Exam 6: Basic Elements of Planning and Decision Making

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Strategic plans set by the board of directors and top management generally have all of the following EXCEPT ____.

(Multiple Choice)
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____________________ is when goals conflict with each other and a manager must decide whether to pursue one goal at the exclusion of the other or find a compromise and achieve some of both.

(Short Answer)
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Many companies have a(n) ____________________ that requires employees to use their company cell phones only for work related activities.

(Short Answer)
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Standard operating procedures and rules and regulations can serve as a substitute for decision making.

(True/False)
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Which of the following statements most correctly reflects the relationship between goal setting and planning?

(Multiple Choice)
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The ____ is the single most important individual in any organization's planning process.

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Goals serve four very important purposes. Each purpose is related closely to one of the four functions of management. According to the text, which of the four functions of management is NOT specifically addressed by one of the purposes served by goals?

(Multiple Choice)
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Which of the following is NOT necessary for a Management By Objective (MBO) program to be effective?

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You have decided to go into business for yourself. On your loan application, you state that you intend to open a flower shop in the Village Center Mall. What does this statement on your loan application represent?

(Multiple Choice)
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An occasional situation may call for a stand-alone tactical plan, but most of the time tactical plans flow from and must be consistent with a strategic plan.

(True/False)
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A reaction plan is usually short range and done after something changed.

(True/False)
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In determining goals, short-range means one to five years.

(True/False)
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Comcast launched TV One, a station geared to African Americans who are 24 to 54 years old. It does not offer much hip hop. The program selection is part of Comcast's ____ plan.

(Multiple Choice)
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Managers need an environmental context for planning and decision making.  Describe what environmental context is and how managers get it.

(Essay)
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Google set a(n) ____ goal to purchase Motorola Mobility.

(Multiple Choice)
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A single-use plan that has a more narrow scope than a program is called a(n)

(Multiple Choice)
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You just wrote a short-range plan in support of an intermediate plan. You based this plan on your best estimate of future environmental conditions. What kind of plan did you write?

(Multiple Choice)
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Spanx founder Sara Blakely started an apparel company. She wrote a business plan to get financing for expansion. The business plan is Spanx's ____.

(Multiple Choice)
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Many organizations develop a professional planning staff with overall responsibility for the planning process. Which of the following is NOT a reason for using a planning staff?

(Multiple Choice)
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Who has the formal authority and responsibility for an organization's management?

(Multiple Choice)
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