Question 1

Strategic plans and goals are those that focus on where the organization wants to be in the future and pertain to the organization as a whole.

Accepted Answer

A) True 
 B)False

Question 2

According to the BCG Matrix, the cash cow has a large market share in a rapidly growing industry.

Accepted Answer

A) True 
 B)False

Question 3

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is known as an_______ .

Accepted Answer

A)  goal 
B)  objective 
C)  mission 
D)  vision 
E)  strategy 
A)  goal 
B)  objective 
C)  mission 
D)  vision 
E)  strategy

Question 4

You are violating which of these goal characteristics when you attempt to create goals for every aspect of employee behavior?

Accepted Answer

A)  Specific and measurable 
B)  Linked to rewards 
C)  Defined time period 
D)  Cover key result areas 
E)  Challenging but realistic 
A)  Specific and measurable 
B)  Linked to rewards 
C)  Defined time period 
D)  Cover key result areas 
E)  Challenging but realistic

Question 5

Compare the four levels of goals and plans.

Accepted Answer

The highest level is the mission stateme

Question 6

A goal is a blueprint for achievement.

Accepted Answer

A) True 
 B)False

Question 7

_______are reasonable yet highly ambitious goals that are so clear, compelling, and imaginative that they fire up employees and engender excellence.

Accepted Answer

A)  Operational goals 
B)  Stretch goals 
C)  Strategic goals 
D)  Tactical goals 
E)  Bottom-up goals 
A)  Operational goals 
B)  Stretch goals 
C)  Strategic goals 
D)  Tactical goals 
E)  Bottom-up goals

Question 8

_______is the set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals.

Accepted Answer

Strategic

Question 9

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

Accepted Answer

A) True 
 B)False

Question 10

_______are designed to help execute major strategic plans and to accomplish a specific part of the company's strategy.

Accepted Answer

The answer of _______are designed to help execute major strategic...

Question 11

Executives acquire information about external opportunities and strengths from a variety of reports, including budgets, financial ratios, profit and loss statements, and surveys of employee attitudes and satisfaction.

Accepted Answer

A) True 
 B)False

Question 12

Darren set goals for each of his employees. Each employee ended up with at least twenty-five goals. This process violates which of the following criteria for effective goals?

Accepted Answer

A)  Specific and measurable 
B)  Challenging but realistic 
C)  Covers key result areas 
D)  Defined time period 
E)  Linked to rewards 
A)  Specific and measurable 
B)  Challenging but realistic 
C)  Covers key result areas 
D)  Defined time period 
E)  Linked to rewards

Question 13

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

Accepted Answer

A)  Star 
B)  Cash cow 
C)  Question mark 
D)  Dog 
E)  Cat 
A)  Star 
B)  Cash cow 
C)  Question mark 
D)  Dog 
E)  Cat

Question 14

Mingles, Inc. concentrates its efforts on its target market of 18 to 25 year olds. It is using an_______ strategy.

Accepted Answer

A)  focus 
B)  differentiation 
C)  cost leadership 
D)  multidomestic 
E)  universal strategy 
A)  focus 
B)  differentiation 
C)  cost leadership 
D)  multidomestic 
E)  universal strategy

Question 15

Gillette operates numerous strategic business units. Most of its units in the personal care division have low market share but high business growth. These units are classified as _______.

Accepted Answer

A)  dogs 
B)  question marks 
C)  stars 
D)  cash cows 
E)  none of these 
A)  dogs 
B)  question marks 
C)  stars 
D)  cash cows 
E)  none of these

Question 16

The BCG matrix organizes along which of the following dimensions?

Accepted Answer

A)  Market share and profit 
B)  Sales and market share 
C)  Business growth rate and market share 
D)  Business growth rate and profit 
E)  Sales and profits 
A)  Market share and profit 
B)  Sales and market share 
C)  Business growth rate and market share 
D)  Business growth rate and profit 
E)  Sales and profits

Question 17

_______plans are developed to achieve a set of goals that are not likely to be repeated in the future.

Accepted Answer

The answer of _______plans are developed to achieve a set...

Question 18

Prevention and preparation are the two stages of crisis management.

Accepted Answer

A) True 
 B)False

Question 19

_______are ongoing plans that are used to provide guidance for tasks performed repeatedly within the organization.

Accepted Answer

The answer of _______are ongoing plans that are used to...

Question 20

_______refers to the use of managerial tools to direct resources toward the achievement of strategic goals.

Accepted Answer

A)  Strategy formulation 
B)  Strategy coordination 
C)  Strategy execution 
D)  Strategy control 
E)  Strategy planning 
A)  Strategy formulation 
B)  Strategy coordination 
C)  Strategy execution 
D)  Strategy control 
E)  Strategy planning

Strategic plans and goals are those that focus on where the organization wants to be in the future and pertain to the organization as a whole.

According to the BCG Matrix, the cash cow has a large market share in a rapidly growing industry.

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is known as an_______ .

You are violating which of these goal characteristics when you attempt to create goals for every aspect of employee behavior?

Compare the four levels of goals and plans.

A goal is a blueprint for achievement.

_______are reasonable yet highly ambitious goals that are so clear, compelling, and imaginative that they fire up employees and engender excellence.

_______is the set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals.

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

_______are designed to help execute major strategic plans and to accomplish a specific part of the company's strategy.

Executives acquire information about external opportunities and strengths from a variety of reports, including budgets, financial ratios, profit and loss statements, and surveys of employee attitudes and satisfaction.

Darren set goals for each of his employees. Each employee ended up with at least twenty-five goals. This process violates which of the following criteria for effective goals?

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

Mingles, Inc. concentrates its efforts on its target market of 18 to 25 year olds. It is using an_______ strategy.

Gillette operates numerous strategic business units. Most of its units in the personal care division have low market share but high business growth. These units are classified as _______.

The BCG matrix organizes along which of the following dimensions?

_______plans are developed to achieve a set of goals that are not likely to be repeated in the future.

Prevention and preparation are the two stages of crisis management.

_______are ongoing plans that are used to provide guidance for tasks performed repeatedly within the organization.

_______refers to the use of managerial tools to direct resources toward the achievement of strategic goals.

Innovative Management for a Changing World

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing Small Business Start-Ups

Filters

Exam 5: Managerial Planning and Goal Setting

Strategic plans and goals are those that focus on where the organization wants to be in the future and pertain to the organization as a whole.

According to the BCG Matrix, the cash cow has a large market share in a rapidly growing industry.

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is known as an_______ .

You are violating which of these goal characteristics when you attempt to create goals for every aspect of employee behavior?

Compare the four levels of goals and plans.

A goal is a blueprint for achievement.

_______are reasonable yet highly ambitious goals that are so clear, compelling, and imaginative that they fire up employees and engender excellence.

_______is the set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals.

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

_______are designed to help execute major strategic plans and to accomplish a specific part of the company's strategy.

Executives acquire information about external opportunities and strengths from a variety of reports, including budgets, financial ratios, profit and loss statements, and surveys of employee attitudes and satisfaction.

Darren set goals for each of his employees. Each employee ended up with at least twenty-five goals. This process violates which of the following criteria for effective goals?

Which of the following portfolio categories is made up of poor performers who command only a small share of a slow growth market?

Mingles, Inc. concentrates its efforts on its target market of 18 to 25 year olds. It is using an_______ strategy.

Gillette operates numerous strategic business units. Most of its units in the personal care division have low market share but high business growth. These units are classified as _______.

The BCG matrix organizes along which of the following dimensions?

_______plans are developed to achieve a set of goals that are not likely to be repeated in the future.

Prevention and preparation are the two stages of crisis management.

_______are ongoing plans that are used to provide guidance for tasks performed repeatedly within the organization.

_______refers to the use of managerial tools to direct resources toward the achievement of strategic goals.

Innovative Management for a Changing World

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Managing Small Business Start-Ups

Filters