Exam 7: Plans and Planning Tools

When using PERT,the sequence of events requiring the longest period of time is considered to be critical because one delay in the activities results in delays in the completion of a project.

Explain the management by objectives approach (MBO)and explain the three basic parts included in most MBO programs.

In a management by objectives (MBO),program why must managers be careful not to conclude automatically that employees have produced at an acceptable level simply because they have reached their objectives?

What is the difference between an organizational objective and a statement of organizational purpose?

Discuss the differences between plans,goals,objectives,premises,and assumptions.

After setting worker objectives,the next step in a management by objectives (MBO)program is to ________.

Alternatives to reach an organizational objective are based on assumptions known as ________.

Premises are the assumptions upon which alternatives to reaching organizational objectives are based.

________ is the process of formulating a detailed listing of activities that must be accomplished to attain an objective,allocating the resources necessary to attain the objective,and setting up and following timetables for completing the objective.

HomeTurf is a retailer of wooden furniture.The firm currently has three stores and has plans to set up two more within the next eight months.This is an example of a(n)________.