Question 1

The organization's reason for existence is known as the organization's _______.

Accepted Answer

A)  value 
B)  vision 
C)  mission 
D)  goal 
E)  service 
A)  value 
B)  vision 
C)  mission 
D)  goal 
E)  service

Question 2

Top managers and chief executives have the final responsibility for strategic planning.

Accepted Answer

A) True 
 B)False

Question 3

Tactical goals are specific, measurable results expected from departments, work groups, and individuals within the organization.

Accepted Answer

A) True 
 B)False

Question 4

With an _______strategy, the organization concentrates on a specific regional market or buyer group.

Accepted Answer

A)  cost leadership 
B)  differentiation 
C)  focus 
D)  internal growth 
E)  liquidation 
A)  cost leadership 
B)  differentiation 
C)  focus 
D)  internal growth 
E)  liquidation

Question 5

_______enables firms to cope with unexpected events that are so sudden and devastating that they have the potential to destroy the organization if managers aren't prepared with a quick and appropriate response.

Accepted Answer

A)  Incident planning 
B)  Contingency planning 
C)  Strategic planning 
D)  Crisis planning 
E)  Emergency planning 
A)  Incident planning 
B)  Contingency planning 
C)  Strategic planning 
D)  Crisis planning 
E)  Emergency planning

Question 6

Management by objectives, single-use plans, and standing plans are all management planning approaches.

Accepted Answer

A) True 
 B)False

Question 7

Plans provide a standard of assessment.

Accepted Answer

A) True 
 B)False

Question 8

Scenario - Katelynn Kareem

Managers at WXYZ just announced that the new management program would be focused around MBO concepts. Katelynn Kareem had been a manager at WXYZ for ten years and she was not certain if this new MBO approach was going to fit her department. She had strong commitment to achieving the company's objectives, but she also knew her employees well enough to know that some didn't share the same commitment.
-What can Katelynn expect to be doing during the final step of the MBO process?

Accepted Answer

A)  Setting goals 
B)  Reviewing progress 
C)  Appraising overall performance 
D)  Defining mission 
E)  Developing action plans 
A)  Setting goals 
B)  Reviewing progress 
C)  Appraising overall performance 
D)  Defining mission 
E)  Developing action plans

Question 9

Managers use_______ to direct employees and resources toward achieving specific outcomes that enable the organization to perform efficiently and effectively.

Accepted Answer

A)  strategic goals 
B)  operational goals 
C)  growth goals 
D)  financial results 
E)  internal business process goals 
A)  strategic goals 
B)  operational goals 
C)  growth goals 
D)  financial results 
E)  internal business process goals

Question 10

Top managers make the broad strategic plan and identify specific tactical plans.

Accepted Answer

A) True 
 B)False

Question 11

"We respect our employees and value their diversity" is an example of a statement you are most likely to find in the organization's _______.

Accepted Answer

A)  mission 
B)  strategic goals 
C)  tactical goals 
D)  strategic plans 
E)  tactical plans 
A)  mission 
B)  strategic goals 
C)  tactical goals 
D)  strategic plans 
E)  tactical plans

Question 12

Scenario - Theresa Teutul

Theresa Teutul was an executive with Digital Industries, a leading manufacturer of color televisions. She recognized that the color television market in the late 1970's was facing significant challenges. After two decades of highly successful development and marketing, the sales of color televisions had slowed and replacing older color television sets largely created her market.
-Using the logic of the BCG grid, Theresa should recognize that her strategic business unit was in which quadrant?

Accepted Answer

A)  Star 
B)  Cash Cow 
C)  Question Mark 
D)  Dog 
E)  None of these 
A)  Star 
B)  Cash Cow 
C)  Question Mark 
D)  Dog 
E)  None of these

Question 13

_______describes the organization's reason for existence.

Accepted Answer

The answer of _______describes the organization's reason for existence....

Question 14

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called an _______.

Accepted Answer

The answer of The plan of action that prescribes resource...

Question 15

_______plans are developed at the lower levels of the organization to specify action steps toward achieving operational goals and to support tactical plans.

Accepted Answer

The answer of _______plans are developed at the lower levels...

Question 16

Which of these are true about contingency plans?

Accepted Answer

A)  They are developed to achieve a set of goals that are unlikely to be repeated in the future. 
B)  They are used to provide guidance for tasks performed repeatedly within the organization. 
C)  They define company responses to specific situations, such as emergencies or setbacks. 
D)  They are most important in the organizations. 
E)  None of these 
A)  They are developed to achieve a set of goals that are unlikely to be repeated in the future. 
B)  They are used to provide guidance for tasks performed repeatedly within the organization. 
C)  They define company responses to specific situations, such as emergencies or setbacks. 
D)  They are most important in the organizations. 
E)  None of these

Question 17

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

Accepted Answer

A) True 
 B)False

Question 18

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as _____.

Accepted Answer

The answer of The use of managerial and organizational tools...

Question 19

Stretch goals are typically so far beyond the current levels that people have to be innovative to find ways to reach them.

Accepted Answer

A) True 
 B)False

Question 20

The CEO of Andre's Autos, Inc. must do all of the planning for the company because that is the way to do things in today's workplace.

Accepted Answer

A) True 
 B)False

The organization's reason for existence is known as the organization's _______.

Top managers and chief executives have the final responsibility for strategic planning.

Tactical goals are specific, measurable results expected from departments, work groups, and individuals within the organization.

With an _______strategy, the organization concentrates on a specific regional market or buyer group.

_______enables firms to cope with unexpected events that are so sudden and devastating that they have the potential to destroy the organization if managers aren't prepared with a quick and appropriate response.

Management by objectives, single-use plans, and standing plans are all management planning approaches.

Plans provide a standard of assessment.

Managers use_______ to direct employees and resources toward achieving specific outcomes that enable the organization to perform efficiently and effectively.

Top managers make the broad strategic plan and identify specific tactical plans.

"We respect our employees and value their diversity" is an example of a statement you are most likely to find in the organization's _______.

_______describes the organization's reason for existence.

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called an _______.

_______plans are developed at the lower levels of the organization to specify action steps toward achieving operational goals and to support tactical plans.

Which of these are true about contingency plans?

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as _____.

Stretch goals are typically so far beyond the current levels that people have to be innovative to find ways to reach them.

The CEO of Andre's Autos, Inc. must do all of the planning for the company because that is the way to do things in today's workplace.

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

The organization's reason for existence is known as the organization's _______.

Top managers and chief executives have the final responsibility for strategic planning.

Tactical goals are specific, measurable results expected from departments, work groups, and individuals within the organization.

With an _______strategy, the organization concentrates on a specific regional market or buyer group.

_______enables firms to cope with unexpected events that are so sudden and devastating that they have the potential to destroy the organization if managers aren't prepared with a quick and appropriate response.

Management by objectives, single-use plans, and standing plans are all management planning approaches.

Plans provide a standard of assessment.

Managers use_______ to direct employees and resources toward achieving specific outcomes that enable the organization to perform efficiently and effectively.

Top managers make the broad strategic plan and identify specific tactical plans.

"We respect our employees and value their diversity" is an example of a statement you are most likely to find in the organization's _______.

_______describes the organization's reason for existence.

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called an _______.

_______plans are developed at the lower levels of the organization to specify action steps toward achieving operational goals and to support tactical plans.

Which of these are true about contingency plans?

Competitive advantage refers to the set of decisions and actions used to formulate and implement strategies.

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as _____.

Stretch goals are typically so far beyond the current levels that people have to be innovative to find ways to reach them.

The CEO of Andre's Autos, Inc. must do all of the planning for the company because that is the way to do things in today's workplace.

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