives. 
C) Managers and workers do not meet to monitor progress. 
D) Managers set objectives for workers without their input. 
E) Rewards are given on the basis of the manager's effort. 
A) Rewards are given to workers independent from their objective attainment. 
B) Managers and workers meet to agree on worker objectives. 
C) Managers and workers do not meet to monitor progress. 
D) Managers set objectives for workers without their input. 
E) Rewards are given on the basis of the manager's effort.

Question 16

Which one of the following is NOT a guideline for establishing quality objectives?

Accepted Answer

A) Let people responsible for attaining objectives have a voice in setting them. 
B) State objectives as specifically as possible. 
C) Pinpoint expected results. 
D) Set objectives that are not related to other organizational objectives. 
E) Specify when goals are expected to be achieved. 
A) Let people responsible for attaining objectives have a voice in setting them. 
B) State objectives as specifically as possible. 
C) Pinpoint expected results. 
D) Set objectives that are not related to other organizational objectives. 
E) Specify when goals are expected to be achieved.

Question 17

What is planning? What are the advantages and potential disadvantages of planning?

Accepted Answer

Planning is the process of determining h

Question 18

The process of determining how an organization can get where it wants to go and what it will do to accomplish its objectives is known as ________.

Accepted Answer

A) organizing 
B) influencing 
C) planning 
D) controlling 
E) analyzing 
A) organizing 
B) influencing 
C) planning 
D) controlling 
E) analyzing

Question 19

One of the primary advantages of management by objectives (MBO)is that ________.

Accepted Answer

A) it saves time 
B) it is an easy process 
C) it gains employee commitment 
D) it reduces the volume of paper work 
E) it places the responsibility of goal attainment solely on managers 
A) it saves time 
B) it is an easy process 
C) it gains employee commitment 
D) it reduces the volume of paper work 
E) it places the responsibility of goal attainment solely on managers

Question 20

The affirmative purpose of planning is to ________.

Accepted Answer

A) increase the degree of organizational success 
B) increase the level of workplace diversity 
C) optimize the use of organizational resources 
D) refine work methods and reduce production costs 
E) improve organizational compliance with industry standards 
A) increase the degree of organizational success 
B) increase the level of workplace diversity 
C) optimize the use of organizational resources 
D) refine work methods and reduce production costs 
E) improve organizational compliance with industry standards

One of the disadvantages of management by objectives (MBO)is that ________.

A study of failed planning showed that preventing a failure in planning must ensure that ________.

Which one of the following is an advantage of planning?

Which one of the following is the first step in the management by objectives (MBO)process?

When determining goals to increase profitability,the assumption that a company can gain a larger share of its market is an example of a(an)________.

The ________ method utilizes historical data to predict future sales levels.

Plans fail when management fails to grasp the overall planning process.

The sales force estimation method is a sales forecasting technique that tracks sales by estimating the perceptions of salespeople as a group.

A disadvantage of planning is that it ________.

Which one of the following is NOT one of the key areas in which Drucker advised managers to set management system objectives?

The Planning function is directly connected to which of these other managerial functions?

________ is a standing plan that designates specific required action.

Walt is a sales manager charged with allocating funds,resources,and labor costs for the coming year.In doing so he is preparing a ________.

Introduction,growth,maturity,saturation,and decline are stages of ________.

Which one of the following is an accurate statement in reference to management by objectives (MBO)?

Which one of the following is NOT a guideline for establishing quality objectives?

What is planning? What are the advantages and potential disadvantages of planning?

The process of determining how an organization can get where it wants to go and what it will do to accomplish its objectives is known as ________.

One of the primary advantages of management by objectives (MBO)is that ________.

The affirmative purpose of planning is to ________.

Introducing Modern Management: Concepts and Skills

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Making Decisions

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Production and Control

Filters

Exam 7: Plans and Planning Tools

One of the disadvantages of management by objectives (MBO)is that ________.

A study of failed planning showed that preventing a failure in planning must ensure that ________.

Which one of the following is an advantage of planning?

Which one of the following is the first step in the management by objectives (MBO)process?

When determining goals to increase profitability,the assumption that a company can gain a larger share of its market is an example of a(an)________.

The ________ method utilizes historical data to predict future sales levels.

Plans fail when management fails to grasp the overall planning process.

The sales force estimation method is a sales forecasting technique that tracks sales by estimating the perceptions of salespeople as a group.

A disadvantage of planning is that it ________.

Which one of the following is NOT one of the key areas in which Drucker advised managers to set management system objectives?

The Planning function is directly connected to which of these other managerial functions?

________ is a standing plan that designates specific required action.

Walt is a sales manager charged with allocating funds,resources,and labor costs for the coming year.In doing so he is preparing a ________.

Introduction,growth,maturity,saturation,and decline are stages of ________.

Which one of the following is an accurate statement in reference to management by objectives (MBO)?

Which one of the following is NOT a guideline for establishing quality objectives?

What is planning? What are the advantages and potential disadvantages of planning?

The process of determining how an organization can get where it wants to go and what it will do to accomplish its objectives is known as ________.

One of the primary advantages of management by objectives (MBO)is that ________.

The affirmative purpose of planning is to ________.

Introducing Modern Management: Concepts and Skills

Management and Entrepreneurship: Handling Start-Ups and New Ventures

Managers,society,and Sustainability

Management and Diversity

Managing in the Global Arena

Encouraging Creativity and Innovation

Making Decisions

Strategic Planning: Strategies, tactics, and Competitive Dynamics

Fundamentals of Organizing

Responsibility, authority, and Delegation

Human Resource Management

Changing Organizations

Influencing and Communication

Leadership

Motivation

Groups and Teams

Managing Organization Culture

Controlling,information,and Technology

Production and Control

Filters