Question 1

Which of the following is a commonly-cited limitation of planning?

Accepted Answer

A)  Plans limit employee motivation and commitment. 
B)  Plans make resource allocation more difficult. 
C)  Plans make it more difficult to measure standards of performance. 
D)  Plans boost intuition and creativity. 
E)  Plans can create a false sense of security. 
A)  Plans limit employee motivation and commitment. 
B)  Plans make resource allocation more difficult. 
C)  Plans make it more difficult to measure standards of performance. 
D)  Plans boost intuition and creativity. 
E)  Plans can create a false sense of security.

Question 2

List the four major activities that must occur in order for MBO to succeed.

Accepted Answer

1) Set goals, 2) dev

Question 3

Classy Clay has extremely creative employees who, in the opinion of the organization, keep the company ahead of the competition. The creativity of these employees would be classified as an_______ .

Accepted Answer

A)  internal weakness 
B)  external opportunity 
C)  external strength 
D)  internal strength 
E)  neutral factor 
A)  internal weakness 
B)  external opportunity 
C)  external strength 
D)  internal strength 
E)  neutral factor

Question 4

Briefly describe the Boston Consulting Group matrix, including its dimensions, quadrants, and strategic recommendations.

Accepted Answer

The two dimensions of the matrix are bus

Question 5

An _______is a broadly stated definition of basic business scope and operations that distinguishes the organization from others of a similar type.

Accepted Answer

The answer of An _______is a broadly stated definition of...

Question 6

If Renae, manager at Leak Free Roofing, wanted to develop a contingency plan for Leak Free, she would need to look at factors such as new equipment, the economy, and the company workers' compensation cases.

Accepted Answer

A) True 
 B)False

Question 7

The _______strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.

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 8

_______refers to a desired future state that an organization attempts to realize.

Accepted Answer

A)  Plan 
B)  Vision statement 
C)  Goal 
D)  Mission statement 
E)  Idea 
A)  Plan 
B)  Vision statement 
C)  Goal 
D)  Mission statement 
E)  Idea

Question 9

Goals must be set for every aspect of employee behavior or organizational performance to be effective.

Accepted Answer

A) True 
 B)False

Question 10

The task environment sectors are the most relevant to strategic behavior and include the behavior of competitors, customers, suppliers, and the labor supply.

Accepted Answer

A) True 
 B)False

Question 11

The act of determining the organization's goals and the means for achieving them is referred to as_______ .

Accepted Answer

The answer of The act of determining the organization's goals...

Question 12

The official goals of the organization are best represented by the_______ .

Accepted Answer

A)  strategic goals 
B)  tactical goals 
C)  operational goals 
D)  competitive goals 
E)  none of these 
A)  strategic goals 
B)  tactical goals 
C)  operational goals 
D)  competitive goals 
E)  none of these

Question 13

Which of these is true about single-use 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 plans that 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 plans that define company responses to specific situations, such as emergencies or setbacks. 
D)  They are most important in the organizations. 
E)  None of these

Question 14

In using MBO, objectives should be set by the:

Accepted Answer

A)  supervisor. 
B)  employee. 
C)  supervisor and the employee jointly. 
D)  accounting department. 
E)  top management. 
A)  supervisor. 
B)  employee. 
C)  supervisor and the employee jointly. 
D)  accounting department. 
E)  top management.

Question 15

Planning cannot tame a turbulent environment.

Accepted Answer

A) True 
 B)False

Question 16

Which of these is true about the cash cow?

Accepted Answer

A)  It generates tremendous profits in a rapidly growing industry. 
B)  It has a small market share in a rapidly growing industry. 
C)  It has a small market share in a slow growth industry. 
D)  It has a large market share in a slow growth industry. 
E)  It is generally a dead business that should be divested. 
A)  It generates tremendous profits in a rapidly growing industry. 
B)  It has a small market share in a rapidly growing industry. 
C)  It has a small market share in a slow growth industry. 
D)  It has a large market share in a slow growth industry. 
E)  It is generally a dead business that should be divested.

Question 17

The star has a:

Accepted Answer

A)  large market share in a rapidly growing industry. 
B)  large market share in a slow growth industry. 
C)  small market share in a rapidly growing industry. 
D)  small share of a slow growth market. 
E)  moderate market share in a slow growth industry. 
A)  large market share in a rapidly growing industry. 
B)  large market share in a slow growth industry. 
C)  small market share in a rapidly growing industry. 
D)  small share of a slow growth market. 
E)  moderate market share in a slow growth industry.

Question 18

"No food and/or drinks in the classroom" is an example of a_______ .

Accepted Answer

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

Question 19

Three critical planning methods are contingency planning, building scenarios, and crisis planning.

Accepted Answer

A) True 
 B)False

Question 20

Fred has been assigned to conduct a SWOT analysis for his organization, Acme, Inc. As part of this assignment, Fred will:

Accepted Answer

A)  conduct an external wage survey. 
B)  search for the strengths, weaknesses, opportunities, and threats that impact his firm. 
C)  choose a grand strategy for his firm. 
D)  do a cost/benefit analysis. 
E)  develop a mission. 
A)  conduct an external wage survey. 
B)  search for the strengths, weaknesses, opportunities, and threats that impact his firm. 
C)  choose a grand strategy for his firm. 
D)  do a cost/benefit analysis. 
E)  develop a mission.

Which of the following is a commonly-cited limitation of planning?

List the four major activities that must occur in order for MBO to succeed.

Classy Clay has extremely creative employees who, in the opinion of the organization, keep the company ahead of the competition. The creativity of these employees would be classified as an_______ .

Briefly describe the Boston Consulting Group matrix, including its dimensions, quadrants, and strategic recommendations.

An _______is a broadly stated definition of basic business scope and operations that distinguishes the organization from others of a similar type.

If Renae, manager at Leak Free Roofing, wanted to develop a contingency plan for Leak Free, she would need to look at factors such as new equipment, the economy, and the company workers' compensation cases.

The _______strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.

_______refers to a desired future state that an organization attempts to realize.

Goals must be set for every aspect of employee behavior or organizational performance to be effective.

The task environment sectors are the most relevant to strategic behavior and include the behavior of competitors, customers, suppliers, and the labor supply.

The act of determining the organization's goals and the means for achieving them is referred to as_______ .

The official goals of the organization are best represented by the_______ .

Which of these is true about single-use plans?

In using MBO, objectives should be set by the:

Planning cannot tame a turbulent environment.

Which of these is true about the cash cow?

The star has a:

"No food and/or drinks in the classroom" is an example of a_______ .

Three critical planning methods are contingency planning, building scenarios, and crisis planning.

Fred has been assigned to conduct a SWOT analysis for his organization, Acme, Inc. As part of this assignment, Fred will:

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

Which of the following is a commonly-cited limitation of planning?

List the four major activities that must occur in order for MBO to succeed.

Classy Clay has extremely creative employees who, in the opinion of the organization, keep the company ahead of the competition. The creativity of these employees would be classified as an_______ .

Briefly describe the Boston Consulting Group matrix, including its dimensions, quadrants, and strategic recommendations.

An _______is a broadly stated definition of basic business scope and operations that distinguishes the organization from others of a similar type.

If Renae, manager at Leak Free Roofing, wanted to develop a contingency plan for Leak Free, she would need to look at factors such as new equipment, the economy, and the company workers' compensation cases.

The _______strategy involves seeking efficient facilities, cutting costs and using tight cost controls to be more efficient than competitors.

_______refers to a desired future state that an organization attempts to realize.

Goals must be set for every aspect of employee behavior or organizational performance to be effective.

The task environment sectors are the most relevant to strategic behavior and include the behavior of competitors, customers, suppliers, and the labor supply.

The act of determining the organization's goals and the means for achieving them is referred to as_______ .

The official goals of the organization are best represented by the_______ .

Which of these is true about single-use plans?

In using MBO, objectives should be set by the:

Planning cannot tame a turbulent environment.

Which of these is true about the cash cow?

The star has a:

"No food and/or drinks in the classroom" is an example of a_______ .

Three critical planning methods are contingency planning, building scenarios, and crisis planning.

Fred has been assigned to conduct a SWOT analysis for his organization, Acme, Inc. As part of this assignment, Fred will:

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