Question 1

In step 1 of Management By Objectives, overall performance is appraised.

Accepted Answer

A) True 
 B)False

Question 2

Which of these is a method of management whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance?

Accepted Answer

A)  Organizational planning 
B)  Management by objectives 
C)  Goal setting 
D)  Mission development 
E)  Vision development 
A)  Organizational planning 
B)  Management by objectives 
C)  Goal setting 
D)  Mission development 
E)  Vision development

Question 3

Goals specify today's means; plans specify future ends.

Accepted Answer

A) True 
 B)False

Question 4

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from that of competitors.

Accepted Answer

A) True 
 B)False

Question 5

An example of a_______ is a statement supporting the organization's efforts in the area of sexual harassment.

Accepted Answer

A)  procedure 
B)  rule 
C)  policy 
D)  single-use plan 
E)  program 
A)  procedure 
B)  rule 
C)  policy 
D)  single-use plan 
E)  program

Question 6

Standing plans:

Accepted Answer

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

Question 7

The question mark exists in a new, rapidly growing industry but has only a small market share, according to the BCG Matrix.

Accepted Answer

A) True 
 B)False

Question 8

The essence of formulating strategy is choosing how the organization will conform to become like its key competitors in the industry.

Accepted Answer

A) True 
 B)False

Question 9

Operational plans and goals are those that focus on the outcomes that major divisions and departments must achieve in order for the organization to reach its overall goals.

Accepted Answer

A) True 
 B)False

Question 10

In what ways do plans and goals benefit an organization?

Accepted Answer

Plans and goals benefit the organization

Question 11

The traditional approach to corporate planning was to:

Accepted Answer

A)  have a decentralized planning staff. 
B)  have a centralized planning department. 
C)  set up a planning task force. 
D)  set up planning committees. 
E)  use TQM approach. 
A)  have a decentralized planning staff. 
B)  have a centralized planning department. 
C)  set up a planning task force. 
D)  set up planning committees. 
E)  use TQM approach.

Question 12

Sherri has been asked to participate on a cross-functional task force that is charged with performing an audit checklist for her advertising firm. The task force will analyze organizational strengths and weaknesses as they apply to the firm. Sherri's task is to analyze management quality, staff quality, degree of centralization, and organizational charts. This level of analysis pertains to which area of the audit?

Accepted Answer

A)  Management and organization 
B)  Marketing 
C)  Human resources 
D)  Research and development 
E)  Production 
A)  Management and organization 
B)  Marketing 
C)  Human resources 
D)  Research and development 
E)  Production

Question 13

Trend management is looking at trends and discontinuities and imagining possible alternative futures.

Accepted Answer

A) True 
 B)False

Question 14

Focusing manager and employee efforts on activities that will lead to goal attainment is a benefit of what management method?

Accepted Answer

A)  Tactical planning 
B)  Contingency planning 
C)  Single-use planning 
D)  Management by objectives 
E)  Management by walking around 
A)  Tactical planning 
B)  Contingency planning 
C)  Single-use planning 
D)  Management by objectives 
E)  Management by walking around

Question 15

Which of the following refer to specific results expected from individuals?

Accepted Answer

A)  Operational goals 
B)  Tactical goals 
C)  Strategic goals 
D)  Operational plans 
E)  Mission statements 
A)  Operational goals 
B)  Tactical goals 
C)  Strategic goals 
D)  Operational plans 
E)  Mission statements

Question 16

The goals should be easy, for employees to feel motivated, so that they can achieve them easily which in turn increases their motivation level.

Accepted Answer

A) True 
 B)False

Question 17

The mission is the basis for the strategic level of goals and plans, which in turn shapes the tactical and operational level.

Accepted Answer

A) True 
 B)False

Question 18

Some companies hire competitive intelligence professionals to scan the external environment and provide data and research on relevant domestic and global trends.

Accepted Answer

A) True 
 B)False

Question 19

One of the biggest benefits of planning is that, in turbulent environments, plans create greater organizational flexibility.

Accepted Answer

A) True 
 B)False

Question 20

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Accepted Answer

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

In step 1 of Management By Objectives, overall performance is appraised.

Which of these is a method of management whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance?

Goals specify today's means; plans specify future ends.

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from that of competitors.

An example of a_______ is a statement supporting the organization's efforts in the area of sexual harassment.

Standing plans:

The question mark exists in a new, rapidly growing industry but has only a small market share, according to the BCG Matrix.

The essence of formulating strategy is choosing how the organization will conform to become like its key competitors in the industry.

Operational plans and goals are those that focus on the outcomes that major divisions and departments must achieve in order for the organization to reach its overall goals.

In what ways do plans and goals benefit an organization?

The traditional approach to corporate planning was to:

Trend management is looking at trends and discontinuities and imagining possible alternative futures.

Focusing manager and employee efforts on activities that will lead to goal attainment is a benefit of what management method?

Which of the following refer to specific results expected from individuals?

The goals should be easy, for employees to feel motivated, so that they can achieve them easily which in turn increases their motivation level.

The mission is the basis for the strategic level of goals and plans, which in turn shapes the tactical and operational level.

Some companies hire competitive intelligence professionals to scan the external environment and provide data and research on relevant domestic and global trends.

One of the biggest benefits of planning is that, in turbulent environments, plans create greater organizational flexibility.

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

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

In step 1 of Management By Objectives, overall performance is appraised.

Which of these is a method of management whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance?

Goals specify today's means; plans specify future ends.

Cost leadership is a type of competitive strategy with which the organization seeks to distinguish its products or services from that of competitors.

An example of a_______ is a statement supporting the organization's efforts in the area of sexual harassment.

Standing plans:

The question mark exists in a new, rapidly growing industry but has only a small market share, according to the BCG Matrix.

The essence of formulating strategy is choosing how the organization will conform to become like its key competitors in the industry.

Operational plans and goals are those that focus on the outcomes that major divisions and departments must achieve in order for the organization to reach its overall goals.

In what ways do plans and goals benefit an organization?

The traditional approach to corporate planning was to:

Trend management is looking at trends and discontinuities and imagining possible alternative futures.

Focusing manager and employee efforts on activities that will lead to goal attainment is a benefit of what management method?

Which of the following refer to specific results expected from individuals?

The goals should be easy, for employees to feel motivated, so that they can achieve them easily which in turn increases their motivation level.

The mission is the basis for the strategic level of goals and plans, which in turn shapes the tactical and operational level.

Some companies hire competitive intelligence professionals to scan the external environment and provide data and research on relevant domestic and global trends.

One of the biggest benefits of planning is that, in turbulent environments, plans create greater organizational flexibility.

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

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